Baru Gold Announces Ongoing Police Action Against Illegal Mining…

(TheNewswire)

November 3, 2026 – TheNewswire - VANCOUVER, B.C. — Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (“Baru” or the “Company”), through its 70%-owned Indonesian subsidiary PT Tambang Mas Sangihe (“TMS” or the “Company”), is pleased to announce that the North Sulawesi Provincial Police are currently executing a major, multi-day 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, multi-day 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 CAD$74 million in damages, as announced on October 19, 2026

Summary of Ongoing Enforcement Actions

The police operation commenced on Sangihe Island on October 29, 2026, and remains ongoing. Key actions taken to date include:

Elimination of Processing Infrastructure: Authorities secured and disabled eleven active heap leach processing facilities, representing all known illegal processing infrastructure operating within the Contract of Work area. The Company estimates illegal miners were attempting to process approximately CAD $3 million worth of material.
Destruction of Support Bases: Base camps and associated supply depots were physically dismantled and destroyed, including the confirmed destruction of a primary base camp belonging to illegal mining operator Lukas Lumape.
Seizure of Heavy Machinery: Heavy equipment linked to the illegal operations has been immobilized. Law enforcement is actively tracing machine ownership to support pending criminal prosecutions.
Perimeter Security Established: Police tape and armed personnel remain stationed around all heavy equipment and heap leach pads to prevent unauthorized re-entry.

The scale and coordinated nature of this raid represent a major breakthrough in dismantling illicit operations prior to the Company’s resumption of formal production.

Support for Civil Litigation & Criminal Charges

The Company continues to work closely with the North Sulawesi Provincial Police to advance criminal charges against those responsible for the theft of state assets and environmental damage.

The timing of this enforcement action is particularly significant for TMS's active civil lawsuit seeking approximately IDR 951 billion (approx. CAD $74 million) in damages, as announced on October 19, 2026. Evidence formally gathered during these raids, including seized equipment, site documentation, and any resulting criminal charges, will provide additional evidentiary support for the Company's civil claims.

Securing the Project Area Ahead of Legitimate Operations

Securing Sangihe Island is a critical prerequisite for commencing legitimate mining operations. The Company hopes that this operation will provide the foundation for continued enforcement action against those responsible and prevent the re-establishment of illegal processing activities.

However, while periodic police action is a crucial first step, the Company maintains that long-term security and the permanent elimination of illegal mining will be achieved only once the Company resumes site operations.

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 immobilisation of the heavy equipment and the demolition of the supporting base camps represent an enduring disruption to the illegal mining operations.

This is a very significant development. I am very happy to see the North Sulawesi Provincial Police undertake this decisive enforcement action.”

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-ha 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, February 1st, 2025). Only 10% 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 until January 28, 2054, and can be extended another 20 years afterward. 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 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.

BARU GOLD CORPORATION

Per: “Terry Filbert”

Terry Filbert, Director

President & CEO
info@barugold.com

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com
647-725-3888 ext. 702

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.