Unigold Inc. reported initial results from infill drilling at the Candelones Main zone has intersected grades and widths consistent with the historical drill results confirming over 3 km of strike length of mineralization, at Candelones, within the company's 100% owned Neita Concession in the Dominican Republic. CFI 03 35.0 metres averaging 1.91 g/t Au with 15.4 g/t Ag; CFI 04 18.3 metres averaging 1.23 g/t Au with 2.5 g/t Ag; CFI 05 51.0 metres averaging 1.64 g/t Au with 0.8 g/t Ag; and CFI 06 60.9 metres averaging 0.88 g/t Au with 0.2 g/t Ag. The Candelones Main zone, the initial gold discovery within the Company's 22,600 hectare Neita Concession, is located approximately 700 m west of the Candelones Extension zone. Exploration drilling at the Candelones Main zone dates back to 1997 and over 140 holes is completed to date. Drilling was completed on section lines spaced approximately 50 m apart with holes spaced from 50 to 100 m along each section. Results have outlined a mineralized zone over a 600 metre strike length. The mineralization sub-crops and dips from 40 to 50 degrees to the northeast. Drilling has traced the mineralization to a down dip extent of approximately 200 to 300 m and the mineralization varies in thickness from several metres to several tens of metres, with gold grades averaging between 0.5 to 2.5 g/tonne. The upper 20 to 30 m of the mineralized horizon is highly to moderately oxidized. Previous metallurgical test work from the Candelones Main Zone, completed in 2007, indicated gold recovery within the oxide horizon in excess of 95% based on direct cyanidation tests of an oxide composite collected from the Candelones Main zone. Regional mapping at 1:5000 scale has been completed over the Montazo, Guano and Naranjo (MGN) target areas that lie entirely within the Neita Concession. Mapping has identified dacite tuff(s) in contact with overlying andesite as well as significant silicic and argillic alteration assemblages. Gold mineralization at Candelones is closely associated with similar lithologies and alteration assemblages suggesting the MGN area is highly prospective for additional gold discovery. An initial fence of eight drill holes were laid out approximately 10 m southeast of Section I and 40 m northwest of Section H at the Candelones Main zone. Drilling provides both HQ and NQ diameter core for sampling. Holes are typically started with larger diameter HQ core and the hole diameter is reduced to NQ at depth. Samples are logged, split by wet diamond saw, and half sent for assaying with the other half stored on site. Sample lengths typically average 1 m, but vary by geological boundaries. Continuous chip samples from trenches are typically 3 m to 5 m in length. QA/QC included inserting certified standards and blanks into the sample stream at industry standard intervals. Samples are prepped by ACME Analytical Labs in the Dominican Republic, with assaying performed through ACME's laboratory in Santiago, Chile. Analytical procedures include a 36-element ICP-ES analysis (1E) and a 50 g FA AA finish for gold (G6-50).

Unigold Inc. reported that drilling continues to expand the Candelones 'Extension Zone', at the Company's wholly owned 22,600 hectare Neita Concession in the Dominican Republic. The significant results from holes LP 68 and LP 71 extend mineralization 50 metres to the north on anomaly B at the Candelones Extension zone. These results confirm that mineralization is still open to the north and to the west and to see the mineralization close to surface in hole LP 68. The latest results continue to extend the northwestern extent of the Candelones Extension zone. The Candelones Extension has been drill tested along a 1,600 metre strike length to a down dip extent over 300 metres. The gold mineralization varies from several metres up to over 100 metres from holes designed to intersect the mineralization at right angles. The Candelones Extension has been defined through a series of sections spaced 100 metres apart with holes collared at 50 to 100 metre intervals along each section. The mineralization subcrops at surface and dips gently to the southeast. The current drill program continues to trace the northwestern edge of the Candelones Extension zone in an effort to determine the full extent of the gold mineralization. Hole LP 69, was collared approximately 100 metres south east of hole LP 57 (Section N, PR No. 2013-03- 77.5 m @ 1.43 g/t Au), failed to intersect any significant values within a weakly altered dacite tuff that was intersected 450 metres from surface. LP 69 intersected what is interpreted to be the favourable contact between andesite and dacite tuff at a depth approximately 350 metres below the mineralization intersected in hole LP 57. Holes LP 54, 70 and 71 are all drilled on the same section (Section O). Holes LP 54 (No Significant Values - not previously reported) and LP 70 (No Significant Values) were collared 100 and 300 metres respectively, to the southeast of hole LP 61 (PR No. 2013-06 - 70.7 m @ 0.37 g/t Au). LP 71, collared 60 metres northwest of LP 65 (PR No. 2013-09 - 159.5 @ 0.64 g/t Au), intersected 43.0 m @ 1.08 g/t Au at a depth of 97 metres from surface. The Company believes the mineralization is structurally displaced to the northwest and further drilling is planned to confirm this interpretation. Hole LP 68 (Section P) intersected 94.8 metres averaging 1.33g/t Au at a depth of 48 metres from surface. This hole was drilled approximately 60 metres northwest of hole LP 66 (PR No. 2013-09 - 155.0 m @ 1.14 g/t Au).

Unigold Inc. reported that drilling continues to expand the Candelones 'Extension Zone', at the company's wholly owned 22,600 hectare Neita Concession in the Dominican Republic. The results from the Extension zone continue to return positive results as the Company expands the Extension zone to the northwest towards the Candelones Main zone mineralization. Hole LP 65 intersected 159.5 m @ 0.64 g/t Au at a depth of 60 metres from surface, approximately 50 metres northwest of hole LP 61 (UGD PR 02-13-13 - 70.7 m @ 0.37 g/t Au). Hole LP 66 intersected 155.0 m @ 1.14 g/t Au at a depth of 40 metres from surface. LP 66 was collared approximately 60 metres northwest of hole LP 62 (UGD PR 02-13-13 -103.0 @ 1.45 g/t Au). Hole LP 67, drilled 60 metres northwest of hole LP 60 (UGD PR 02-13-13 - 40.5 m @ 0.48 g/t Au), intersected 105.2 m @ 0.35 g/t Au at a depth of approximately 100 metres from surface. Holes LP 63 and LP 64, 100 and 200 metres southwest of hole LP 66 respectively, intersected pervasive, low grade mineralization approximately 150 metres from surface. These holes are the most northwesterly holes returned to date and the presence of low grade gold mineralization continues to suggest potential to further expand the Candelones Extension to the northwest. To date, results from 67 holes testing the twin Induced Polarity (IP) anomalies of the 'Extension Zone' have been received with 85% (57) of the holes intersecting significant mineralization. The mineralization ranges from 20 to 200 metres (down hole interval length) and average 0.25 to 2.5 g/t Au (a maximum of 3.81 g/t Au found in hole LP 28) with associated Ag, Cu and Zn. The Candelones Extension is being expanded on a nominal 100 x 100 metre grid pattern and has been traced along a 1,600 metres strike length to a depth of 300 metres. The Candelones Extension remains open along strike to the northwest and southeast and at depth. The Company continues to actively drill the Candelones Main, Connector and Extension zones representing a potential mineralized strike length of 3 km. A Request for Proposal (RFP) has been issued to qualified, independent consultants to estimate the initial mineral resource for the Candelones Main, Connector and Extension zones. Award of this work is anticipated by May 2013. The company has deployed field teams to evaluate the Montazo, Guano, Naranjo (MGN), Juan del Bosques and Rancho Pedro target areas, located entirely within the Neita Concession, approximately 7.0 kilometres east of Candelones. Numerous gold in soil and copper in soil anomalies were identified in the regional geochemical soil sampling programs. In addition, more than 20 IP anomalies have been identified for field verification, many of which are coincident with the aforementioned soil geochemical response. Company geologists have confirmed that the lithologies and alteration assemblage hosting gold mineralization is present at MGN and field mapping and sampling is underway in preparation for initial drill testing of prioritized targets.