SOURCE: Unico, Inc.

March 13, 2008 09:00 ET

Unico, Inc. Announces Progress of Recent Reconstruction Work and Additional Equipment Testing at the Mill and Processing Facility at the Deer Trail Mine

SAN DIEGO, CA--(Marketwire - March 13, 2008) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced recent progress of reconstruction work and additional equipment testing at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.

A new multimedia gallery, including photographs and video showing the reconstruction work, is expected to be added to the Media section of the Unico website,, in the next several days.

After additional testing of the Gallagher floatation cells in the main mill building, work has been completed to replace the bearings and cooling fans on three of the electrical motors and the bearings on one agitator.

During the testing of the Denver floatation cells, it was determined that the air supply piping had deteriorated over time and would need to be replaced. The new piping has been delivered and is currently being installed. The testing also determined that the electrical motor on one of the agitators was faulty, and it has been replaced with a new premium efficient WEG motor.

Piping for the re-cycled water circuit in the existing mill building has been completed, and the recycled water will be used as make-up water throughout the facility. Testing of the recycled water circuit is scheduled to begin within the week.

During testing of the feeder belts on the fine ore bins, it was determined that new idlers were necessary. The new idlers have now been delivered and installed. Testing also determined that the speed of the ball mill feed conveyor's were running too fast and would have resulted in extreme belt wear. Additional gear reducers were installed to reduce the speed of the feed conveyors. The upgraded system now allows for more control over the feed to the ball mill, which will assist in processing different types of ore.

With the additional start-up testing of equipment in the main mill building, the electrical circuits have been tested and minor corrections are currently being made.

The previously used balls for the ball mill were sorted for size, and the smallest, which were deemed inadequate, were rejected, as they would have hampered the grind kinetics. Balls that meet specifications were installed in the mill. An additional four tons of four-inch balls are needed for operation of the ball mill to begin and are being ordered for delivery to the site.

Additional ball mill testing was conducted, and it was found that the parameters for the new electric motor had to be adjusted by Energy Management Corporation (, from which the motor was purchased. All costs for re-adjustment are covered under warranty and will be conducted by Energy Management Corporation at no cost to Deer Trail Mining Company. The readjustment is scheduled to coincide with the installation of a newly acquired electrical panel this week.

Two additional large storage tanks were installed in the main mill building, in order to provide the facility with overflow flotation concentrate capacity, and will allow the company to run the filter vacuum pump on an intermittent basis for further conservation of energy. The tanks have been successfully tested for leaks and are ready for operation.

"It has been several weeks since our last news release related to the reconstruction work and equipment start-up testing at the mill and processing facility at the Deer Trail Mine. Since additional work has been completed, we wanted to update shareholders on our progress at the site," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The adjustments that have been made in the main mill building as a result of start-up testing will contribute to more efficient and effective operations once processing operations are initiated. We expect to have additional updates on work completed in the new mill building in the coming days."

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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. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit

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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