UGD Unigold Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Unigold Inc. (TSX VENTURE:UGD) (the "Company") is pleased to announce that it
has entered into a letter of engagement with Dundee Securities Ltd. (the "Lead
Underwriter") together with a syndicate of underwriters including Primary
Capital Inc., Clarus Securities Inc., Casimir Capital Ltd. and PowerOne Capital
Markets Limited (the "Underwriters") under which the Underwriters have agreed to
purchase, on a "bought deal" private placement basis, 11,200,000 common shares
of the Company (the "Shares") at a price of $0.45 per Share for total gross
proceeds of $5,040,000 (the "Offering").


In connection with the Offering, the Underwriters will receive a cash commission
equal to 6.0% of the gross proceeds raised under the Offering and that number of
non-transferable broker warrants as is equal to 6.0% of the number of Units
sold. Each Broker Warrant will be exercisable into one common share of the
Company, for a period of 24 months from the Closing Date at a price of $0.45 per
common share.


The Offering is scheduled to close on or about September 13, 2012. All
securities issued will be subject to a four month hold period. The Offering is
subject to a number of conditions, including, without limitation, receipt of all
regulatory approvals.


The net proceeds will be used to advance the exploration and development of the
Company's gold assets in the Dominican Republic and for general corporate
purposes.


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.


Forward-Looking Statements

Certain statements contained in this document, including statements regarding
events and financial trends that may affect our future operating results,
financial position and cash flows, may constitute forward-looking statements
within the meaning of the federal securities laws. These statements are based on
our assumptions and estimates and are subject to risk and uncertainties. You can
identify these forward-looking statements by the use of words like "strategy",
"expects", "plans", "believes", "will", "estimates", "intends", "projects",
"goals", "targets", and other words of similar meaning. You can also identify
them by the fact that they do not relate strictly to historical or current
facts. We wish to caution you that such statements contained are just
predictions or opinions and that actual events or results may differ materially.
The forward-looking statements contained in this document are made as of the
date hereof and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ materially
from those projected in the forward-looking statements. Where applicable, we
claim the protection of the safe harbour for forward-looking statements provided
by the (United States) Private Securities Litigation Reform Act of 1995.

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