Unigold Inc. Announces Closing of Private Placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR
DISSEMINATION IN THE UNITED STATES


Unigold Inc. (TSX VENTURE:UGD) (the "Company" or "Unigold") is pleased to
announce the closing of its previously announced private placement of 11,200,000
common shares of the Company (the "Offered Shares") at a price of $0.45 per
Offered Share for aggregate gross proceeds of $5,040,000 (the "Offering"). The
Offering was undertaken by a syndicate of underwriters led by Dundee Securities
Ltd. and including Primary Capital Inc., Clarus Securities Inc., Casimir Capital
Ltd. and PowerOne Capital Markets Limited (collectively the "Underwriters").


As compensation for the services rendered in connection with the Offering, the
Underwriters received a cash commission in the aggregate amount of $302,400 and
were issued an aggregate of 672,000 non-transferable broker warrants of the
Company (the "Broker Warrants"). Each Broker Warrant entitles the holder thereof
to purchase one common share of the Company at a price of $0.45 per share at any
time until September 13, 2014. The net proceeds of the Offering will be used by
the Company to advance the exploration and development of the Company's gold
assets in the Dominican Republic and for general corporate purposes.


The Offering is subject to receipt by the Company of the final approval of the
TSX Venture Exchange. All securities issued under or in connection with the
Offering are subject to a hold period in Canada until January 14, 2013.


The securities described herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, or the securities laws of
any state and may not be offered or sold in the United States or to US persons
(as defined in Regulation S of the US Securities Act) unless an exemption from
registration is available.


About Unigold Inc. - Discovering Gold in the Caribbean

Unigold is a growth-oriented junior natural resource company, focused primarily
on exploring and developing its gold assets in the Dominican Republic - a
country which is highly prospective for gold mineralization.


Certain statements contained in this document, including statements regarding
use of proceeds and events and financial trends that may affect our future
operating results, financial position and cash flows, may constitute
forward-looking statements within the meaning of the Canadian securities laws.
These statements are based on our assumptions and estimates and are subject to
risk and uncertainties. You can identify these forward -looking statements by
the use of words like "strategy", "expects", "plans", "believes", "will",
"estimates", "intends", "projects", "goals", "targets", and other words of
similar meaning. You can also identify them by the fact that they do not relate
strictly to historical or current facts. We wish to caution you that such
statements contained are just predictions or opinions and that actual events or
results may differ materially. The forward-looking statements contained in this
document are made as of the date hereof and, except as otherwise required by
applicable securities laws, we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ materially from those projected in the forward-looking statements. Where
applicable, we claim the protection of the safe harbour for forward-looking
statements provided by the (United States) Private Securities Litigation Reform
Act of 1995.