SOURCE: Unico, Inc.

February 16, 2007 09:06 ET

Unico, Inc. Announces Additional Progress Update in Completion Phase of Reconstruction of the Mill and Processing Facility at the Deer Trail Mine

SAN DIEGO, CA -- (MARKET WIRE) -- February 16, 2007 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced additional developments in the reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Progress includes work in the main mill building, in the new building that will house the filtration and thickener, and on the new electrical substation that will provide power to the mill and additional activities at the mine.

Several large steel tanks have been purchased from Questar Gas, the local natural gas provider, and installed in the new mill building. These tanks can be used in the floatation circuit to re-circulate water from the tailings. Construction of the thickener in the new building is ongoing and the lighting has been ordered with delivery expected next week.

In the main mill building, safety guards that cover the main drive pulleys and ring gear have been fabricated and installed, all in accordance with MSHA (Mine Safety and Health Administration) requirements.

BNA consulting is finalizing the blueprints for the new substation and construction is expected to begin shortly. With the completed blueprints, the ground will be prepared and leveled and a concrete foundation will be poured for the main transformer, which is now ready for delivery to the site.

"We have been extremely fortunate and have experienced good weather conditions this winter at the Deer Trail Mine," said Mark A. Lopez, chief executive officer of Unico, Inc. "Since the beginning of the year, there has been consistent progress on the reconstruction of the mill and processing facility, and the recent work in both the main mill building and the new building have taken us further through the completion phase of this project.

"As we continue to complete our work in those buildings, we will also focus considerable attention on the construction of the new substation, which will provide power to our reconstructed mill and help it to run in a more cost-effective manner. We are pleased with this progress and look forward to reporting additional milestones in the next several weeks," 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 www.unicomining.com.

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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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