(via TheNewswire)

November 13, 2023 – TheNewswire - Vancouver, BC - Baru Gold Corp. ( TSXV:BARU ) | ( OTC:BARUF ) (“ Baru ” or the “Company”) announces that it has approved the settlement in the amount of $ 183,139.68 of debt through the issuance of common shares of the Company (the “ Debt Settlement ”). Pursuant to the Debt Settlement, the Company would issue 6,104,656 common shares of the Company at a deemed price of $0.03 per common share to Terrence Filbert, the Chairman and CEO of the Company (the “ Creditor” ).

The Debt Settlement is for $128,139.68 in cash advances from Terrence Filbert to the Company from February 2023 to May 2023, and $55,000.00 in management fees from September 2022 to August 31, 2023.

The issuance of the common shares to the Creditor is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

Insiders of the Company participation in the foregoing offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101  Protection of Minority Security Holders in Special Transactions  ( “MI 61-101” ). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization.

The proposed settlement of $334,463.28 of debt through the issuance of 6,689,266 common shares as announced on September 25, 2023 is hereby cancelled.

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.

BARU GOLD CORP

Per: “Terrence Filbert”                        

Terrence Filbert, Director
President & CEO
info@barugold.com

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com
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.

Cert a in st a t e me n ts in t h is News R ele as e, w h ich a re no t h ist o ric a l in na t u re, c on stit u te “f o r w a rd l oo ki ng st a teme n ts” wit h in t h e m ean i n g o f t ha t ph r a se und er app lic ab le C anad i a n sec u rities l a w. T h ese st a teme nt s i n cl ud e, bu t a re no t limited t o , st a te m e n ts o r i n f or m a ti o n c on cer n i n g f u t u re w o rk p r og r a ms, r es u lts a nd timi n g o f an y w o rk p r og r a ms, t h e C o m p an y’s p erf or m an ce o r e v en ts a s o f t h e da te h ere o f. T h ese st a te m e n ts reflect m anag eme n t’s c ur re n t a ss u m p ti on s a n d ex p ect a ti on s an d b y t h eir na t u re a re s ub ject to cert a in und erlyi n g a ss u m p ti on s, kno wn an d un k no wn risks an d un cert a i n ties an d o t h er f a ct o rs w h ich m a y c aus e a ct ua l res u lts, p erf o rm an ce o r eve n ts to b e m a teri a l ly d iffere n t fr o m t ho se ex p res s ed o r im p lied b y s u ch f o rw a rd l oo k i n g st a teme n ts. T ho se risks i n cl ud e t h e i n ter p ret a ti o n o f d rill res u lts; t h e g e o l o g y, g r ad e a n d c on ti nu ity o f mi n er a l d e p o sits; t h e po ssi b ility t ha t f u t u re ex p l o r a ti on , d evel op me n t o r mi n i n g res u lts will not b e c on siste n t with ou r ex p e ct a ti on s; c o m m od ity a n d c u rre n cy p rice fl u ct ua t i on ; f a il u re to ob ta in a d e quat e fi nan ci n g ; re gu l a t o ry, rec o very r a t e s, refi n ery c o sts, an d o t h er relev an t c on versi o n f a ct o rs, p ermitti n g a n d lice n si n g ris k s; g e n er a l ma rket an d mi n i n g ex p l o r a t i o n risks an d p r odu cti o n a n d ec ono mic risks rel a ted to d esi g n a n d e ng i n eeri ng , m anu f a ct u ri n g , tec hno l og i c a l p r o cesses an d test p r o ce du res an d t h e risk t ha t t he p r o ject’s ou t pu t will no t b e s a l ab le a t a p rice t ha t w i ll c o ver t h e p r o ject’s op e ra ti n g a n d m a i n te nan ce c o sts. F o rw a r d -l o o ki n g st a teme n ts s hou l d n o t b e c o n str u ed a s i n vestme n t ad vice. Re ad ers s hou ld p erf o rm a d et a ile d , i nd e p e nd e n t i n vesti ga ti o n an d ana lysis o f t h e C o m pan y a n d a re e n c ou r ag ed to se e k i nd e p e nd e nt p r o fessi ona l ad vice b ef o re m a ki n g an y i n vestme n t de cisi on . Acc ord i ng ly, re ad ers s hou ld no t p l a ce und u e reli an ce o n a n y f o rw a rd-l o o ki n g st a teme n t. Exce p t a s re qu ired b y app lic ab le sec u rities l a ws, t h e C o m pan y d iscl a ims an y ob l i ga ti o n to up d a te o r revise an y f o rw a rd l oo ki n g s t a teme n ts to reflect e v e n ts o r c hang es i n circ u mst an c e s t ha t o cc u r a fter t h e da te h ere o f.

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