BARU GOLD Corp Launches CSR Initiatives at Sangihe GOLD Project
News Release
March 24, 2021 Trading Symbol: “TSX.V: BARU | OTCQB: BARUF”
BARU GOLD CORP LAUNCHES CSR INITIATIVES AT SANGIHE GOLD PROJECT
Vancouver, Canada – Baru Gold Corp. is pleased to report on its corporate social responsibility (CSR) efforts to
improve the community on Sangihe Island where the Company’s gold project is located.
The Company is i n the early stages of implement ing its CSR programs and has identified eight key community
development directives:
1. EDUCATION which includes s cholarships, skills training , e ducator assistance , and educational facilities and
training assistance.
2. HEALTH which includes supporting public health, healthcare assistance, and assistance to health facilities and
infrastructure.
3. ECONOMY in the form of increased income and jobs in the areas of trade, plantation agriculture, livestock,
fisheries and entrepreneurship.
4. ECONOMIC INDEPENDANCE by increasing the capacity of the community to support economic independence,
development of micro, small and medium enterprises (MSMEs), and providing opportunities for MSMEs to
participate in business partnerships with the Company.
5. SOCIAL AND CULTURAL assistance in the construction of worship facilities and/or infrastructure, relationships
with the religious communities , i nstitutional preservation of local customs, culture and wisdom, and when
needed, support natural disaster relief.
6. ENVIRONMENTAL MANAGEMENT
7. INSTITUTIONAL FORMATION OF SOCIETY
8. INFRASTRUCTURE DEVELOPMENT
In consultation with various community groups, the Company ’s CSR and HR teams will develop a five -year
blueprint for community development programs.
Over the last three months the Company has undertaken several initiatives towards its CSR program objectives.
The initial focus has been to generate p ublic trust in the Company and the companies that have joined us in pre-
production operations , as well as support the land acquisition program that will be carried out by the land
acquisition team.
The Company, thus far, has been successful in generating a positive economic impact for the villagers.
Recent initiatives guided by the eight key community development directives include:
• Recruiting daily workers to improve the Company's basecamp.
• Purchase of supplies from local suppliers for various camp supplies and consumables.
• Hiring local truck owners to assist in the relocation of the core shed to a more suitable warehouse.
• Contracting a local tailor to produce the 5,200 sample bags required for the drilling program.
• Securing fertilizer supply to assist farmer groups in increasing farming productivity and food supply on
island.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
Terry Filbert, CEO of Baru Gold, commented, “With Environmental, Social and Governance (ESG) rightfully at the
forefront of our industry, Baru Gold strives to uphold the highest standard for the mining industry as we advance
Sangihe towards cashflow. By bringing prosperity and benefits to the community that w e work in, we show locals
mining can and wil l bring tangible improvements to Indonesia despite challenging times due to COVID-19’s
impact on the travel and hospitality industry . This will bolster our operation’s success as we build local and buy
local to benefit locals.”
Looking ahead we have under taken the initial steps for our post-mining rehabilitation programs to ensure we
leave the mining area free of negative environmental impacts. The Company has established dialogue with three
local farmer groups. These three farmer groups have 48 members, m ost of whom are mothers . This group of
farmers will be planting crops that will be needed once the Company is in the process of land rehabilitation.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold project is located on the island o f Sangihe off the northern c oast of Sulawesi and 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 "Independent Technical Report on the Mineral Resourc e Estimates of the
Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" dated May 10, 2017 by Ian Taylor
MAusIMM(CP) and Anthony James Woodward MAusIMM, MAIG filed o n SEDAR. On ly 10% of the gold -bearing
area has been explored. The Comp any's 70-percent interest i n the Sangihe-mineral-tenement contract of work
("CoW") is held in PT. Tambang Mas Sangihe (“TMS”). The remaining 30 -percent interest in TMS is held by three
Indonesian corporations. The term of the Sangihe CoW agreement is for 3 0 years upon commencement o f the
production phase of the project.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation (formerly East Asia Minerals) is positioning itself to become Indonesia’s new gol d
producer. We are a dynamic junior gold developer with NI4 3-101 gold resources in Indonesia, one of the top ten
gold producer countries in the world. In 2020, Baru Gold received approval on the environmental permit and
became compliant on all government requirements for the Sangihe Gold Project. Baru has receive d the approval
for the upgrade of its licence to advance the project to construction and production in 2021.
The Company intends to proceed to production without the benefit of first es tablishing mineral reserves
supported by a feasibility study. The Comp any cautions readers that a ny 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 a s such, there may be involved increased uncertainty and var ious 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 min ing r esults will not be consistent with our
expectations; c ommodity and currency price fluctuation; failure to obtain adequate financing; regulatory,
recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; gen eral
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.
Our team of mining and finance professio nals are based both in North America and locally in Indonesia and
boasts extensive experience in starting and operating small-scale gold and coal assets. With sufficient funds and
strong retail and institutional shareholder suppo rt, Baru Gold is well posit ioned to take advantage of the
increased interest in gold and precious metals with both exploration upsides and operation cashflow in 2021.
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 Venture Exc hange 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 natu re, constitute “forward looking
statements” within the meaning of that phrase under applicable Canadian securities law. These statements
include, but are not li mited to, statements or information concerning future work programs, r esults and timing
of any wo rk 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 unkno wn 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 g eology, grade and continui ty of mineral
deposits; the possibility that future exploration, development or mining results will not be consistent with our
expectations; commodity and curre ncy price f luctuation; failure to obtain adequate financing; regulator y,
recovery rates, refiner y costs, and other relevant conversion factors, permitting and licensing risks; general
market and mining exploration risks and production and economic risks related to de sign 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 c onstrued as investment advice. Readers should perform a det ailed, independent investig ation
and analysis of the Company and are encouraged to seek independent professional advice before making any
investment decision. Accordingly, readers should not place und ue reliance on any forward -looking statement.
Except as required by applicable sec urities 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.