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BARU.V ·

Chief Prosecutor Declares Sangihe Priority FOR Illegal Mining Enforcement; Prosecutorial Action Intensifies

Mine Development & Operations

News Release

June 3, 2026 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”

CHIEF PROSECUTOR DECLARES SANGIHE PRIORITY FOR ILLEGAL MINING

ENFORCEMENT; PROSECUTORIAL ACTION INTENSIFIES

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 inform shareholders that the Chief Prosecutor of North Sulawesi has designated Sangihe Island

a priority target for enforcement of illegal mining following a failed, large-scale mobilisation by

illegal miners.

Failed Illegal Mining Mobilisation:

From November 5, 2025, to May 18, 2026, Sangihe Island experienced a resurgence of illegal

mining. The mobilisation was undertaken and supervised by foreign nationals, with support from

Indonesians from outside Sangihe and local day labourers. All illegal operations have since ceased.

Until this recent attempted mobilisation, there ha s not been significant illegal mining on Sangihe

since November 2024.

The mobilisation of equipment was larger and more aggressive than the Company has ever seen.

The foreign nationals were using over 20 excavato rs to build and prepare processing facilities

capable of producing approxima tely $20 million CAD every 60 days. The work was being

undertaken in the exclusive mining concession of the Company under the false pretence of a local

cooperative mine.

Unfortunately, the failed mobilisation destroyed an additional section of protected forest and area

of mangroves. Tragically, a local Sangihe reside nt also died while improperly transporting

cyanide, a reagent used in gold processing. So fa r, at least four Sangihe residents have died

undertaking illegal gold mining on Sangihe Island.

Company management estimate the failed mobilisation resulted in a net loss of approximately $3.5

million CAD to the illegal miners.

Baru Gold Corp.

9th Floor 1021 West Hastings St

Vancouver, BC V6C 1L6

www.barugold.com

Enforcement Developments:

The Chief Prosecutor of North Sulawesi, Jacob Hendrik Pattipeilohy, visited Sangihe Island and

toured the illegal mining site with members of his enforcement team on May 18th.

All illegal mining stopped the day of the site inspection, and there has been no further activity.

During the visit, the Chief Prosecutor designated Sa ngihe Island as a priority target for illegal

mining enforcement. He further reported that he had a moral and lega l obligation to ensure

enforcement as President Prabowo had given a direct order to crack down on illegal mining.

The Chief Prosecutor of North Sulawesi, is the se nior law enforcement official responsible for

overseeing criminal prosecutions, coordinating legal enforcement activ ities, and supervising

prosecutorial offices across the province, including matters relate d to corruption, illegal mining,

public order, and protection of state interests.

In public comments, Mr. Pattipeilohy specifically stated that a non-negotiable starting point was

the complete end of illegal mining, criticized the lack of police enforcement, and emphasised the

importance of the integrity of law enforcement officers.

The Chief Prosecutor also stated his intentions was to pursue criminal charges from offenders,

seek damages equal to the gold previously illegally mined and pursue additional financial penalties

to fund land remediation. The Company intends to provide documentation and records that will

assist in calculating the financial damages they seek to recover.

The North Sulawesi High Prosecutor's Office app ears to be working towards dismantling the

network that is facilitating the illegal mining on Sangihe Island.

Company management understands that four foreign nationals allege d to be key or chestrators of

the illegal mining are deta ined in prison and that a multi-agency inves tigation is underway. In

addition, multiple excavators and an assortment of heavy equipment have been impounded and are

in police custody.

TMS management and staff have tirelessly worked and is cont inuously liaising with multiple

national enforcement agencies to end the illegal mining on Sangihe.

As enforcement and investigation of the illegal mining network is ongoing, further planned actions

and details cannot be shared. The Company anticipates additional arrests.

Mr. Terrence Filbert, Chairman an d CEO of Baru Gold, commented: “The persistence of illegal

mining on Sangihe Island underscores the local community’s desire for the economic benefits that

come from mining operations. There are fe w employment opportuni ties on Sangihe, and I can

understand the appeal of even limited work. However, the economic benefits to locals are largely

limited to low-paid, unsafe day labour.

“In contrast, our Company has paid millions of dollars in local and national taxes, has a

comprehensive Community and Social Improvem ent Program, pays workers good wages with

comprehensive benefits, and has significant plans for infr astructure development and

improvement on Sangihe Island. In addition, we hold a valid Environmental Permit and are legally

required and responsible for environmental reclamation.”

Ending Illegal Mining Requires the Start of the Company’s Production Operations:

Recently, Company management met with the senior leadership of the Ministry of Energy and

Mineral Resources (ESDM) and the Director of Special Crimes in the National Police of Indonesia.

The intention of the meeting was to coordinate methods to end illegal mining.

A key conclusion reached during the meeting was that the only enduring way to end illegal mining

is for a legal mining opera tion to begin, and the parties in atte ndance agreed to act expeditiously

to support this objective.

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 approxima tely 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 Comp any’s “Independent Technical Report on the Updated

Mineral Resource Estimates of the Binebase and Baw one 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. Th e 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 technica l 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-min eral-tenement Contract of Work (“CoW”) is held

through PT. Tambang Mas Sangihe (“TMS”). The remain ing 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

[email protected]

604-684-2183

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

[email protected]

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 hi storical 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, refine ry 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 perfo rm a detailed, independent investigation and analysis of

the Company and are encouraged to seek independent prof essional advice before making any investment decision.

Accordingly, readers should not place undue reliance on a ny forward-looking statemen t. 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.