BARU GOLD Completes Priv Ate Placement
News Release
December 10, 2024 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD COMPLETES PRIV ATE PLACEMENT
Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) announces that it has completed its private
placement for an aggregate of $330,000, issuing 8,250,000 Units announced on November 26, 2024. Each
unit will be comprised of one common share in the capital of th e 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 $0.06.
The proceeds raised from the Private Placement will be used for year end audit fees of $63,000 and land
taxes of $30,000. The balance of the funds received will be use d for working capital while the Company
completes the due diligence for the funding of production opera tions that was announced in the news
release of November 21, 2024, and completes the regulatory process to transfer the shares and options to
PT Arsari Tambang that was announced on the November 18, 2024 n ews release. No payments will be
made to Non-Arm's Length parties and/or investor relations prov iders. No finder’s fees were paid in
connection with this issue.
The Private Placement is subject to final Exchange approval. All securities issued in the Private Placement
will be subject to a four-month hold period expiring April 11, 2025.
The Company wishes to thank all those who expressed interest in the offering of November 26, 2024, but
as the offering was fully subscr ibed within 48 hours of the ann ouncement, we were not able to accept
further subscriptions or increase the offering as the as the stock price increased.
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 Sec urities 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 two existing National Instrument 43-101 reports with over 1 million oz of
gold resource identified (inferred mineral resource of 1,022,98 7 and 114,700 indicated ounces of gold),
as reported in the Company's “Independent Technical Report: San gihe Property” (Caracle Creek
International Consulting Inc, September 22nd, 2010) and “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).
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 mi neral reserves do not have demonstrated economic
viability. The Company intends to proceed to production w ithout 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 st udy of mineral reserves that demonstrates economic and
technical viability and as such, there may be invol ved increased 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-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 requireme nts 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 N I 43-101 gold resour ces 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.
Frank Rocca, BAppSc.(Geology), MA usIMM, MAIG, CPI-KCMI, Chief G eologist of Baru Gold Corp.
is the Qualified Person as defined under NI 43-101 who has revi ewed and approves the content of this
release.
BARU GOLD CORP
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
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 differe nt from those expressed or imp lied 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. Re aders 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.