SOURCE: Unico, Inc.

October 12, 2006 14:38 ET

Unico, Inc. Announces Agreement for Additional Labor to Complete Construction at Deer Trail Mill and Processing Facility

SAN DIEGO, CA -- (MARKET WIRE) -- October 12, 2006 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced an agreement to bring additional labor to the Deer Trail Mine property in Marysvale, Utah for the purpose of expediting construction of the mill and processing facility.

FMS, Inc., based in Huntington Station, New York, will provide a crew trained and experienced in all phases of construction. The crew is expected to arrive on site early next week, undergo required Mine Safety and Health Administration (MSHA) training, and begin work to complete construction at the site.

An initial focus of the crew will be a new building adjacent to the existing facility. Equipment for the new 50 by 100 foot building, which will house the thickener tanks and filtration, has arrived on site, including siding, doors and the steel structure, and additional material is expected to arrive before the construction crew is on site and has received its safety training.

"The agreement to bring in additional labor again signals our commitment to completing this facility as quickly as possible, while maintaining the highest safety and quality standards. We are pleased to have this additional resource at our disposal as we look to finish construction and begin processing operations," stated Mark A. Lopez, chief executive officer of Unico, Inc.

Once completed and operational, the mill and processing facility located at the Deer Trail property will begin to process stockpiled material and sell the concentrates in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation.

"Processing the existing above-ground material is expected to provide the Deer Trail Mining Company, LLC, Unico's wholly owned subsidiary, with a consistent, significant revenue stream. This will clearly be a substantial milestone, even while Unico continues its broader efforts to expand operations and realize the full value of its subsidiary mine holdings," added Mr. Lopez.

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About Unico, Inc.

Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit

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This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.

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