BARU GOLD Acquires Majority of Phase One Targeted Land Acquisition
News Release
September 7, 2021 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD ACQUIRES MAJORITY OF PHASE ONE
TARGETED LAND ACQUISITION
Vancouver, BC - Baru Gold Corp ( “Baru”) or the (“Company”) is excited to announce it
has acquired the majority of the Phase One land targeted to start the initial mining
production process per the mining plan previously announced in the news release on April
21st, 2021 - Land Acquisition Process.
A majority of the Phase One land acquisition has been secured and the acquisition of the
remaining hectares is expected to be completed over the next 30 days. The initial land to be
acquired is more than sufficient for the first phase of the operational plan . The processing
operations will start with two heap leach pad s. The Company is pleased to achieve this
major milestone while navigating the delays and shut downs associated with the latest
impact of COVID-19.
Baru is equally proud of the relationships it has built with the local residents, who are fully
supportive of the Company ’s initiatives, including the jobs and business opportunities
being created on the island. They welcome a fully engineered mining operation that has the
full support of the federal government.
The Sangihe Gold project is fully compliant with Indonesia’s stringent environmental
regulations (“AMDAL”) and has been issued a federally approved Contract of Work which
is valid until 2051, and holds a granted mining permit.
Construction of the mine operation is soon to commence while the Company awaits the
arrival of key staff and equipment onto Sangihe Island.
Note: 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, ther e may be involved increased uncertainty and various technological and economic risks such
as 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.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold project is located on the island of Sangihe off the northern coast of
Sulawesi and has an existing National Instrument 43- 101 inferred mineral resource of
114,700 indicate d and 105,000 inferred ounces of gold as reported in the Company's
"Independent Technical Report on the Mineral Resource Estimates of the Binebase and
Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" dated May 30, 2017. Only
10% of the gold bea ring a rea has been explored. Readers are cautioned t hat mineral
resources that are not mineral reserves do not have demonstrated economic viability.
The Company's 70- percent interest in the Sangihe -mineral-tenement Contract of W ork
("CoW") is held through PT. Ta mbang Mas Sangihe (TMS). The remaining 30 -percent
interest in TMS is held by three Indone sian corporations. The term of the Sangihe CoW
agreement is for 30 years upon commencement of the production phase of the project.
ABOUT BARU GOLD CORP.
Baru Gold Corporation (formerly East Asia Minerals Corporation) is positioning itself to
become Indone sia’s new gold producer. We are a dynamic junior gold developer with
NI43-101 gold resources in Indonesia, one of the top ten gold producer countries in the
world. In 2020, Baru Gold received approval on the envi ronmental permit and became
compliant on all government requirements for the Sangihe Gold Project. The Company
has received the approval for the upgrade of its licence to advance the project to
construction and production in late 2021/early 2022.
Baru intends to proceed to production without the be nefit of first establishing mineral
reserves supported by a feasibility study.
Our team of mining and finance professionals are based both in North America and
locally in Indonesia and boast extensive experienc e in starting and operating small- scale
gold and coal assets. With sufficient funds and strong retail and institutional shareholders
support, Baru Gold is well positioned to take advantage of the increase d interest in gold
and precious metals.
Qualified Person
Frank Rocca, BAppSc.(Geology), MAusIMM , MAIG, Chief Geologist of Baru Gold
Corp. is the Qualified Person as defined under NI 43- 101 who has reviewed and approves
the content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX V enture 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 historic al 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 concer ning 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 t heir nature are subject to certain
underlying assumptions, known and unknown risks and unc ertainties 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 interpreta tion 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 rate s, refinery costs, and other relevant conversion factors, permitting and
licensing risks; general market and mining exploration risks and production and economi c risks related to
design and engineering, manufacturing, technological processes and test proce dures 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 state ments should not be construed as investment advice. Readers should perform a
detailed, independe nt investigation and analysis of the Company and are encouraged to seek independent
professional advice before making any investment decision. Accordingly, readers sh ould not place undue
reliance on any forward- looking statement. Except as required by appl icable 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.