Baru Gold Increases Private Placement Allotment

(TheNewswire)

July 11, 2025 – TheNewswire -Vancouver, BC - Baru Gold Corp (BARU: TSX.V | BARUF:OTCQB) (“Baru” and its subsidiary PT. Tambang Mas Sangihe(“TMS”) or the “Company”) announces that further to its newsrelease regarding the non-brokered private placement dated July 9,2025, the Company is increasing the offer to up to 15,294,118 unitspriced at $0.085 per unit for total proceeds of $1,300,000 (the“Private Placement”).  The funding will support working capitaland particular pre-production expenses, enabling an acceleratedstartup timeline.

Each unit will comprise one common share in the capitalof the Company and one non-transferable common share purchase warrant.Each warrant will entitle the holder to purchase over two years oneadditional share at an exercise price of $0.115.

The original offering was fully committed whenannounced and due to additional requests to participate in the privateplacement, the Company has decided to increase the offering from$799,000 to $1,300,000.  The financing is expected to close on orbefore July 18, 2025.

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

The securities being offered have not been, nor willthey be, registered under the United States Securities Act of 1933, asamended, or state securities laws, and may not be offered or soldwithin the United States or to, or for the account or benefit of, U.S.persons absent U.S. federal and state registration or an applicableexemption from the U.S. registration requirement.

Insiders of the Company participation in the foregoingoffering constitutes a "related party transaction" asdefined under Multilateral Instrument 61-101 Protection of MinoritySecurity Holders in Special Transactions (“MI 61-101”). Such participation is exempt from theformal valuation and minority shareholder approval requirements of MI61-101 as neither the fair market value of the securities acquired bythe insiders, nor the consideration for the securities paid by suchinsiders, exceed 25% of the Company's market capitalization.

ABOUT
SANGIHE GOLD PROJECT

The Sangihe Gold Project (“Sangihe”) is located on
the Indonesian island of Sangihe, off the northern coast of Sulawesi
with a gold bearing area of approximately 25,000 ha.

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. See
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 NI
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-percent interest in the
Sangihe-mineral-tenement Contract of Work (“CoW”) is held through
PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent 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 Corporation is a dynamic junior gold
developer with NI 43-101 gold resources in Indonesia, one of the top
ten 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.

Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, CPI-KCMI, Chief
Geologist of Baru Gold Corp. is the Qualified Person as defined under
NI 43-101 who has reviewed and approves the content of this release.

BARU GOLD CORP

Per:        “Terry Filbert”                       

Terry Filbert, Director

President & CEO

info@barugold.com

604-684-2183

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com

647-725-3888 ext 702

Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical innature, constitute “forward looking statements” within the meaningof that phrase under applicable Canadian securities law. Thesestatements include, but are not limited to, statements or informationconcerning future work programs, results and timing of any workprograms, the Company’s performance or events as of the date hereof.These statements reflect management’s current assumptions andexpectations and by their nature are subject to certain underlyingassumptions, known and unknown risks and uncertainties and otherfactors which may cause actual results, performance or events to bematerially different from those expressed or implied by such forwardlooking statements. Those risks include the interpretation of drillresults; the geology, grade and continuity of mineral deposits; thepossibility that future exploration, development or mining resultswill not be consistent with our expectations; commodity and currencyprice fluctuation; failure to obtain adequate financing; regulatory,recovery rates, refinery costs, and other relevant conversion factors,permitting and licensing risks; general market and mining explorationrisks and production and economic risks related to design andengineering, manufacturing, technological processes and testprocedures and the risk that the project’s output will not besalable at a price that will cover the project’s operating andmaintenance costs. Forward-looking statements should not be construedas investment advice. Readers should perform a detailed, independentinvestigation and analysis of the Company and are encouraged to seekindependent professional advice before making any investment decision.Accordingly, readers should not place undue reliance on anyforward-looking statement. Except as required by applicable securitieslaws, the Company disclaims any obligation to update or revise anyforward looking statements to reflect events or changes incircumstances that occur after the date hereof.

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