Unigold Inc.
TSX VENTURE : UGD

Unigold Inc.

September 22, 2011 09:15 ET

Andrew Cheatle to Join Unigold as President and CEO

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Unigold Inc. (TSX VENTURE:UGD) is pleased to announce that Mr. Andrew Cheatle, P.Geo, MBA, ARSM, will be joining the Company as president and Chief Executive Officer. Mr. Cheatle will assume the responsibilities of CEO shortly. He will be appointed to the Board of Directors at that time.

Mr. Cheatle is a Professional Geoscientist with over 25 years of mineral extraction, development, consulting, and exploration experience in the gold sector with senior and junior mining companies and an international consultancy. He has previously held numerous senior management positions with Anglo American Corporation and JCI Limited. As Chief Geologist with Goldcorp Inc./Placer Dome Inc he successfully led a team that significantly expanded the Musselwhite Mine's mineral reserves and resources leading to strategic mine development and expansion. Recently, Mr. Cheatle has held senior and executive positions in the junior gold exploration sector and as a Principal Geologist with AMEC plc. Mr. Cheatle holds a MBA from Capella University (USA) and a B.Sc. (Hons) in Geology from the Royal School of Mines, Imperial College, University of London. He is also a Councillor and member of the Association of Professional Geoscientists of Ontario and a Fellow of the Geological Society of London.

The Board thanks Mr. Danis for his outstanding contributions advancing Unigold to where it is now working on an initial NI 43-101 compliant mineral resource estimate. As previously announced, Mr. Daniel Danis, P.Geo, M.Sc. will be resigning as President and CEO. Mr. Danis was one of the founders of Unigold Inc. and will remain on the Board of Directors. He will also provide consulting services that utilize his 10 years of experience with the Neita deposit and his contacts in the Dominican Republic.

About Unigold

Unigold is a growth-oriented junior natural resource company focused primarily on exploring and developing a large land position in the Dominican Republic which is highly prospective for gold mineralization.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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