04:07:17 EST Tue 18 Nov 2025
Enter Symbol
or Name
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Baru Gold Corp
Symbol BARU
Shares Issued 356,162,534
Close 2025-11-17 C$ 0.065
Market Cap C$ 23,150,565
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Baru Gold appoints Farmer as director

2025-11-17 18:49 ET - News Release

Mr. Terry Filbert reports

BARU GOLD ANNOUNCES ADDITION TO THE BOARD AND GRANTS OPTIONS

Baru Gold Corp. has appointed Matthew Charles Farmer to the board of directors.

Mr. Farmer is a senior exploration and mining executive with more than 30 years of experience across Southeast Asia, Australasia and the Americas. He has held leadership roles with major and junior mining companies -- including Newmont, BP Minerals, PanAust and Tiberon Minerals -- and is recognized for his discovery record, operational discipline and ability to advance projects from early exploration through development.

Mr. Farmer has made significant contributions to several world-class deposits, including Batu Hijau, the Nui Phao polymetallic deposit, Mesel, Mt. Muro and the Ban Houayxai extension. His expertise covers the full exploration life cycle, with broad experience in managing large multicultural teams, multimillion-dollar budgets and complex technical programs.

Mr. Farmer's experience in Indonesia is particularly extensive, spanning multiple regions, commodities and stages of project development. As exploration manager, Indonesia, for Sumatra Copper and Gold, he led all exploration across South and West Sumatra, overseeing three exploration projects and one major development project. Under his leadership, the team discovered the high-grade Belinau underground resource, secured a joint venture with Newcrest at Lebong Tandai, and supported successful fundraising on the London Stock Exchange and Australian Securities Exchange.

Earlier, during more than a decade with Newmont, Mr. Farmer held senior exploration roles across Sulawesi, Kalimantan and Nusa Tenggara. He managed major programs at the Mesel mine, Lanut and Bakan deposits; supervised advanced drilling, geological modelling and early development studies; and contributed to generative work that supported Newmont's Indonesian growth pipeline. His time in Indonesia also included the early drilling phases at Batu Hijau, one of the region's largest copper-gold porphyry deposits.

Most recently, Mr. Farmer served as general manager, exploration, for Pan Australian, overseeing exploration programs in Laos, Chile and Papua New Guinea. He rebuilt discovery-focused teams, delivered new gold-silver resources now under development, expanded near-mine gold-copper inventories, and strengthened the company's generative and data capabilities.

His broader Southeast Asian career includes senior roles in Myanmar, Vietnam, Laos and Papua New Guinea, where he managed large technical teams, led commercial and joint venture negotiations, and presented exploration strategies to boards and major institutional investors.

Mr. Farmer holds a BSc in geology from the University of Auckland and has completed executive and technical programs at Stanford University and James Cook University. In addition to English and Bahasa Indonesia, he has a working knowledge of Thai, Lao, French and Vietnamese, and has cultivated a wide network of government and industry contacts throughout Southeast Asia.

A New Zealand, British and Australian national based in the region, Mr. Farmer brings to Baru Gold a deep understanding of Indonesia's geology, regulatory environment and operating landscape -- along with a proven ability to deliver exploration results and advance projects toward development.

Stock option grant

Subject to the approval of the TSX Venture Exchange, the company has granted 300,000 stock options to Mr. Farmer and an additional 950,000 stock options to directors, management and employees of the company in accordance with the provisions of the company's stock option plan, Each option entitles the holder to purchase one common share of the company at an exercise price of six cents for a period of two years. The options are subject to a four-month hold period from the date of grant.

The company also announces that it has granted 1.8 million stock options to an officer of the company in accordance with the provisions of the company's stock option plan. Each option entitles the holder to purchase one common share of the company at an exercise price of 7.5 cents for a period of two years. The options are subject to a four-month hold period from the date of grant.

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 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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