BARU ANNOUNCES UPDATES TO ITS RESTRICTED SHARE UNITS PLAN

Baru Gold Corp.'s board of directors has made certain amendments to its existing restricted share unit plan that are intended to comply with the provisions of TSX Venture Exchange Policy 4.4 (Security Based Compensation), as well as other housekeeping changes.

The amended RSU plan is a fixed plan of up to 5 per cent. The restricted share unit plan was approved by the shareholders of the company at the annual general meeting of shareholders held on Dec. 31, 2024.

Under the amended RSU plan, the company may grant up to 14,190,371 common shares (5 per cent of the issued and outstanding common shares of the company) to eligible participants pursuant to the terms of the RSU plan. The amended RSU plan is subject to final acceptance of the TSX-V.

The company's 2024 stock option plan is a 10-per-cent rolling stock option plan.