(TheNewswire)

February 13, 2025 – TheNewswire - Vancouver, BC - Baru Gold Corp ( TSX.V:BARU | OTCQB : BARUF ) (the “Company” or “Baru”) and its subsidiary PT. Tambang Mas Sangihe (the “Company” or "PT TMS") are pleased to update shareholders on the Company’s progress to increase the State of Activity status from Exploration to Production Operations on the Sangihe Gold Project.

As announced on December 20, 2024, the Indonesian Ministry of Energy and Mineral Resources (ESDM) reviewed the Company’s Application for Production Operations. As part of the Review, the ESDM sought clarifications, and requested additional information and documentation before processing the Company’s Application for Production Operations. The Review is the final step of the approval process.

Today, the Company is happy to announce that is has submitted all requested technical documentation and activity reports. The documentation was submitted directly to the Directorate General of Mineral and Coal. The Company has been in regular contact with the ESDM to confirm the information supplied meets the standards of their Review.

The only outstanding requirement to receive the approval for Production Operations is the payment of taxes. The Company is now focussed on raising the necessary funding. Once the payment of taxes is complete, the approval for Production Operations will be granted.

The approval of Production Operations is guaranteed by Indonesian law through the Company’s Contract of Works.

Mr. Terry Filbert , CEO of Baru Gold, commented, "I am very happy that we are so near to obtaining our upgrade to Production Operations. The payment of taxes is our only remaining requirement before we are granted the approval to begin producing gold. Our leadership team is now arranging the logistics and preparing staff so that we can begin preparations for production operations right after right after obtaining our approval.”

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has a National Instrument 43-101 report as reported in the “Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia” (Mining Associates Pty Ltd, May 30, 2017).

Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study. The Company cautions readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks

The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by other Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit.

ABOUT BARU GOLD CORP.

Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.

BARU GOLD CORP

Per: “Terry Filbert”

Terry Filbert, Chairman and CEO
info@barugold.com

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com
647-725-3888 ext 702

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.

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