SOURCE: Unico, Inc.

March 20, 2008 09:08 ET

Unico, Inc. Announces Updated Reconstruction Progress and Additional Equipment Testing at the Deer Trail Mill and Processing Facility

Reconstruction Work and Testing Targeted at New Mill Building Prior to Completion

SAN DIEGO, CA--(Marketwire - March 20, 2008) - Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced additional progress of reconstruction work and additional equipment testing at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.

A new photo gallery showing the additional reconstruction work is expected to be added to the Media section of the Unico website, http://www.unicomining.com, in the next several days.

The reconstruction work included testing of the Eimco filter in the new mill building. The electrical has been connected to the filter. During testing it was noted that the lower gearbox seals were leaking gear oil, so new seals are being ordered and will be installed immediately after arrival onsite. The scrapers that help in removing material from the filter disc have been replaced. Currently, the filter sectors are being aligned to help keep them square and plumb during operation.

The electrical connections to the filtrate pumps that will be used to circulate the water that passes through the filter sectors from the mill tailings and floatation concentrate have been completed. New belts and pulley have been installed on one of the pumps. Both filtrate pumps have been tested, after which it was determined that they were mechanically sound to operate. The piping that transports the filtrate water back to the recycled water tanks is currently being installed.

A new electrical panel built by Energy Management Corporation (http://www.emcsolutions.com) of Salt Lake City has been commissioned. The panel includes ten variable frequency drives (VFDs) and is being utilized to operate numerous pumps and equipment throughout the new mill building. The VFDs will allow the company to set into sequence key components such as the Eimco filter and the thickened tailings being pumped from the thickener. In addition to providing additional flexibility, the variable frequency drives are expected to produce long-term energy savings.

Electrical connections to the thickener, which will be primarily used to thicken tailings, are currently being made, as is the testing of the lifting and rake mechanisms. The pump that will be used to transport thickened tailings to the Eimco filter has been purchased and delivered. The necessary piping is currently being installed.

The two ten thousand gallon tanks that will be used to hold the recycled water that overflows from the thickener and the water from the filtrate pumps have been tested for leaks, and all leaks have been welded closed. The pump that will be used to distribute recycled water throughout both buildings has been installed and the electrical connections completed. Testing is slated to begin in the next several days.

"There has been considerable progress in the equipment start-up testing and reconstruction work in the new mill building since our last update," commented Mark A. Lopez, chief executive officer of Unico, Inc. "As work continues in both mill buildings, we will provide additional updates on our reconstruction progress and equipment testing at every opportunity as we get closer to completing the mill for processing operations at the site."

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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 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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