SOURCE: Unico, Inc.

June 06, 2007 09:22 ET

Unico, Inc. Announces Initiation of Process to Complete Purchase of the Deer Trail Mine

32 Patented Mining Claims and 171 Unpatented Mining Claims Are Subject to the Purchase Agreement

SAN DIEGO, CA--(Marketwire - June 6, 2007) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the process of transferring ownership of the Deer Trail Mine from Crown Mines, LLC has been initiated and the company expects to complete the purchase of the property once the necessary agreements have been executed.

Legal representatives from Unico, Inc. and Crown Mines, LLC are working to complete several necessary documents related to the purchase, including a purchase agreement, a bill of sale and a quitclaim deed to effect the transfer of ownership of the Deer Trail Mine property.

The mining lease and option to purchase between Unico, Inc. and Crown Mines, LLC, dated December 12, 2001, was adjusted through a first modification of mining lease and option to purchase, dated May 31, 2004, a second modification of mining lease and option to purchase, dated April 21, 2006, a third modification of mining lease and option to purchase, dated November 1, 2006, and a fourth modified lease and option to purchase agreement in April 2007, which provided for a due date of May 31, 2007 for Unico, Inc. to exercise its purchase option.

Under the agreement, Deer Trail Mining Company, LLC has the right to acquire the mining claims located in Marysvale, Utah, which consist of 32 patented mining claims and 171 unpatented mining claims, as well as mill sites, dumps and other transferable rights contained in the agreement.

The claims covered in the purchase agreement total approximately 3,275 acres, or 5.12 square miles, and include workings known as the Deer Trail Mine, the PTH Tunnel and the Carisa and Lucky Boy Mines. The PTH Tunnel penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver. The initial Deer Trail claims date back to 1870.

"We are extremely pleased to have initiated this process to consummate the purchase of the Deer Trail Mine from Crown Mines, LLC and to secure this property as a long-term asset for the company," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We plan to provide an update reporting the status of the purchase and the expected transfer of ownership of the property once the paperwork is completed and the transfer of title occurs. The company is not only excited to get to this stage, but is also looking to finalize the transaction, so it can move forward with its future plans for the project. We appreciate the coordination of efforts taken from all sides to make this happen."

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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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