BARU GOLD Corp Project Management Team Mobilizes to Project Site
News Release
January 26, 2021 Trading Symbol: “TSX.V: BARU | OTCQB: BARUF”
BARU GOLD CORP PROJECT MANAGEMENT
TEAM MOBILIZES TO PROJECT SITE
Vancouver, BC - Baru Gold Corp (“Baru Gold” or “The Company”) is pleased to announce the management
engineering team has mobilized to the project site on Sangihe Island, Indonesia.
Mr. Garry Kielenstyn, COO Sangihe Gold Project and Mr Fatchil Amal, Mine Technical Manager join the
balance of the core team already on the island. In the near-term, the tea m will focus on office and site
setup, hiring of construction personnel and procurement of construction materials and equipment in
preparation for the construction of the heap leach operation at the Sangihie gold project site.
Mr. Kielenstyn’s experiences and track record is uniquely sui table for the Sangihe Gold operation as he
has extensive experience running small start -up operations in remote parts of Indonesia. He served as
Indonesia Country Manager and President Director of PT Cokal, focusing on the preparation of a 260 mt
coking coal project at Murung Raya, Central Kaliman tan. From May 2011 to April 2013, he was Gene ral
Manager and Director at PT Batutua Tembaga Raya and PT Kharisma Permai with a focus on the
preparation of the 25,000 TPA (tonnes per annum) copper cathode SXEW (lea ch) project at Wetar, East
Indonesia. From 2008 to 2011, he was the Resident Mining Mana ger and Director at Straits Resources
during which period he was responsible fo r all minin g acti vities as IMK underwent a significant
recapitalization, including upgra ding JORC Resource to 730,000 Au eq oz with a single large pit
operation.
CEO of Baru G old Mr. Terry Filbert comments, “ Having our senior management team mobilize from
central Indonesia to the site on Sangihe Island will allow for the more efficient use of contractors, on site-
setup and faster procurement of heap leach equipment. Given Garry and the team’s extensive experience
in constructing larger and more complex heap leach start -up operations, I am confid ent in our Q2 2021
start-up milestone s as we continue to move the construction preparation forward while awaiting the
operation license upgrade.”
ABOUT SANGIHE GOLD PROJECT
The Sangihe gold -silver 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 indicated and 105,000 inferred ounces of
gold as reported in the Company's "Independent Technical Report on the Mineral Resour ce Estimates of the
Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" dated May 30, 2017. Only 10% of the
gold bearing area has been explored. Readers are cautioned that mineral resources that are not mineral reserves do
not have demonstrated economic viability.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
The Company's 70-percent interest in 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 30 years upon commencement of the production phase
of the project.
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 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 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; comm odity 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 ri sk that the project’s output will not be salable at a price that will cover the project’s operating and
maintenance costs.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation (formerly E ast Asia Minerals) is positioning itself to become Indonesia’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 Gol d received approv al on the environmental permit and
became compliant on all government requirements for the Sangihe Gold Project. Baru now awaits the approval for
the upgrade of its licence to advance the project to construction and production in 2021.
Our team of mining and finance professionals are based both in North America and locall y in Indonesia and boasts
extensive experience 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 increased interest
in gold and precious metals with both exploration upsides and operation cashflow in 2021.
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 Ve nture Exchange nor its Regulation Services Pro vider (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 historica l 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 performan ce 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 unce rtainties and other factors which may cause ac tual results, performance or events to be materially
different from tho se expressed or implied by such forward lookin g st atements. 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, independen t investigation and analysis of the Company an d 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.