SOURCE: Unico, Inc.

July 16, 2007 10:03 ET

Unico, Inc. Announces Additional Reconstruction Work at the Mill and Processing Facility at the Deer Trail Mine

Millwright Gives Final Approval to Operate Ball Mill

SAN DIEGO, CA--(Marketwire - July 16, 2007) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced additional reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. A new photo gallery showing the reconstruction work is expected to be added to the Media section of the Unico website, http://www.unicomining.com, in the next several days.

Jean Duvall, the millwright contracted to supervise improvements to the ball mill, has completed the final inspection on the ball mill. Mr. Duvall checked the alignment of the bull gear and pinion gears and made one last final inspection of the main trunion bearings before giving his final approval to operate the ball mill. Once the power has been connected, there will be a dry run, and after any necessary adjustments are made, the balls will be installed inside the ball mill.

Assembly of the thickener, which will primarily be used to thicken tailings, is in the final stages of completion. The thickener walls have been erected to their final height and have been completely welded including the angle iron stabilization rims. The thickener bridge, turning mechanism, rakes, decking, and stairways have all been installed. The majority of the safety railings have also been installed. The steel for the remaining railings has been delivered and installation is expected in the next several days. The overflow weirs have been fabricated, and once the weirs have been installed, the unit will be considered complete. Rust inhibitor paint will be applied before the thickener begins operating.

The piping and pump requirements for the flotation process are presently in the final calculation stages. The required pumps are either already on site or are immediately available for purchase. Installation of the pumps and piping will commence once the calculations are complete.

"The reconstruction work at the mill and processing facility at the Deer Trail Mine continues to progress at full pace, and the final inspection of the ball mill by our millwright, Jean Duvall, is an important step in preparing to operate the floatation process at the facility," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The anticipated completion of the thickener in the new mill building and the installation of the required piping and pumps in the floatation circuit will be additional milestones in the reconstruction process, and we look forward to seeing the remaining work completed so that operations at the Deer Trail facility can begin as soon as possible."

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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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