(via TheNewswire)

Vancouver, BC - TheNewswire - September 25, 2023 - Baru Gold Corp. (“ Baru ”) (BARU:TSX.V) (BARUF:OTC) announces  that it has approved the settlement in the amount of $334,463.28 of debt through the issuance of common shares of the Company (the “ Debt Settlement ”). Pursuant to the Debt Settlement, the Company would issue 6,689,266 common shares of the Company (the “ Shares ”) at a deemed price of $0.05 per Share to Terry Filbert, the Chairman and CEO of the Company (the “ Creditor” ).

The issuance of the 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.

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: “Terry Filbert”                        

Terry 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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