Mr. Terry Filbert reports

BARU GOLD ANNOUNCES PRIVATE PLACEMENT

Baru Gold Corp. is offering up to seven million common shares at a price of 4.5 cents per share, for gross proceeds of up to $315,000. 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 on or before June 12, 2026.

As recently announced, on June 3, 2026, the company received a formal letter from Ministry of Energy and Mineral Resources on May 29, 2026, outlining the requested updates on documents that are necessary to complete the application for production operations. The updates are administrative in nature and reflect the transition into a new calendar year. The company has made updating and submission of these documents its highest priority. These are standard corporate and personal documents that will be submitted over the next month.

The proceeds from this offering are expected to be sufficient to support the company operations over the next three months and the allocation of funds raised will be used for the following purposes:

• Salaries for Indonesian staff -- 38 per cent;
• Legal and audit professional fees of 16 per cent;
• Salary to non-arm's-length parties of the company -- 22 per cent;
• Payments to for investor relations activities in Canada and Indonesia -- 6 per cent;
• Travel expenses -- 8 per cent;
• Balance for general working capital purposes -- 10 per cent.

The company reminds interested participants that the private placement is subject to repricing if the stock price increases following the release of news.

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 ounces 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 (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 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.