BARU GOLD Completes First Tranche of Priv Ate Placement
News Release
April 2, 2025 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD COMPLETES FIRST TRANCHE OF PRIV ATE PLACEMENT
Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) announces the closing of the first tranche of the
private placement announced on March 25, 2025 for $336,321.88 and will be issuing 8,408,047 Units. Each unit
will be comprised of one common share in the capital of the Company (a “Share”) and one non-transferable common
share purchase warrant (a “Warrant”). Each Warrant shall be exercisable for one Share for 2 years from the date
such Warrant is issued at an exercise price of $0.07.
Allocation of the proceeds raised from the Private Placement will be for working capital of $67,000 and the balance
will be used for payment of land use taxes which will be set aside until completion of this private placement with
no payments to Non-Arm's Length parties and/or investor relations providers. Finder’s fees of $1,800 were paid in
cash and 45,000 finders warrants equal to 6% of the gross subscription proceeds raised in this tranche to 2 finders
in accordance with the policies of the TSX Venture Exchange. The finder’s warrants are exercisable for one Share
for 2 years from the date such Warrant is issued at an exercise price of $0.07.
An Insider of the Company has participated in the foregoing offering which constitutes a "related party transaction"
as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor
the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization. The
Insider has subscribed for an aggregate of 1,643,325 common shares for total proceeds of $65,733.
All securities issued in the Private Placement will be subject to a four-month hold period which will expire on August
1, 2025. The Private Placement is also subject to final Exchange approval.
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 Indonesian island of Sangihe, off the northern coast of
Sulawesi with a gold bearing area of approximately 25,000 ha. Sangihe has an existing National Instrument 43-101
report suitable for mining planning and production schedules for an area within the 65-ha area targeted for initial
production. Within the area targeted for initial production, the National Instrument 43-101 report estimates over
200,000 oz of gold resource (Inferred: 91,000 and Indicated: 114,000), and over 3 million oz of silver resource
(Inferred: 1,080,000 and Indicated: 1,930,000) as reported in the Company’s “Independent Technical Report on the
Updated Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi,
Indonesia” (Mining Associates Pty Ltd, February 1st, 2025). Only 10% of the gold bearing area has been explored.
Baru Gold Corp
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
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.
On behalf of the Board of Directors
BARU GOLD CORP.
“Terry Filbert”
Terry Filbert
Chairman and Chief Executive Officer
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 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.