News

Dec 03, 2010

Unigold Grants Stock Options

Published: December 03, 2010

TORONTO, Ontario, December 3, 2010: Unigold Inc. ("Unigold" or the "Company") (TSX-V: 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.

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.

About Unigold Inc.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Daniel Danis, Chief Executive Officer (+1 (416) 866-8157)
Web site: www.unigoldinc.com
Email:

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.