Unigold Inc.
TSX VENTURE : UGD

Unigold Inc.

May 01, 2012 13:24 ET

Unigold Strengthens Executive Team

TORONTO, ONTARIO--(Marketwire - May 1, 2012) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce that Mr. Jim Robinson, CPG, BSc. has joined the Company as Vice President Exploration. Mr. Robinson is a Professional Geologist with over 30 years of experience devoted towards the exploration and development of precious metals deposits. He has held several senior management and executive positions with junior to mid-tier companies with a focus on epithermal gold deposits in Latin America.

"We are delighted that Jim has joined Unigold," commented Andrew Cheatle, President and CEO. "He brings with him extensive experience in the management of exploration programs at greenfield through development levels. Jim will also play an important role in advancing our exploration, definition and development activities as Unigold grows the value of our exploration assets. He will be very focused on delivering our initial NI 43-101 compliant mineral resource and successfully establishing a strong project pipeline from the many areas of gold, copper and zinc anomalies identified over the entire 22,600 Ha Neita property."

Mr. Robinson will be taking charge of the exploration programs in progress and will be responsible for the development and implementation of exploration and delineation policies, processes, procedures and controls related to the exploration and development of existing and potential new projects.

Mr. Robinson is a qualified person as defined by National Instrument 43-101. He is a Certified Professional Geologist (CPG #10705) and a member of the American Institute of Professional Geologists, a professional association and designation recognized by the Canadian regulatory authorities.

In connection with his appointment, Unigold Inc. has granted Mr. Robinson 500,000 options at a price of $0.30 per share and a term of five years. 250,000 of the stock options vest immediately, the balance after one year. This grant is made pursuant to the Company's stock option plan.

About Unigold Inc. - Discovering Gold in the Caribbean

Unigold is a growth-oriented junior natural resource company, focused primarily on exploring and developing its gold assets in the Dominican Republic - a country which is highly prospective for gold mineralization.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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