Unigold Inc.

Unigold Inc.

October 01, 2015 14:56 ET

Unigold Announces New Director Appointment and Grants Stock Options

TORONTO, ONTARIO--(Marketwired - Oct. 1, 2015) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) today announced that Mr. Ruben Padilla has been appointed to the Board of Unigold Inc.

Mr. Padilla has 25 years experience working on target generation, project evaluations, mining geology, and management of exploration programs with various companies mostly focused on the Americas. He holds a geological engineering degree from the University of Chihuahua in Mexico and a Master and PhD degrees from the University of Arizona. Currently a chief geologist of Talisker Exploration Services Inc., an Ontario based mining and exploration services company co-founded by Mr. Padilla in 2010, whose principal clients are Osisko Gold Royalties and their associated companies. Mr. Padilla worked and completed important research at La Escondida deposit in Chile where he identified a blind target related with a younger porphyry event today known as the Escondida Este deposit. With AngloGold Ashanti he acted as exploration country manager in Peru and in Colombia and as Chief Geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia.

"We are excited to make this addition to the Board," said Mr. Joseph Del Campo, Interim President and CEO. "Ruben will be a valuable resource as Unigold resumes its exploration program this fall."

Unigold also announces that the Board of Directors have granted in aggregate 1,550,000 stock options to members of the Board, consultants and management. The options have an exercise price of $0.10, have a term of five years and vest immediately.

About Unigold Inc.

Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, focused primarily on exploring and developing its gold assets in the Dominican Republic.

For Further Information please visit www.unigoldinc.com.

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