SOURCE: Unico, Inc.

May 29, 2007 09:24 ET

Unico, Inc. Announces Master Electrical Services Agreement to Meet Power Requirements at the Deer Trail Mine

SAN DIEGO, CA--(Marketwire - May 29, 2007) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that its wholly owned subsidiary, Deer Trail Mining Company, LLC, has entered into a Master Electrical Services and Facilities Improvements Agreement with electricity producer Rocky Mountain Power to meet all power and energy requirements at the Deer Trail Mine in Marysvale, Utah.

Included in the agreement is pricing for the supply of electrical power during both on-peak and off-peak hours and a design schematic showing the details of the planned interconnection between the existing Rocky Mountain Power substation and the new electrical substation currently being constructed at the Deer Trail Mine site. Construction of the new substation is being undertaken with the assistance of Cache Valley Electrical (http://www.cve.com/), one of the largest electrical contractors in the western United States.

Upon executing the agreement, Deer Trail Mining Company also made a payment of $24,481.50 as an advance on the improvements to the new substation. Under terms of the agreement, the improvements include the installation of fuses for proper protection coordination, a transmission interconnection to the new substation, the installation of a one-way gang operated airbreak switch for a single disconnect point for both substations, and installation of secondary metering for the new delivery point with a communication link.

Deer Trail Mining Company made a previous payment of $25,000 under its Engineering Services Agreement with Rocky Mountain Power, and this amount will be applied toward the balance due on the improvements to the new substation.

The agreement has a 10-year term following the completion date of the improvements and Rocky Mountain Power's initial delivery of electrical power to the Deer Trail Mine substation facility. A feasibility study contracted by Deer Trail Mining Company and conducted by Rocky Mountain Power, determined that up to 2.5 megawatts of power could be supplied to the Deer Trail Mine through the new substation. An estimated 1.5 megawatts is needed to run the mill and processing facility at the Deer Trail Mine, and the excess power capacity would allow for future upgrades to the system to include power for mining at the Deer Trail property or other Unico claims in the area.

"This agreement for master electrical services and facilities improvements is a significant step in the completion phase of the connections necessary to power the mill and processing facility, and we are pleased to have signed this contract with Rocky Mountain Power," said Mark A. Lopez, chief executive officer of Unico, Inc. "One of the primary reasons for the construction of a new electrical substation at the Deer Trail Mine was that the company would incur significantly reduced power costs as a result, and the pricing schedule for electricity included in this agreement certainly justifies our efforts to build the new substation.

"We look forward to the completion of the substation and the interconnections required for the operation of the mill and processing facility at the Deer Trail Mine," 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 also announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.

Forward-Looking Statements

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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