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Unity Energy Corp (2)
Symbol UTY
Shares Issued 12,177,493
Close 2014-04-16 C$ 0.18
Market Cap C$ 2,191,949
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ORIGINAL: Unity Energy to acquire U property in Athabasca basin

2014-04-17 11:50 ET - News Release

Received by email:

File: Camsell NR.pdf

                    #313-515 W est Pender Street, Vancouver, BC Canada V6B 6H5
                                     w w w . u n i t ye n e r g yc o r p . c o m



           UNITY ACQUIRES THE CAMSELL URANIUM PROJECT, NORTHER ATHABASCA BASIN

April 17, 2014 - Unity Energy Corp. (TSXV.UTY /Frankfurt - UJN) (the "Company") is pleased to announce
that it has entered into a property option agreement with an arms'-length vendor to earn a 100%
interest in the Camsell Uranium Project, located in the north western Athabasca Basin, on the north
shore of Athabasca Lake. The property, which covers an area of ~14,200 hectares, some 30km west of
Uranium City, SK, begins on the shoreline and extends some kilometers into Lake Athabasca.

In 2006, CanAlaska Uranium, examined the Camesll Project with a VTEM survey, with the intention of
identifying subsurface and basement conductors lying within magnetic lows. Unconformity depths at
Camsell are relatively shallow: between 0-250m. The current project area contains the highest priority
targets interpreted from that survey by Condor Consulting. The E Target Zone is described as "very
large" with "dimensions of approximately 26x17 km and is open along the eastern and southern
boundaries of the survey area." The target is comprised of "strong, medium and weak WZ conductors"
with most of the target zones correlating "with a broad magnetic low, with the western and northern
edges encroaching onto the flanks of a number of magnetic highs. The higher-conductivity sub-zones all
correlate with general magnetic lows." Because of the large overall size of the target zone, the strong
WZ conductors are separated out into sub-zones, which are relatively equi-dimensional and do not
appear to have a preferred strike direction. For example, sub-zone E-5, near the center of the larger
target zone, has dimensions of approximately 5x3 km and resistivities less than 200 ohm-m. The tops of
the conductors lie close to the predicted UC. It correlates with a general magnetic low. The most
conductive section of target zone, which has dimensions of approximately 3x3 km and lies close to the
edge of the Basin, had resistivities as low as 25 ohm-m. The top of the strong conductor (which was also
noted in a Mark VII airborne EM survey in 1978) lies approximately 300 m below the predicted UC within
this sub-zone, so either the UC deepens very abruptly at the edge of the Basin (fault?) or the conductor
does not extend to the UC surface. This sub-zone correlates with a generally low magnetic area.

The northern boundary of the project area hosts the Meadow Ridge Uranium Showing, which lies on the
peninsula of land that juts out from the north shore of Lake Athabasca to the northeast of Slate Island
and to the northwest of Charlot Island. The showing is located approximately 6 km west of Camsell
Portage. The geology of Slate Peninsula consists of north to northeast-trending, steeply east dipping,
Thluicho Group meta-greywackes that contain andesite flow and breccia interbeds. In 2004, Ashton and
Hunter re-mapped the showing host rocks as unit Tcw or Thluicho Lake Group Camsell Portage
Formation - Waterloo member sediments or grey, green, and red, fine-grained, thin-bedded, laminated
and ripple laminated, highly magnetic sandstones and siltstones. The meta-greywackes consist of thinly
bedded, interlayered mudstones, siltstones, marls and sandstone that are grey to brown in color and
 highly fractured. Both hematite and calcite occur as fracture fillings. Locally, the rocks exhibit ripple
marks and worm trail casts. The interbedded andesitic composition flows and breccias were deposited
contemporaneously with the above-described sediments. The repetitive nature of the volcanic event
that produced the andesite resulted in an interlayering of meta-greywacke and andesite. The meadow
Ridge radioactive zone, which produced scintillometer counts up to 6,200 cps, consists of fracture
controlled mineralization. Grab samples returned the following values:

           SAMPLE NUMBER           U3O8       CU         NI        Pb         Zn
                                   (ppm)    (ppm)      (ppm)     (ppm)      (ppm)
                S101-004             660      26         41        78         35
                S101-006             793      33         32        77         41
                S101-007            1214      46        131       128         58
                S101-008            505       10         29        59         55

Upon the receipt of regulatory approval, the Company can earn a 100% interest in the property by
paying $20,000 and issuing 1,000,000 common shares to the vendor. The company must make
additional payments totalling $550,000 over the next 42 months and complete $2,000,000 in
exploration expenditures on the property within 5 years. A 1% NSR has also been granted to the vendor,
which may be purchased by the Company for $1,500,000. This transaction is subject to regulatory
approval.

* Peter Born P.Geo., the Company's Qualified Person, has neither reviewed the original Meadow Ridge
sampling or assays. The assay values reported herein are not NI43-101 compliant and although were
prepared by what is assumed to be reputable professionals and are believed to be they cannot be relied
upon. These values are only relevant in assessing the potential type or mineralization that could exist
Geological and exploration information contained in this release is derived from sources believed to be
credible.

For more information, contact the Company at 604-681-0004 or visit www.unityenergycorp.com

On Behalf of the Board of Directors of Unity Energy Corp.


Anita Algie
Anita Algie B.Sc. Hon, President




Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 


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