Mr. Terry Filbert reports

BARU GOLD ANNOUNCES PRIVATE PLACEMENT INCREASE

Baru Gold Corp. has amended its news release dated June 8, 2026, regarding its non-brokered private placement. The company is increasing the size of the offering from up to seven million units for gross proceeds of up to $315,000 to up to 7,480,555 units at a price of 4.5 cents per unit, for aggregate gross proceeds of up to $336,625. Each unit will comprise one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase over two years one additional share at an exercise price of seven cents. The financing is expected to close as soon as practicable.

The use of proceeds as previously announced remains unchanged.

The private placement is subject to regulatory approval, and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. All funds are denominated in Canadian dollars. In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as may be permitted by the policies of the exchange.

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 National Instrument 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 is held through Pt Tambang Mas Sangihe. 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 NI 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.