Mr. Joseph Del Campo reports

UNIGOLD INTERSECTS 34.9 METRES AVERAGING 6.19 G/T AU WITH 0.6% CU

Drilling at the Candelones Extension deposit, within Unigold Inc.'s 100-per-cent-owned Neita concession in the Dominican Republic, has expanded the massive sulphide mineralization initially reported on Jan. 25, 2016, and has identified a second massive sulphide zone below the initial discovery.

The massive sulphides are dominantly pyrite with lesser chalcopyrite. The first zone strikes northeast and dips 10 degrees south. Thickness varies from five metres on the edges (LP17) to over 30 metres in the centre (hole LP15-95), defining a lenticular profile. The initial lens of massive sulphide has been traced 85 metres along strike and 75 metres down dip. It is discordant to lithology and open along strike and up dip. Results for the four holes to date are summarized in the attached table.

       MASSIVE SULPHIDE MINERALIZATION -- CANDELONES EXTENSION
                                                             
Hole            From        To  Interval       Au         Cu   True width (1)
                  (m)       (m)       (m)     (g/t)       (%)             (m)

LP15-93        298.6     314.3      15.7      7.45       1.1            14.0
LP15-94        No massive sulphide -- truncated by faulting        
LP15-95        252.6     287.5      34.9      6.19       0.6            32.0
and (2)        309.9     314.0       4.1      7.31       1.1              NA
LP15-96        279.0     313.0      34.0      4.15       0.4            31.0
and (2)        324.0     333.0       9.0      4.81       0.7              NA

(1) True width is estimated based on current interpretation of the 
    attitude of the mineralization and the orientation of each drill hole. 
(2) True width is not known as there are insufficient data at this time 
    to estimate the attitude of this mineralization.

Joseph Del Campo, interim president and chief executive officer of Unigold, noted: "This is exactly the opportunity we hoped to capture with this systematic drill campaign testing for potential feeder zones or conduits that may have been missed by the common drill orientation and wide hole spacing of the historical drilling programs. Any higher gold-copper mineralization intersected in the historical drilling was largely untested for over 100 metres in every direction. We are certainly encouraged by these initial results and plan to continue systematically evaluating the selected target areas as planned."

The second zone of massive sulphide mineralization lies 10 metres to 30 metres below the first lens and has now been cut by two holes (LP15-95 and LP15-96). These holes are approximately 40 metres apart.

Hole LP15-94 targeted the massive sulphide mineralization approximately 20 metres down dip from hole LP17 (6.05 grams per tonne gold and 0.8 per cent copper over six metres). This hole failed to intersect the massive sulphide horizon. Extensive faulting was observed where the massive sulphide mineralization was anticipated suggesting that the downdip extent was truncated by faulting.

Hole LP15-95 was a scissor hole targeting the massive sulphide mineralization intersected in LPMET-01 (6.93 grams per tonne gold and 0.6 per cent copper over 22 metres). This hole was drilled to confirm the interpretation that LPMET-01 did not drill down dip. LP15-95 intersected 6.19 grams per tonne gold and 0.65 per cent copper over 34.9 metres of massive pyrite-chalcopyrite mineralization, identical to the mineralization in LPMET-01 and of similar grade. The company is confident that neither hole is drilled down dip or along strike. A second zone of massive sulphide was cut approximately 30 metres below the initial zone. It assayed 7.31 grams per tonne gold and 1.1 per cent copper over 4.1 metres. This second zone of massive sulphide mineralization was not intersected by holes LPMET-01, LP15-93 or LP17.

Hole LP15-96 targeted the massive sulphide horizon approximately 40 metres to the northeast of holes LPMET-01 and LP15-95. It intersected over 60 metres of massive to semi-massive sulphides, including 4.15 grams per tonne gold with 0.4 per cent copper over 34 metres. This intercept extends the strike of the massive sulphide lens to approximately 85 metres. As with LP15-95, a second massive sulphide zone was cut approximately 10 metres below the first massive sulphide zone, returning 4.81 grams per tonne gold and 0.7 per cent copper over nine metres.

All the drill holes intersected the typical, stratabound-type mineralization related to the andesite-dacite contact that was the focal point of historical drill campaigns. The stratabound mineralization surrounding the massive sulphide lens averages between 0.25 gram per tonne gold to 1.5 grams per tonne gold with low-grade copper (typically less than 0.2 per cent). The company did not systematically analyze the drill core for copper outside the massive sulphide intervals, so the copper content of the stratabound mineralization has not been quantified. The intercepts presented in the attached table include the intercepts presented in the previous table.

              STRATABOUND MINERALIZATION -- CANDELONES EXTENSION
                                                                  
Hole              From        To   Interval        Au          Cu   True width (1)
                    (m)       (m)        (m)      (g/t)        (%)             (m)

LP15-93 (2)      230.1     334.0      103.9       2.09        0.3            90.0
LP15-94          241.0     319.0       78.0       0.43         NA            78.0
LP15-95 (2)      236.1     321.0       84.9       3.74         NA            84.9
LP15-96 (2)      249.3     358.8      109.5       3.08         NA              99

(1) All drill holes are oriented to be roughly perpendicular to lithology, 
    and, as such, the true width equals the drilled length. 
(2) The interval reported is inclusive of all intervals reported in the 
    previous attached table in this press release.

The drill has been moved to target B, the second of three target areas selected for drilling. Drilling at target B shall follow up on the results obtained in hole LP28, where hole LP28 (16.4 grams per tonne gold and 2.6 per cent copper over 15 metres) associated with massive barite veining and quartz-barite-sulphide veining. The high-grade mineralization in LP28 lies approximately 200 metres to the southwest of the mineralization reported in this release.

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 laws 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 licence was renewed in 2012 and is in good standing.

Unigold has sufficient financing to meet the goals and objectives established for the current exploration program.

Quality assurance/quality control

Diamond drilling at the Candelones project utilizes both HQ-diameter and NQ-diameter tooling. Holes are established using HQ-diameter tooling before reducing to NQ-diameter tooling to complete the hole. The core is received at the on-site logging facility, where it is photographed, logged for geotechnical and geological data, and subjected to other physical tests, including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay, with the remaining half stored on site. A minimum sample length of 0.3 metre and a maximum sample length of 1.5 metres are employed, with most samples averaging one metre in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5 per cent to 10 per cent of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.'s laboratory in Vancouver, B.C., Canada. All samples are analyzed for gold using a 50-gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36-element multiacid ICP-ES analysis method.

We seek Safe Harbor.