Unigold Intercepts 41 Metres of 1.44 g/t Gold, Extends Mineralization at the Candelones Project, Dominican Republic

Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to
announce continued positive results from the ongoing drilling program at the
Candelones Project, located within its wholly owned 22,616 hectare Neita
Concession, located in the Dominican Republic.


Assays have been received for drill holes LP24, LP25 and LP26 from the
Candelones Extension (Lomita Pina) zone. Significant results from hole LP26
include:




--  41.0 meters of 1.44 g/t gold from 312 to 353 metres. Full results
    reported in the table below. The Company has also released significant
    results of silver, copper and zinc coincident with reported gold values;
    these have the potential to add significant credits to the developing
    deposit. 



"We continue to demonstrate excellent continuity of significant gold
mineralization with hole LP26, which is located 100 m east of 'discovery hole'
LP17 and 200 m east of LP23," comments Andrew Cheatle, President and CEO. "I am
also excited about the fact that our geological team has identified significant
silver, copper and zinc credits in the deposit, which is now being
re-interpreted as having signatures of volcanic hosted massive sulphide
mineralization."


The Company has completed 26 holes to date at the Candelones Extension,
identifying gold mineralization over approximately a 1000 m x 400 m surface
area. Hole spacing to date has been on 100 m centers. Results from the
Candelones Extension are summarized in the table below. Note that holes LP1
through LP23 have been summarized in previous press releases, although without
silver and base metals values.


Table 1: Summary of Candelones Extension (Lomita Pina) Drill Holes 



----------------------------------------------------------------------------
Hole ID    From (m)   To (m) Interval (m) Au (g/t) Ag (g/t)  Cu (%)   Zn (%)
----------------------------------------------------------------------------
LP01           10.6     17.0          6.4     2.97     20.1    0.05     0.37
----------------------------------------------------------------------------
LP02           41.8     51.0          8.3     1.00     10.5    0.02     0.24
----------------------------------------------------------------------------
LP03                                           NSV      NSV     NSV      NSV
----------------------------------------------------------------------------
LP04           75.0     77.0          2.0     1.31      2.6    0.03     0.24
----------------------------------------------------------------------------
LP05           41.0     70.0         29.0     0.68      2.1    0.03     0.24
----------------------------------------------------------------------------
 including     41.0     50.0          9.0     1.03      0.8    0.02     0.05
----------------------------------------------------------------------------
LP06          139.0    141.0          2.0     0.61      0.8    0.01     0.09
----------------------------------------------------------------------------
LP07           99.0    144.0         45.0     1.58      3.3    0.03     0.35
----------------------------------------------------------------------------
 including     99.0    127.0         28.0     2.24      5.1    0.04     0.47
----------------------------------------------------------------------------
LP08          239.0    240.0          8.0     1.61     13.5    0.03     0.09
----------------------------------------------------------------------------
LP09           37.0     87.0         50.0     1.17      3.0    0.03     0.33
----------------------------------------------------------------------------
 including     37.0     72.0         35.0     1.50      3.3    0.02     0.28
----------------------------------------------------------------------------
LP10           95.0    159.0         64.0     1.36      2.6    0.03     0.44
----------------------------------------------------------------------------
 including     95.0    129.0         34.0     2.01      3.5    0.03     0.52
----------------------------------------------------------------------------
LP11          156.0    173.0         17.0     0.18      1.4    0.07     0.61
----------------------------------------------------------------------------
LP12           57.0     64.0          7.0     1.05      2.4    0.05     0.44
----------------------------------------------------------------------------
       and    163.0    164.0          1.0    26.20      5.1    0.29     0.05
----------------------------------------------------------------------------
       and    201.0    207.0          6.0     1.46      1.4    0.61     0.01
----------------------------------------------------------------------------
LP13           49.0     51.0          2.0     9.01      2.1    0.28     0.02
----------------------------------------------------------------------------
       and    129.0    183.0         54.0     0.40      1.2    0.09     0.44
----------------------------------------------------------------------------
 including    137.0    147.0         10.0     1.14      3.0    0.25     1.66
----------------------------------------------------------------------------
LP15          210.0    285.0         75.0     1.38      1.8    0.20     0.28
----------------------------------------------------------------------------
LP16           43.0     75.0         32.0     0.42      1.6    0.01     0.08
----------------------------------------------------------------------------
 including     57.0     67.0         10.0     0.76      1.5    0.02     0.12
----------------------------------------------------------------------------
LP17          252.0    361.0        109.0     1.73      2.5    0.17     0.03
----------------------------------------------------------------------------
 including    252.0    325.0         73.0     2.37      1.8    0.25     0.04
----------------------------------------------------------------------------
 including    325.0    363.0         36.0     0.44      4.0    0.00     0.01
----------------------------------------------------------------------------
LP18          200.0    260.0         60.0     1.30      0.6    0.04     0.35
----------------------------------------------------------------------------
 including    200.0    237.0         37.0     1.86      0.9    0.03     0.48
----------------------------------------------------------------------------
 including    239.0    242.0          3.0     1.01      0.4    0.04     0.37
----------------------------------------------------------------------------
LP19           96.0    120.0         24.0     0.37      0.5    0.03     0.06
----------------------------------------------------------------------------
LP20           60.0     80.0         20.0     2.74     16.8    0.13     0.49
----------------------------------------------------------------------------
 including     60.0     68.0          8.0     6.25     34.5    0.08     0.47
----------------------------------------------------------------------------
       and    121.0    158.0         37.0     1.48     20.1    0.11     2.07
----------------------------------------------------------------------------
LP21          233.0    263.0         30.0     0.97      4.9    0.13     0.42
----------------------------------------------------------------------------
LP22A         227.0    307.0         80.0     1.60    (iii)   (iii)    (iii)
----------------------------------------------------------------------------
 including    227.0    233.0          6.0     7.36    (iii)   (iii)    (iii)
----------------------------------------------------------------------------
LP23          191.0    261.0         70.0     2.10      3.2    0.18     0.14
----------------------------------------------------------------------------
 including    242.0    260.0         17.0     4.71      7.1    0.02     0.19
----------------------------------------------------------------------------
LP24           84.0     85.0          1.0    14.20      3.7    0.14     0.09
----------------------------------------------------------------------------
       and    240.0    285.0         45.0     0.17      0.5    0.01     0.10
----------------------------------------------------------------------------
LP25          155.0    158.0          3.0     0.58      1.1    0.04     0.42
----------------------------------------------------------------------------
LP26          312.0    353.0         41.0     1.44      0.6    0.05     0.03
----------------------------------------------------------------------------
       and    377.0    383.0          6.0     1.63      1.0    0.16     0.00
----------------------------------------------------------------------------
       and    415.0    418.0          3.0     2.87      1.6    0.17     0.00
----------------------------------------------------------------------------
 Note: True widths are estimated to be equal to drill intercept interval.   
       (iii) no ICP at reporting date                                       
       Hole LP 25 was drilled north of the IP target. LP 24 was located to  
       the NE of the IP target, and a distance from the recently reported   
       higher grade mineralization.                                         



Based on increasing geological knowledge of its Neita property, Unigold
interprets mineralization at Candelones as a large volcanic hosted massive
sulphide deposit ("VHMS"). Mineralization generally occurs near a stratabound
contact between lower Cretaceous andesite and dacite volcanics. The mineralized
zones have been tilted due to post-mineral tectonic activity. Unigold has mapped
the volcanic package as being part of the favourable Upper Cretaceous Tireo
volcanic sequence, that is believed to host the La Escandalosa (GoldQuest) and
La Miel - Haiti (Eurasian Minerals / Newmont) deposits. This prospective
formation and belt of mineralization is over 150 kms long, oriented NW-SE. The
Pueblo Viejo deposit (Barrick 60%/Goldcorp 40%) is along the same trend, with
proven and probable reserves of 314.5-million tonnes grading 2.48 g/t gold.
These favourable volcanic packages are interpreted as deposited in rifted
shallow basins (back arc) behind the extensive Greater Antilles island arc that
developed during the Cretaceous period near the subduction zone of the North
American Plate colliding with the Caribbean Plate. Unigold believes Candelones
has the potential for containing a world class economic gold deposit, with
significant credits for silver, copper and zinc. 


The mineralized zone is divided into Candelones and the Candelones Extension.
Drilling has indicated a potential strike length of three kilometres combining
the two zones. Candelones Extension has been Unigold's main focus since 2010,
with the program accelerating in late 2011 due to the recognition of a major
mineralizing system and successful financing. In 2011, Unigold completed an
Induced Polarization ground survey ("IP") over Candelones. The results defined
distinct chargeability anomalies that geologists interpret to high sulphide
content from deeper zones of mineralization. The recent drilling at Candelones
Extension was based primarily on high IP anomalies. Mineralized intercepts
coinciding with IP highs have been very significant, with thicknesses and grades
potentially increasing "down-dip" to the south. The IP highs appear to have a
direct correlation to mineralized core, which locally has greater than 15%
pyrite, along with lesser sphalerite and chalcopyrite. The Candelones Extension
zone remains open in all directions and at depth. 


In the late 1990's the Bureau de Recherche Geologiques et Minieres of France and
state owned company Rosario Dominicana completed the first drilling program at
Candelones, defining a significant deposit. Further drilling by Unigold between
2004 and 2009 resulted in very encouraging results over an area of approximately
400 m x 400 m, to a depth of 200 m. Mineralization is open in all directions
including at depth. Mineralization is locally exposed at surface at Candelones. 


The Company has designed a two phase exploration program, with the first phase
designed to expand Candelones Extension, and to define continuity between
Candelones and Candelones Extension. The Company has purchased and received in
country two new Atlas Copco CS-1000 drill rigs. The new drills are being
commissioned and production is expected to begin this week. The new drills will
complement the two existing dills on-site that will be receiving maintenance in
June and July. By July, Unigold plans to have four drills working on the
property. 


Core drilling is being done primarily with NQ. Samples are logged, split by wet
diamond saw, and half sent for assaying with the other half stored on site.
Sample lengths typically average one meter, but vary by geological boundaries.
QA/QC included inserting certified standards and blanks into the sample stream
at industry standard intervals. Samples are prepped by ACME Analytical Labs in
the Dominican Republic, with assaying performed through ACME's laboratory in
Santiago, Chile. Analytical procedures include a 36-element ICP-ES analysis (1E)
and a 50 g FA AA finish for gold (G6-50). Jim Robinson, C.P.G., Vice President -
Exploration of Unigold, and a Qualified Person under National Instrument 43-101,
has designed and supervised the program, and reviewed and approved the contents
of this press release. 


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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