Baru Gold Corp. Reports Progress on Securing Production Operations Approval in Indonesia

VANCOUVER, B.C. — June 3, 2026 — Leads & Copy — Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) announced that its subsidiary, PT. Tambang Mas Sangihe, has formally requested the Ministry of Energy and Mineral Resources (ESDM) to grant approval for production operations without further delay. The company highlighted that the absence of lawful mining operations on Sangihe Island has contributed to the growth of illegal mining activities, depriving the Republic of Indonesia of revenue while undermining regulatory oversight and responsible management of its mineral resources.

A meeting on May 26, 2026, between Company management and the Director of Mineral Business Development of ESDM, along with representatives from the Directorate General of Mineral and Coal and the Ministry of Energy and Mineral Resources legal bureau, aimed to discuss the request and review the application for Production Operations. According to Baru Gold, the meeting went extremely well, with ESDM presenting their review of the application and raising no significant issues.

On May 29, 2026, the Company received a formal letter from ESDM summarizing the meeting and outlining requested updates to documents necessary to complete the application for Production Operations. These updates are described as administrative in nature, reflecting the transition into a new calendar year.

Specifically, the Company has been asked to provide updated confirmation of its current corporate organizational structure and beneficial ownership, audited financial statements for the fiscal year ending 2025, and tax compliance certificates for the Company and relevant management personnel. Baru Gold stated that updating and submitting these documents is its highest priority, characterizing them as standard corporate and personal documents that are easy to obtain.

Mr. Terrence Filbert, CEO and Chairman of Baru Gold, commented, “The formal response from ESDM provides the clarity we have been seeking regarding the issuance for Approval to Production Operations. We are pleased that the items are straightforward administrative updates and do not involve any additional tax obligations or material changes to our application. We remain committed to working closely with ESDM to secure final approval as quickly as possible. We look forward to announcing the start of production operations.”

Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia. Based in Indonesia and North America, Baru's team of mining and finance professionals has extensive experience in starting and operating small-scale gold and coal assets. Baru aims to become Indonesia’s next gold producer.

Source: Baru Gold Corporation