Mr. Terry Filbert reports

BARU GOLD COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT

Baru Gold Corp. has closed the first tranche of the private placement announced on March 25, 2025, for $336,321.88 and will be issuing 8,408,047 units. Each unit will comprise one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant shall be exercisable for one share for two years from the date such warrant is issued at an exercise price of seven cents.

Allocation of the proceeds raised from the private placement will be for working capital of $67,000 and the balance will be used for payment of land use taxes which will be set aside until completion of this private placement with no payments to non-arm's-length parties and/or investor relations providers. Finders' fees of $1,800 were paid in cash and 45,000 finders' warrants equal to 6 per cent of the gross subscription proceeds raised in this tranche to two finders in accordance with the policies of the TSX Venture Exchange. The finders' warrants are exercisable for one share for two years from the date such warrant is issued at an exercise price of seven cents.

An insider of the company has participated in the foregoing offering which 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 per cent of the company's market capitalization. The insider has subscribed for an aggregate of 1,643,325 common shares for total proceeds of $65,733.

All securities issued in the private placement will be subject to a four-month hold period which will expire on Aug. 1, 2025. The private placement is also subject to final exchange approval.

About Sangihe gold project

The Sangihe gold project is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi with a gold-bearing area of approximately 25,000 hectares. Sangihe has an existing National Instrument 43-101 report suitable for mining planning and production schedules for an area within the 65-hectare area targeted for initial production. Within the area targeted for initial production, the National Instrument 43-101 report estimates over 200,000 ounces of gold resource (inferred: 91,000 and indicated: 114,000), and over three million oz of silver resource (inferred: 1.08 million and indicated: 1.93 million) as reported in the company's "Independent Technical Report on the Updated Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia" (Mining Associates Pty. Ltd., Feb. 1, 2025). Only 10 per cent 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. The 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 technical viability and, as such, there may be involved increased uncertainty and various technological and economic risks

The company's 70-per-cent interest in the Sangihe-mineral-tenement contract of work (CoW) is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-per-cent 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 is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 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.

We seek Safe Harbor.