Baru Gold Advances Towards Production Approval and Begins Fabrication of Automated Gold Production Plant

(TheNewswire)

March 2, 2026 – TheNewswire - VANCOUVER,B.C. – Baru Gold Corp (BARU: TSX.V | BARUF:OTCQB) (“Baru” orthe “Company”), together with its 70%-owned Indonesian subsidiaryPT Tambang MasSangihe (“TMS”), is pleased to updateshareholders on substantial progress toward securing approval tocommence production operations and to announce the initiation offabrication of its automated gold processing plant.

Approval for ProductionOperations:

Indonesia’s Ministry of Energy and Mineral Resources (“ESDM”) requested two additional deliverables prior toissuing approval for Production Operations in November. The Companyand ESDM have met and communicated regularly over the past severalmonths to settle these new items.

Based on the meetings with the ESDM and the status ofapplication, the Company believes that Approval for ProductionOperations is forthcoming.

Electrowinning Elution ColumnPlant:

The Company is now planning for the first gold pour.

The time required to fabricate the Production Plant isa bottleneck in the gold production schedule. To limit the delaybetween first gold pour and Approval for Production Operations,management plan to commence the fabrication of the ElectrowinningElution Column Plant (“Production Plant”).

As announced on September 30, 2025, the ProductionPlant has been designed as a modular, automated system to supportrapid and cost-efficient gold recovery. The Processing Plant’smodular design enables scalable increases in output as additionalprocessing modules are deployed.

Following the award of the tender, work started ondeveloping both the detailed engineering schematics and designdocuments. These items are now complete and are critical milestonesrequired prior to fabrication, construction and installation.

The Company is also happy to announce that all partieshave developed and agreed to fabrication schedules, logistics,timelines, commissioning requirements and budgets for the constructionand installation of the Production Plant.

The Production Plant is expected to requireapproximately three months from the commencement of fabricationthrough to installation. The fabrication will take two months tocomplete and then one month to transport and install on SangiheIsland.

Fabrication will occur entirely within Surabaya,Indonesia. The Company is proud to support Indonesia’s domesticmanufacturing and engineering industries.

Production Plant Site Preparation andLand Survey:

During the fabrication period, the Company will advancesite readiness to ensure construction and installation can beginimmediately upon delivery of the Production Plant. Company surveyorsare already onsite and are now living on and fully mobilised toSangihe Island. Currently, the survey team are finalizing the proposedplant location and supporting infrastructure layout. This parallelworkstream is intended to minimize idle time and support thecommissioning schedule.

Mr. Terrence Filbert, Chairman and CEO of Baru Gold,commented: “I believe Production Operations will be approved by theESDM and fabrication of processing equipment requires time. We areusing this period productively while awaiting final approvals. Byadvancing site preparation, and detailed operational planning inparallel, we aim to significantly reduce the time from receipt ofoperational approval to first gold pour. This approach positions theCompany for an efficient ramp-up into higher production levels shortlyafter operations commence.”

ABOUT SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located onthe Indonesian island of Sangihe, off the northern coast of Sulawesiwith a gold bearing area of approximately 25,000 ha. Sangihe has anexisting National Instrument 43-101 report suitable for miningplanning and production schedules for an area within the 65-ha area targeted for initial production. See theCompany’s “Independent Technical Report onthe Updated Mineral Resource Estimates of the Binebase and BawoneDeposits, Sangihe Project, North Sulawesi, Indonesia” (Mining Associates PtyLtd, February 1st, 2025). Only 10% of the gold bearing area has been explored.

Readers are cautioned that mineralresources that are not mineral reserves do not have demonstratedeconomic viability. The Company intends to proceed to productionwithout the benefit of first establishing mineral reserves supportedby a feasibility study. The Company cautions readers that the anyproduction decision made by the Company will not be based on a NI43-101 feasibility study of mineral reserves that demonstrateseconomic and technical viability and as such, there may be involvedincreased uncertainty and various technological and economicrisks

The Company's 70-percent interest in theSangihe-mineral-tenement Contract of Work (“CoW”) is held throughPT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interestin TMS is held by other Indonesian corporations. The term of theSangihe CoW agreement is 30 years upon commencement of the productionphase of the project. Baru has met all the requirements of theIndonesian government and has been granted its environmentalpermit.

ABOUT BARU GOLD CORP.

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 boasts extensive experience in startingand operating small-scale gold assets.

On behalf of the Board of Directors

BARU GOLD CORP.

“Terry Filbert”                       

Terry Filbert

Chairman and Chief Executive Officer

info@barugold.com

604-684-2183

For investor contacts more information, pleasecontact:

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 News Release, which are nothistorical in nature, constitute “forward looking statements”within the meaning of that phrase under applicable Canadian securitieslaw. These statements include, but are not limited to, statements orinformation concerning future work programs, results and timing of anywork programs, the Company’s performance or events as of the datehereof. These statements reflect management’s current assumptionsand expectations and by their nature are subject to certain underlyingassumptions, known and unknown risks and uncertainties and otherfactors which may cause actual results, performance or events to bematerially different from those expressed or implied by such forwardlooking statements. Those risks include the interpretation of drillresults; the geology, grade and continuity of mineral deposits; thepossibility that future exploration, development or mining resultswill not be consistent with our expectations; commodity and currencyprice fluctuation; failure to obtain adequate financing; regulatory,recovery rates, refinery costs, and other relevant conversion factors,permitting and licensing risks; general market and mining explorationrisks and production and economic risks related to design andengineering, manufacturing, technologicalprocesses and test procedures and the risk that the project’s outputwill not be salable at a price that will cover the project’soperating and maintenance costs. Forward-looking statements should notbe construed as investment advice. Readers should perform a detailed,independent investigation and analysis of the Company and areencouraged to seek independent professional advice before making anyinvestment decision. Accordingly, readers should not place unduereliance on any forward-looking statement. Except as required byapplicable securities laws, the Company disclaims any obligation toupdate or revise any forward looking statements to reflect events orchanges in circumstances that occur after the date hereof.

Copyright (c) 2026 TheNewswire - All rights reserved.