Mr. Joseph Hamilton reports

UNIGOLD ANNOUNCES ISSUANCES OF DSUS TO INDEPENDENT DIRECTORS AND INCENTIVE STOCK OPTIONS TO EMPLOYEES

Unigold Inc. has granted deferred share units (DSUs) to independent directors on account of certain director fees in lieu of cash. In addition, the company has granted incentive DSUs to independent directors. All DSUs will be priced at 20 cents.

Unigold also announces that the board of directors has approved the grant of incentive stock options to officers, employees and consultants of the company, allowing for the acquisition of an aggregate of up to 4.8 million common shares of the company, with an exercise price of 20 cents per share and an expiry date of Dec. 31, 2030.

The grants of options and DSUs were conducted pursuant and subject to the terms and conditions of the company's share incentive plans and TSX Venture Exchange policies. The DSUs will vest in accordance with the deferred share unit plan of the corporation, a copy of which is available on SEDAR+ under the Unigold issuer profile (see management information circular of Unigold dated as of June 3, 2022).