SOURCE: Unico, Inc.

May 21, 2007 08:52 ET

Unico, Inc. Announces $1.7 Million Financing Commitment to Exercise Purchase Option on the Deer Trail Mine

$800,000 of Commitment Received by the Company

SAN DIEGO, CA -- (MARKET WIRE) -- May 21, 2007 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received a financing commitment for $1.7 million for the purpose of exercising the lease buy-out option on the Deer Trail Mine. The company has currently received $800,000 of this financing commitment in the form of a private placement investment.

The terms of the modified lease and option to purchase agreement for the Deer Trail Mine with Crown Mines, LLC, agreed to in April 2007, included an extension of the final payment due date for the remaining $1.7 million to purchase the Deer Trail Mine lease from January 31, 2007 to May 31, 2007.

"Securing the Deer Trail Mine as a long-term asset for both the company and its shareholders has been a high priority for the company, and we are pleased to have received a commitment for the entire remaining amount owed on the purchase option of the lease in advance of the due date," said Mark A. Lopez, chief executive officer of Unico, Inc.

"As our shareholders are well aware, the Deer Trail Mine has been a focal point for developing revenues and long-term value through the company's subsidiary operations. These efforts have included the reconstruction of the mill and processing facility at the Deer Trail Mine and exploratory drilling programs, particularly the underground diamond core drilling program conducted at the Deer Trail Mine in 2005. With activities of such significance centered around the Deer Trail Mine, meeting the terms of the modified lease and option to purchase agreement with Crown Mines has been an important focus, and we look forward to making the final payment by May 31st," Mr. Lopez added.

The reconstruction of the mill and processing facility at the Deer Trail Mine, which includes significant improvements designed to increase both the efficiency and capacity of the facility, is currently in the completion stage, and construction is underway on a new electrical substation that will supply power to the Deer Trail Mine, both for processing operations and other planned mining activities at the site.

Independent geological analysis of core samples taken from the underground diamond core drilling program conducted at the Deer Trail Mine in 2005 has been completed under the supervision and oversight of mining consultancy firm Behre Dolbear and Company (USA), Inc. The last group of samples were logged, split, bagged, and tagged at the Deer Trail site and have been shipped to the ALS Chemex lab in North Vancouver, British Columbia. A Final Summary Report will be completed and submitted to Unico by Behre Dolbear.

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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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