News

Jun 10, 2013

Unigold Inc. - Closure of the IFC Subscription Agreement

TORONTO, Ontario, June 10, 2013 - Unigold Inc. ("Unigold") (TSXV:UGD)

Further to the announcement on May 29, 2013, Unigold Inc. is pleased to announce that it has satisfied all of the necessary conditions precedent under the subscription agreement with the International Finance Corporation ("IFC") and has now received funds of $5,000,000 for approximately 8.2% of the issued share capital. 20,000,000 new Common Shares in the Company have been issued. These shares are subject to a four month hold, expiring on October 11, 2013.

The issue price per Unit is $0.25 for a total purchase price of 5-million dollars. Upon the closing of the Financing there are 243,713,235 Common Shares outstanding.

In addition, the Company has granted IFC three quarters of a warrant per share subscribed for at a strike price of $0.50 per full warrant, with a 4 year term, with accelerator terms applicable to 50% of the warrants.

About Unigold Inc. - Discovering Gold in the Caribbean

Unigold is a Canadian mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, focused primarily on exploring and developing its gold assets, notably the Neita Property in the Dominican Republic.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. The IFC help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world's most pressing development challenges. For more information, visit www.ifc.org.

For Further Information please visit www.unigoldinc.com or contact

Mr. Andrew M. Cheatle, P.Geo.
President & CEO
acheatle@unigoldinc.com

Ms. Amanda Dillon
Investor Relations
adillon@unigoldinc.com
416.866.8157

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of Unigold in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.