Unigold Inc.
TSX VENTURE : UGD

Unigold Inc.

January 25, 2010 14:30 ET

Unigold Appoints Two New Board Members

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2010) -

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Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD)(NASDAQ-DUBAI:UGD) today announces the appointment of Mr. Charles Page and Mr. Joseph Hamilton to its Board of Directors.

"The expansion of Unigold's Board of Directors ensures the company will continue to benefit from a diversity of skills, experience and opinions. Their breadth of experience, geological knowledge and technical expertise in gold exploration is extremely valuable to the company" says Daniel Danis, President and CEO of Unigold Inc.

In addition to being a Professional Geologist, Mr. Page has acted as senior officer, director and CEO for several publicly traded junior resources companies and currently is President and CEO of Queenston Mining Inc. Over the past 30 years, Mr. Page has developed, organized and implemented major exploration projects in several mining camps in Canada and in the Republic of Cuba. He is familiar with all aspects of exploration from grass-roots projects to feasibility studies, production and mine closure. His primary geological expertise is in Precambrian gold and base metal, epithermal gold, porphyry copper-gold and disseminated gold deposits. He is also a director of Thundermin Resources Inc. and Alexandria Minerals Corporation.

Mr. Hamilton is a Professional Geologist with over 14 years of mineral exploration experience in addition to over seven years as a mining analyst in the investment industry and three years experience in mining development. He was previously the Interim co-CEO at Noront Resources and the Chief Executive Officer of African Copper plc between 2005 and 2008. Mr. Hamilton is currently the Chairman of Noront Resources Ltd., a director of Mirabela Nickel Limited, a director of Malbex Resources Inc. and a director of GA Capital Corp. In addition to being a P.Geo. in Ontario, Mr. Hamilton is a Chartered Financial Analyst, a member of the CFA Institute and a member of the Institute of Corporate Directors.

The Company also announces that it has granted stock options to Directors, Officers and Consultants of the Company to purchase an aggregate of 4,685,000 common shares of the Company at an exercise price of $0.26 per common share for a period of five years from the date of grant, pursuant to the Company's stock option plan.

About Unigold Inc.

Unigold Inc. is exploring to find and develop gold deposits on its 100-per-cent-owned 226 km2 Neita Property located in the Dominican Republic. Having the largest land package in the Dominican Republic, the goal is to target bulk tonnage, open pit-able, oxide gold deposits within a very similar geological setting to the world class Pueblo Viejo gold project located 150 kilometres to the south-east. The economics of any discovery will be significantly improved by the fact that Unigold is benefiting from an 18-year holiday on all corporate taxes, sales taxes and import duties in the Dominican Republic.

For more information about Unigold Inc. or to receive regular updates from Investor Relations please sign up at: www.unigoldinc.com.

Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy", "expects", "plans", "believes", "will", "estimates", "intends", "projects", "goals", "targets", and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this document are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbour for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.

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