BARU GOLD Updates Shareholders ON Approval FOR Production Operations
News Release
BARU: TSX.V | BARUF: OTCQB
June 3, 2026
BARU GOLD UPDATES SHAREHOLDERS ON APPROVAL FOR PRODUCTION
OPERATIONS
VANCOUVER, B.C. - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (“Baru” or the
“Company”) and its subsidiary PT. Tambang Mas Sangihe (“TMS” or the “Company”) are pleased
to report to shareholders on progress in securing approval to begin production operations.
The Company formally requested the Ministry of Energy and Mineral Resources (ESDM) to grant
approval for Production Operations without furthe r delay. The Company highlighted that the
absence of lawful mining operations on Sangihe Is land has contributed to the growth of illegal
mining activities, depriving the Republic of In donesia of revenue while undermining regulatory
oversight and responsible management of its mineral resources.
On May 26, 2026, a meeting was held between Company management and the Director of Mineral
Business Development of ESDM to discuss the re quest and review the application for Production
Operations. Also in attendance were representatives of the Legal Section of the Directorate General
of Mineral and Coal and representatives of the Legal Bureau of the Ministry of Energy and Mineral
Resources.
The meeting went extremely well. ESDM presented their review of the Company’s application for
Approval to Production Operations. There were no significant issues raised.
On May 29, 2026, the Company received a formal letter from ESDM accurately summarizing the
meeting and outlining the requested updates on doc uments that are necessary to complete the
application for Production Operations. The updates are administrative in na ture and reflect the
transition into a new calendar year.
Specifically, the Company has been asked to provide updated:
• Confirmation of current corporate organizational structure and beneficial ownership;
• Audited financial statements, including the fiscal year ending 2025; and
• Tax compliance certificates for the Company and relevant management personnel.
The Company has made updating and submission of these documents its highest priority. These are
standard corporate and personal documents that are easy to obtain.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
Mr. Terrence Filbert, CEO and Chairman of Baru Gold commented: “ The formal response from
ESDM provides the clarity we have been seeking regarding the issuance for Approval to Production
Operations. We are pleased that the items are straightforward administrative updates and do not
involve any additional tax obligations or materi al changes to our application. We remain
committed to working closely with ESDM to secure final approval as quickly as possible. We look
forward to announcing the start of production operations.”
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation is a dynamic junior gol d developer with NI 43-101 gold resources in
Indonesia, one of the top ten gold producing countr ies 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 CORPORATION
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 the
meaning of that phrase under applicable Canadian securities law. These statem ents include, but are not limited to, statements o r
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 unk nown risks and uncertainties and other fa ctors which may cause actual results,
performance or events to be materially different from those expressed or implied by such forward looking statements. Those risk s
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 releva nt conversion factors, permit ting
and licensing risks; general market and mi ning 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 sala ble
at a price that will cover the project’s operating and maintenanc e costs. Forward-looking statem ents 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 in vestment decision. Accordingl y, 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.