BARU GOLD Corp Updates Shareholders ON Binding Funding Agreement of up to USD$100,000,000 and Payment of Land Use Taxes
News Release
June 12, 2025 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD CORP UPDATES SHAREHOLDERS ON BINDING FUNDING
AGREEMENT OF UP TO USD$100,000,000 AND PAYMENT OF LAND USE TAXES
VANCOUVER, B.C. - Baru Gold Corp (“Baru” or the “Company”) and its subsidiary PT. Tambang Mas
Sangihe (“TMS” or the “Company”) wish to update shareholders on the binding preliminary collaboration
agreement with Quantum Metal Thailand Co., Ltd. (“QMT”) announced on May 15, 2025, and the payment
of land use tax on Sangihe Island. The land use tax is a mandatory fee payable annually.
The Company is pleased to announce to shareholders on significant progress in closing the binding
agreement with QMT. The Company has completed the delivery of comprehensive documentation on all
legal, financial, and operational aspects of the Sangihe Project. In parallel, the leadership of Baru and QMT
have held a series of productive meetings with key stakeholders to reinforce strategic alignment and work
through final approvals and frameworks. Additional meetings are planned. The final definitive agreement
is currently being drafted, aligning key terms to ensure and protect the interests of all involved parties.
The Company is currently on schedule to sign the final, definitive funding agreement within the coming
weeks.
Further, the Company is happy to announce to shareholders that a payment has been made towards the
outstanding land use tax. As previously announced, the Company has been advised that the payment of the
land use tax is the only remaining requirement to receive the upgrade to production operations.
Mr. Terry Filbert, CEO of Baru Gold, commented, “ I am very happy with the engagement and progress
Baru leadership are making in closing this funding agreement with QMT. I believe QMT is an excellent
partner for Baru and look forward to working with them. The funding from QMT will support the
Company’s financial commitments, production operations, and planned sustainability and community
initiatives. The Company remains focused on delivering long-term value through responsible mining,
community engagement, and economic contribution to Sangihe Island.”
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-
hectare area targeted for initial production. See the company's "Independent Technical Report on the
Updated Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North
Baru Gold Corp.
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
Sulawesi, Indonesia" (Mining Associates Pty. Ltd., Feb. 1, 2025). Only 10 per cent 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. 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
604-684-2183
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.