Unigold Announces Sale of El Carrizal Option to Terreno Resources Corp.

Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to
announce that it has entered into an agreement (the "Agreement") with Terreno
Resources Corp. ("Terreno") (TSX VENTURE:TNO) to sell its option to acquire 100%
of the El Carrizal concession in the Dominican Republic. The El Carrizal
concession covers 13,150 hectares and lies between Unigold's western Neita
Concession and the eastern Sabaneta Concession and is contiguous with both.


As consideration for the purchase of the option, Terreno will issue to Unigold a
total of 11.5-million common shares and make cash payments totaling $1,000,000.
An initial $50,000 cash payment is due immediately with the 11.5-million common
share issuance and a further cash payment of $250,000 is due on the exercise of
the option by Terreno. Two further cash payments of $350,000 will be due on the
12 and 24 month anniversary of the date Terreno exercises the option. In
addition, Unigold will be granted a 2% net smelter returns royalty, of which
half (leaving Unigold with a royalty equal to 1% of net smelter returns) can be
repurchased by Terreno for USD 1,000,000. Unigold will be entitled to receive an
additional 5,000,000 common shares of Terreno in the event that 2,000,000 ounces
of gold are delineated on the property by Terreno on a National Instrument
43-101 compliant basis, in any category of resource. All such common shares of
Terreno which may be issued to Unigold pursuant to the Agreement will be subject
to a hold period which will run for a period of four months from the time of the
issue of such common shares. The transaction involves non-arm's length parties.
Terreno is considered a non-arm's length party of Unigold as a result of the
fact that Pinetree Capital Ltd. holds greater than 10% of the securities of each
of Unigold and Terreno and is thus an "insider" of both companies. The
transaction is subject to the final approval of the TSX Venture Exchange, which
may include Terreno obtaining the approval of its shareholders.


Unigold's Board of Directors has decided to sell the option on the El Carrizal
concession as it is a non-core holding. "This deal is strategic for Unigold and
allows our shareholders to participate through the 11.5-million shareholding in
any discovery at El Carrizal. We are also very pleased to have helped attract a
new exploration company, Terreno, to the Dominican Republic," comments Andrew
Cheatle, President and CEO Unigold. "Unigold is appropriately focused on
exploring and developing the over 21 identified high quality and high priority
targets on Neita, including the Candelones and Candelones Extension
discoveries." 


Premier Mining Destination - Dominican Republic

The Dominican Republic is host to world-class gold and base metal mines and
deposits. The government supports development and exploration in the mining
sector. In addition, the country has well-established mining and environmental
laws. Unigold's wholly-owned flagship property, Neita, is compliant with all
mineral and environmental requirements and work is conducted to internationally
accepted environmental and social standards. The Neita concession exploration
license was renewed in 2012 and is in good standing.


Unigold is well-funded with approximately $8.0-million in cash. 

About Unigold Inc. - Discovering Gold in the Caribbean

Unigold is a Canadian based mineral exploration company traded on the TSX
Venture Exchange under the symbol UGD, focused primarily on exploring and
developing its gold assets in the Dominican Republic.


For further information, please visit www.unigoldinc.com.

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FOR FURTHER INFORMATION PLEASE CONTACT: 
Unigold Inc.
Mr. Andrew M. Cheatle, P.Geo
President & CEO
416.866.8157
[e-mail]


Unigold Inc.
Ms. Amanda Dillon
Investor Relations
416.866.8157
[e-mail]
www.unigoldinc.com