Unigold Inc.
TSX VENTURE : UGD

Unigold Inc.

December 03, 2010 19:06 ET

Unigold Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2010) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) today announces the Board of Directors has granted 1.9 million options to certain directors, officers and consultants. The options have a 5 year term, are priced at $0.18 and 350,000 of such options are subject to vesting provisions which are contingent upon the completion of certain events.

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. Unigold benefits from a 16-year tax holiday on all corporate, sales taxes and import duties in the Dominican Republic. The economics of any discovery will be significantly improved by the tax holiday.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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