Toronto, Ontario, May 7, 2008
- Unigold Inc. ("Unigold" or the "Company") (TSX-V: UGD) wishes to announce that, due to increasing commitments abroad, Dr. Ibrahim Eitani has tendered his resignation as President and Chief Executive Officer of the Company. The resignation is effective as of June 1, 2008. The Company would like to thank Dr. Eitani for his assistance while serving as President and Chief Executive Officer and wishes him well in his future endeavours. Dr. Eitani will continue as a director of the Company and will be assisting in developing the Company's business in the Middle East Area along with promotional campaigns and seeking potential business opportunities which will add value to the Company.
The Company is pleased to announce the appointment of Mr. Daniel Danis as President and Chief Executive Officer to be effective as of June 1, 2008. Mr. Danis was the Company's Vice President, Exploration and Chief Operating Officer. He co-founded Unigold in 1997 and was instrumental in the acquisition of the Neita Property in the Dominican Republic. Mr. Danis has a B.SC. in Earth Sciences with speciality in geology from University of Quebec in Montreal in 1981 and M.Sc. in Earth Science with specialty in Geochemistry from the same university in 1985.
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 pittable, oxide gold deposits within a very similar geological setting to the world class Pueblo Viejo gold project located 150 kilometre 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 FURTHER INFORMATION, PLEASE CONTACT:
Daniel Danis, 450-667-4766
Web site www.unigoldinc.com
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