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Baru Gold Corp
Symbol BARU
Shares Issued 411,258,410
Close 2026-11-02 C$ 0.04
Market Cap C$ 16,450,336
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Baru Gold says police cracking down on illegal mining

2026-11-03 16:14 ET - News Release

Mr. Terrence Filbert reports

BARU GOLD ANNOUNCES ONGOING POLICE ACTION AGAINST ILLEGAL MINING OPERATIONS ON SANGIHE ISLAND

Baru Gold Corp., through its 70-per-cent-owned Indonesian subsidiary PT Tambang Mas Sangihe, has been informed that the North Sulawesi Provincial Police are currently executing a major, multiday law enforcement operation targeting industrial-scale illegal mining within the company's contract of work area on Sangihe Island.

The operation is targeting the industrial-scale illegal mining. This operation followed a coordinated, multiday planning process involving internal police planning, surveillance, intelligence gathering and investigation.

The operation was led by the North Sulawesi Provincial Police.

Senior officials, including the Head and Deputy Head of Criminal Investigation, are directly supervising the operation on-site and are being supported by members of the Internal Security Division and a substantial detachment of police personnel

The raid followed a series of formal criminal reports filed by the company and a number of complaints by local community members about illegal mining to the North Sulawesi Provincial Police. Company management actively supported the authorities by providing information and intelligence to assist in identifying the locations and priorities for directed enforcement action.

The enforcement operation targeted illegal mining infrastructure and activities associated with individuals against whom the company has commenced civil proceedings seeking approximately $74-million in damages, as announced on Oct. 19, 2026

Terrence Filbert, chief executive officer of Baru Gold, commented, "This is exactly the step forward the company requires as we can move directly into production once our final approval is granted.

" I will continue to support the police investigation and pursue appropriate criminal charges against those responsible. Disabling and securing all active heap leach pads, the immobilization of the heavy equipment and the demolition of the supporting base camps represent an enduring disruption to the illegal mining operations."

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 of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. Baru is positioned to become Indonesia's next gold producer.

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