Baru Gold Executives Engage in Open Forum with Sangihe Regency Government

Core Viewpoint - Baru Gold Corp. is actively engaging with local government and communities in Sangihe Islands to ensure transparent communication and alignment on resource management, economic development, and environmental protection [1][2][4]. Licensing and Regulatory Framework - The authority to issue mining licenses is solely with Indonesia's Central Government, which the Sangihe Regency fully accepts [5]. - Baru Gold has met all conditions necessary for approval of Production Operations as mandated by the Central Government, with preparations underway for operations [6]. Environmental Stewardship - Environmental protection is a core pillar of Baru Gold's operational strategy, with a valid environmental permit (AMDAL) and a comprehensive restoration plan approved by the Central Government [7][8]. - The company has placed a bond as a financial guarantee for environmental remediation, ensuring compliance with reclamation standards [9]. - The Board includes environmentalist Dr. Shidan Murphy, emphasizing the company's commitment to balancing environmental protection with development [10]. Economic Impact and Community Wellbeing - The local government supports economic growth opportunities, and Baru Gold is expected to become the largest employer on Sangihe Island, prioritizing local residents for hiring [12][13]. - The company will create business opportunities for local vendors and is already the largest taxpayer on the island, with anticipated revenue growth for infrastructure improvements [14][15]. - Both the Sangihe Regency Government and Baru Gold share objectives focused on balancing environmental protection with local economic and social interests [16]. Company Overview - The Sangihe Gold Project spans approximately 25,000 hectares, with only 10% explored, and is supported by an existing National Instrument 43-101 report for mining planning [18]. - Baru Gold holds a 70% interest in the Sangihe mineral tenement Contract of Work (CoW), with a 30-year agreement upon commencement of production [20]. - The company is positioned as a dynamic junior gold developer in Indonesia, leveraging extensive experience in small-scale gold asset operations [21].