BARU GOLD Reports Further Progress ON Production Approval
News Release
September 8, 2026 BARU: TSX.V | BARUF: OTCQB
BARU GOLD REPORTS FURTHER PROGRESS ON PRODUCTION APPROVAL
VANCOUVER, B.C. — Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (“Baru” or the “Company”),
through its 70% -owned Indonesian subsidiary PT Tambang Mas Sangihe (“TMS” or the “Company” ), is
pleased to provide an update on the Company’s application for approval to commence production operations
at the Sangihe Gold Project in Indonesia.
Further to the August 13, 2026 press release, the Company confirms that the Ministry of Energy and Mineral
Resources of the Republic of Indonesia (“ESDM”) has confirmed to the Company that no further meetings
from the Company are required and the application is complete.
The Company has also been notified that ESDM has now progressed to the remaining administrative steps
required for issuance of the approval to commence production operations.
While no specific issuance date has been provided, Company management remains in regular
communication with ESDM and continues to request and receive updates regarding the status and progress
of the approval. The Company anticipates receiving approval in October.
With the regulatory requirements requested by ESDM now completed and no further meetings required, the
Company’s focus remains on community socialisation, supporting the completion of the issuance process
and preparing for the commencement of operations at Sangihe.
Terrence Filbert, President and CEO of Baru Gold, commented “ESDM has confirmed that our application
is complete, and that no further meetings or submissions are required from the Company. The approval is
guaranteed by Indonesian law.
I look forward to working and supporting the economy of Sangihe and the positive contribution that
responsible, regulated and sustainable mining can make to the local community. The commencement of
operations by PT Tambang Mas Sangihe will positively transform local employment opportunities, support
small businesses, increase economic activity, and generate long-term benefits for the region through taxes,
royalties and community development programs.”
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
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-
ha 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 Sulawesi,
Indonesia” ( Mining Associates Pty Ltd , February 1st, 2025). 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. 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 of
mining and finance professionals boasts extensive experience in starting and operating small-scale gold and
coal assets. Baru is positioned to become Indonesia’s next gold producer.
BARU GOLD CORP.
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
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 t he
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 subjec t 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 ri sks
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, perm itting
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.