Baru Gold Announces Addition to the Board and Grants Options

Core Insights - Baru Gold Corp. has appointed Matthew Charles Farmer to its Board of Directors, bringing over 30 years of experience in exploration and mining across multiple regions [1][2] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia, aiming to become one of the country's next gold producers [12] Leadership Experience - Mr. Farmer has held senior roles in major mining companies such as Newmont, BP Minerals, and PanAust, recognized for his operational discipline and project advancement capabilities [2][3] - His extensive experience in Indonesia includes leading exploration projects and managing significant budgets, contributing to the discovery of high-grade resources [4][5] Contributions to Mining Projects - Mr. Farmer has been involved in the development of world-class deposits, including Batu Hijau and the Nui Phao polymetallic deposit, showcasing his expertise in the full exploration life cycle [3][5] - He has successfully led exploration teams and secured joint ventures, enhancing the operational capabilities of the companies he has worked with [4][6] Stock Options - The company has granted 300,000 stock options to Mr. Farmer and an additional 950,000 stock options to other directors and employees, with an exercise price of $0.06 for a period of two years [10] - An officer of the company has also been granted 1,800,000 stock options at an exercise price of $0.075 for the same duration [11]