Mr. Joseph Hamilton reports

UNIGOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF $146,600

Unigold Inc. has completed a non-brokered private placement of 1,832,500 units of the company at a price of eight cents per unit for gross proceeds of $146,600. 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.

No finders were paid in connection with this closing of the offering. The proceeds from the offering will be used to finance the company's continued permitting and development on its Neita Sur concession in the Dominican Republic, and for general working capital purposes. All securities issued under the offering are subject to a four-month hold period. The offering is subject to final acceptance of the TSX Venture Exchange.

We seek Safe Harbor.