Baru Gold Updates Shareholders on Approval for Production Operations

(TheNewswire)

June 3, 2026 – TheNewswire - 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 toreport to shareholders on progress in securing approval to beginproduction operations.

The Company formally requested the Ministry of Energyand Mineral Resources (ESDM) to grant approval for ProductionOperations without further delay. The Company highlighted that theabsence of lawful mining operations on Sangihe Island has contributedto the growth of illegal mining activities, depriving the Republic ofIndonesia of revenue while undermining regulatory oversight andresponsible management of its mineral resources.

On May 26, 2026, a meeting was held between Companymanagement and the Director of Mineral Business Development of ESDM todiscuss the request and review the application for ProductionOperations. Also in attendance were representatives of the LegalSection of the Directorate General of Mineral and Coal andrepresentatives of the Legal Bureau of the Ministry of Energy andMineral Resources.

The meeting went extremely well. ESDM presented theirreview of the Company’s application for Approval to ProductionOperations. There were no significant issues raised.

On May 29, 2026, theCompany received a formal letter from ESDM accurately summarizing themeeting and outlining the requested updates on documents that arenecessary to complete the application for Production Operations. Theupdates are administrative in nature and reflect the transition into anew calendar year.

Specifically, the Company has been asked to provideupdated:

• Confirmation of current corporate organizationalstructure and beneficial ownership; 

• Audited financial statements, including the fiscal yearending 2025; and 

• Tax compliance certificates for the Company andrelevant management personnel. 

The Company has made updating and submission of thesedocuments its highest priority. These are standard corporate andpersonal documents that are easy to obtain.

Mr. Terrence Filbert, CEO and Chairman of Baru Gold commented: “The formal response from ESDM provides theclarity we have been seeking regarding the issuance for Approval toProduction Operations. We are pleased that the items arestraightforward administrative updates and do not involve anyadditional tax obligations or material changes to our application. Weremain committed to working closely with ESDM to secure final approvalas quickly as possible. We look forward to announcing the start ofproduction operations.”

ABOUT BARU GOLD CORPORATION

Baru Gold Corporation is a dynamic junior golddeveloper with NI 43-101 gold resources in Indonesia, one of the topten gold producing countries in the world. Based in Indonesia andNorth America, Baru’s team of mining and finance professionalsboasts extensive experience in starting and operating small-scale goldand coal assets. Baru is positioned to become Indonesia’s next goldproducer.

BARU GOLD CORPORATION

Per:        “Terry Filbert”                       

Terry Filbert, Director

President & CEO
info@barugold.com
604-684-2183

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com
647-725-3888 ext. 702

Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

Certain statements in this NewsRelease, which are not historical in nature, constitute “forwardlooking statements” within the meaning of that phrase underapplicable Canadian securities law. These statements include, but arenot limited to, statements or information concerning future workprograms, results and timing of any work programs, the Company’sperformance or events as of the date hereof. These statements reflectmanagement’s current assumptions and expectations and by theirnature are subject to certain underlying assumptions, known andunknown risks and uncertainties and other factors which may causeactual results, performance or events to be materially different fromthose expressed or implied by such forward looking statements. Thoserisks include the interpretation of drill results; the geology, gradeand continuity of mineral deposits; the possibility that futureexploration, development or mining results will not be consistent withour expectations; commodity and currency price fluctuation; failure toobtain adequate financing; regulatory, recovery rates, refinery costs,and other relevant conversion factors, permitting and licensing risks;general market and mining exploration risks and production andeconomic risks related to design and engineering, manufacturing,technological processes and test procedures and the risk that theproject’s output will not be salable at a price that will cover theproject’s operating and maintenance costs. Forward-lookingstatements should not be construed as investment advice. Readersshould perform a detailed, independent investigation and analysis ofthe Company and are encouraged to seek independent professional advicebefore making any investment decision. Accordingly, readers should notplace undue reliance on any forward-looking statement. Except asrequired by applicable securities laws, the Company disclaims anyobligation to update or revise any forward looking statements toreflect events or changes in circumstances that occur after the datehereof.

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