Mr. Joseph Hamilton reports

UNIGOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $2,000,000.

Unigold Inc. has arranged a non-brokered private placement of up to 25 million units of the company at a price of eight cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 12 cents until four years following the date of issue.

The proceeds from the offering will be used to finance the company's continued exploration and development on its Neita concession in the Dominican Republic and for general working capital purposes.

Finders' fees may be paid in connection with the completion of the offering in accordance with TSX Venture Exchange policies.

Closing of the offering may be completed in multiple tranches and is subject to certain closing conditions, including, but not limited to, conditional approval from the TSX-V and receipt of any other required regulatory approvals. The securities being offered under the offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of issue.

About Unigold Inc.

Unigold is a Canadian-based mineral exploration company traded on the TSX-V under the symbol UGD, on the OTCQB exchange under the symbol UGDIF and on the Frankfurt Stock Exchange under the symbol UGB1. The multimillion-ounce Candelones gold deposits are within the 100-per-cent-owned Neita Fase II exploration concession located in Dajabon province in the northwest part of the Dominican Republic. The company delivered a feasibility study for the oxide portion of the Candelones deposit in Q4 2022. The company applied to split the Neita Fase II concession into an exploitation concession and an exploration concession in late February, 2022. The application for the 9,990-hectare Neita Sur concession has moved smoothly through various permitting stages and the company expects that a decision will be given on the application in the second quarter of 2024. The 10,902-hectare Neita Norte exploration concession was awarded to the company in Q2 2023. Unigold has been active in the Dominican Republic since 2002 and remains the most active exploration company in the country. The two concessions together form the largest single exposure of the volcanic rocks of the Cretaceous Tireo formation. This island arc terrain is host to volcanogenic massive sulphide deposits, intermediate-sulphidation and high-sulphidation epithermal systems, and copper-gold porphyry systems. Unigold has identified over 20 areas within the concession areas that host surface expressions of gold systems. Unigold has been concentrating on the Candelones mineralization and is moving to bring these deposits into production.

We seek Safe Harbor.