Mr. Joseph Hamilton reports

UNIGOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF $1,568,000

Unigold Inc. has completed a non-brokered private placement of 19.6 million units of the company at a price of eight cents per unit for gross proceeds of $1,568,0000. Each unit consists 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' fees 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.

Insiders of the company subscribed for units under the offering, as shown in the attached table.

Each subscription by an insider is considered to be a related party transaction for purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and Policy 5.9, Protection of Minority Security Holders in Special Transactions, of the TSX Venture Exchange. Pursuant to MI 61-101, the company will file a material change report providing disclosure in relation to each related party transaction on SEDAR+ under the company's issuer profile. The company did not file the material change report more than 21 days before the expected closing date of the offering as the details of the offering and the participation therein by each related party of the company were not settled until shortly prior to the closing of the offering, and the company wished to close the offering on an expedited basis for sound business reasons. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization, and no securities of the company are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the company is exempt from minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization.

Results of annual general and special meeting of shareholders

The annual general and special meeting of shareholders of the corporation was held on June 24, 2025. All resolutions, including the election of directors, the appointment of the auditor of the corporation and the approval of the share incentive plan, were passed by the shareholders represented at the meeting.

We seek Safe Harbor.