BARU GOLD US$100 Million Funding Relationship Strengthed BY Qxa Rebranding
News Release
September 23, 2025 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD US$100 MILLION FUNDING RELATIONSHIP STRENGTHED BY QXA
REBRANDING
VANCOUVER, B.C. - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) ( “Baru”) is pleased to
provide shareholders with an update on its previously announced US$100 million funding partnership.
As previously announced on May 15, 2025, Baru secured a binding preliminary agreement for up to
a US$100 million funding arrangement . Baru is pleased to report that Quantum Metal Thailand has
rebranded to Quantum X Aurum Group (“QXA”) as part of their broader corporate strategy to align with
Baru’s operations and to support QXA’s long-term growth strategy and vision.
This rebranding reflects the strength, scale, and synergy between the two organizations as we prepare to
advance Baru’s Sangihe Gold Project into production.
“Quantum X Aurum Group views its relationship with Baru Gold as a long-term partnership. We remain
committed to collaborating closely with our stakeholders, partners and investors to ensure that each step
we take delivers mutual benefit. This approach aligns with our vision of creating enduring value within
the international digital gold sector,” said Jonathan Seow, Chief Executive Officer and Managing
Director of Quantum X Aurum Group.
QXA has indicated that it will make further announcements in due course that are separate from this news
release. Importantly, there have been no material changes to the binding preliminary agreement by and
between Baru and QXA.
Mr. Terrence Filbert, CEO of Baru Gold, commented, “I am excited to continue this collaboration with
QXA. With the US$100 million funding arrangement intact and progressing, Baru Gold is well-positioned
to accelerate its path to production. We value the strong working relationship with QXA and are excited
about the opportunities this collaboration will create for our shareholders and the communities on Sangihe
Island.”
Baru and QXA remain in regular constructive discussions and are looking forward to executing the
definitive partnership agreement.
Baru Gold Corp.
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 uncer tainty
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 inc lude 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.