SOURCE: Unico, Inc.

March 03, 2006 12:02 ET

Unico, Inc. Appoints Wayne Ash to Oversee Operations at Deer Trail Mine

SAN DIEGO, CA -- (MARKET WIRE) -- March 3, 2006 -- Unico, Incorporated (OTC BB: UNCN) today announced that company president Wayne M. Ash has been appointed to oversee operations at the company's Deer Trail Mine in Marysvale, Utah. Mr. Ash will supervise and manage all operations at the Deer Trail Mine and focus the majority of his initial attention on the completion of the mill and processing facility at the Deer Trail site to establish this operation as a revenue center for the company.

Completion of the mill and processing facility are a priority for Unico, due to the fact that once this facility is complete, the company can begin processing current stockpiles of precious metal bearing ore and sell the concentrates to generate revenue for the company in the near term.

Mr. Ash will oversee all construction and engineering activity in upgrading the mill site to increase the company's production levels and build consistent revenue streams. One of his initial tasks will be to complete the re-design of the existing mill and begin production on a large-scale basis. He will work in conjunction with the Deer Trail Mining Company, LLC, Unico's wholly owned subsidiary, to begin immediate processing of stockpiled ore, as well as overseeing the reporting and communication with various government departments, which is required for the set-up and operation of the mining and milling operations. Once this work is complete, Unico can begin fulfilling the company's intent to ensure regular production shipments of its gold, silver, lead, zinc and copper concentrates to smelters. Mr. Ash will also supervise metallurgical and assay laboratory facilities and on-site metallurgical test work.

In addition to the specific focus on completion of the mill and processing facility, Mr. Ash will direct mineral exploration programs, arrange drilling programs on the property, and hire, train and direct current and future employees for both Unico and Deer Tail Mining Company.

A graduate of the Haileybury School of Mines and Michigan Technological University with a Bachelor of Science degree in Mine Engineering, Mr. Ash has extensive experience in the mining industry. As president of Ash & Associates Consulting, Ltd., he evaluated over one hundred mineral prospects and potential mining properties in Canada, the U.S., Latin America, and Asia. Mr. Ash previously served as vice president for a mining firm for which he consulted in many phases of the mineral industry for approximately thirty companies on projects in Canada, U.S., and Central America. His experience in mining companies runs the gamut and includes positions as manager of operations, manager of engineering, chief mining engineer, exploration project manager, underground shift boss, mine planning engineer, safety engineer, training development engineer, and mine project engineer.

"We are extremely pleased that Mr. Ash has accepted his new role within the company and is so excited about the project at the Deer Trail Mine, Unico's showcase property," stated the company's chief executive officer Mark A. Lopez. "Mr. Ash's expertise in the mining industry speaks for itself, and he will be starting immediately on this project. We believe that Mr. Ash will take the company to the next level of success with his hands-on approach. As evidenced by his recent comments on metals pricing, Mr. Ash is clearly inspired with the potential of this project."

At Unico's recent Special Meeting of Shareholders, Mr. Ash discussed changes in metals prices over the past three years and how the increases in the value of gold, silver, lead and zinc and copper have changed the profitability outlook for Unico.

"The prices for virtually all of these metals have significantly increased over the last three years, with the most dramatic increases in silver, lead and copper," commented Mr. Ash. "Most notably, the increases in the prices paid for lead, copper and zinc have positioned them as new profit centers for Unico, and we look forward to begin making shipments of concentrates from the Deer Trail facility so that the revenue potential from our stockpiles can be realized."

About the Company

Unico Inc. is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine the Bromide Basin Mine and the Silver Bell Mine.

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.

Contact Information

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