BARU GOLD Provides Update ON Community Relations ON Sangihe Island and Legal Victory FOR Indonesian Government
News Release
April 22, 2022 BARU: TSX.V | BARUF: OTCQB
BARU GOLD PROVIDES UPDATE ON COMMUNITY RELATIONS ON
SANGIHE ISLAND AND LEGAL VICTORY FOR INDONESIAN
GOVERNMENT
Vancouver, BC – Baru Gold Corp (the “Company” or “Baru”) is pleased to provide an
update on its continuing community relations efforts on Sangihe Island and the
dismissal of a lawsuit filed in Jakarta in August of 2021, against the Ministry of Energy
and Mineral Resources (“M EMR”) in Indonesia, in relation to Baru ’s subsidiary, PT
Tambang Mas Sangihe (“TMS”).
CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES FOR 2022-Q1
Education
• Second donation made to SD Inpres Bentung to participate in the next level of
Clean School competition
• Provided WiFi to support students on their assignments
• Provided mentoring and internship to a local university geology student
Environment
• Cleaned up landslide across Bentung-Lesabe village access road
• Built embankments at Salurang village with the donation and delivery of 1,000
sandbags
• Provided basic necessities for 24 families effected by the disaster at Santiago,
Tahuna
Economy (micro/small/medium enterprises)
• Provided two laptops for the local village office at Subdistrict Tabukan Selatan
Tengah
• Continued support of a youth group at Binebase village in fisheries business
• Commitment to support the next generation by establishing a relationship with
Indonesian student movement on Sangihe Island
Sport
• Sponsored Tabukan Selatan football team to participate in regional competition
Community
• Donated fire extinguishers to the police station at Tabukan Selatan
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
Terry Filbert, CEO of Baru Gold, commented, “Baru is committed to ongoing CSR
activities and will continue to keep our shareholders informed on a quarterly basis.
Baru’s commitment is to both our staff and the community we support through
economic, safety and environmental initiatives that include safety equipment for staff
that exceed legal requirements, water monitoring, and the procurement of supplies and
equipment locally.”
LEGAL UPDATE
On April 20, 2022, a lawsuit filed in Jakarta Administrative Court (“Court”) against the
Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) was
dismissed. While Baru was not named in the lawsuit , the Court granted permission for a
representative of Baru to attend the proceedings in support of MEMR , as it relates to the
mining permit that was granted to the Company’s 70% owned subsidiary, PT Tambang
Mas Sangihe. In addition to the dismissal, the presiding judge ordered the plaintiff to pay
the costs of the litigation.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off
the northern coast of Sulawesi. Sangihe 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 Resource
Estimates of the Binebase and Bawone Deposits , Sangihe Project, North Sulawesi,
Indonesia" (May 30, 2017). 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'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 three 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. The Company has received approval for the upgrade of its licence
to advance the Sangihe project to construction and production in 2022.
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
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; 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.
ABOUT BARU GOLD CORPORATION
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 of mining and finance professionals boasts extensive
experience in starting and operating small-scale gold and coal assets. With strong retail and
institutional shareholder support, Baru is positioned to become Indonesia’s next gold
producer.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI -KCMI, 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 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.