BARU GOLD Completes Financing
News Release
March 3, 2023 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
BARU GOLD COMPLETES FINANCING
Vancouver, BC - Baru Gold Corp ( the “Company” or “Baru”) announces that it has closed $20,000, issuing
1,000,000 Units in the second and final tranche of the $1.5 million financing previously announced on January
4, 2023. Each unit will be comprised of one common share in the capital of the Company (a “Share”) and one
common share purchase warrant (a “Warrant”). Each full Warrant shall be exercisable into one Share for 2
years from the date such Warrant is issued at an exercise price of $0.05 for the first year and $0.10 for the
second year. The proceeds raised from the Private Placement wi ll be used for immediate working capital
commitments at the Sangihe Gold project.
All securities issued in the second and final tranche of the Private Placement will be subject to a four-month
hold period expiring June 22, 2023.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities
have not been registered under the United States Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent registration or an applicable exemption from the registration requirements.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesi an island of Sangihe, off the northern coast
of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700
indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independe nt Technical Report
on the Mineral Resource Estimates of the Binebase and Bawone De posits, Sangihe Project, North Sulawesi,
Indonesia” (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 benefi t 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 m ineral reserves that demonstrates economic
and technical viability and as su ch, there may be involved incr eased uncertainty and various technological
and economic risks
The Company's 70-percent interest in the Sangihe-mineral-teneme nt Contract of Work (“CoW”) is held
through PT. Tambang Mas Sangihe (“TMS”). The remaining 30-perce nt interest in TMS is held by three
Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the
production phase of the project.
Baru Gold Corporation
9th Floor, 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
Baru has met all the requirement s of the Indonesian government and has been granted its environmental
permit.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynami c junior gold developer with N I 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, 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 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 hi storical 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 statemen ts. Those risks include the interpretation of drill results;
the geology, grade and continuity of mineral deposits; the possibility that future explor ation, 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 fa ctors, permitting and licensing
risks; general