UGD Unigold Inc

Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to
announce that it has entered into an agreement (the "Consent Agreement") with
Malbex Resources Inc. ("Malbex") (TSX VENTURE:MBG) whereby Unigold has provided
its consent to the acquisition of Americana de Explotaciones Mineras S.R.L.
("Americana") by Malbex. Americana holds the concession on the 13,386 hectare
Los Guandules Verdes property (the "Property") located in the Municipalities of
Elias Pina and Dajabon, Dominican Republic, directly south of Unigold's Neita
property. Unigold had previously entered into an option agreement with Americana
giving it the right to acquire either the concession comprising the Property or
all the issued and outstanding equity interests in the capital of Americana.


In exchange for Unigold consenting to the acquisition, Malbex has agreed to: (i)
issue to Unigold 13,000,000 common shares in the capital of Malbex (the "Malbex
Shares"); and (ii) grant to Unigold a 2% net smelter returns royalty in respect
of all minerals produced from the Property (the "NSR"). Half of the NSR may be
repurchased by Malbex for $1,000,000 which would leave Unigold with a royalty
equal to 1% of net smelter returns. Additional consideration of 5,000,000 common
shares of Malbex will be issued to Unigold in the event that Malbex, within the
period commencing on the date upon which Americana is issued the concession
agreement in respect of the Property and ending five years thereafter,
delineates 2,000,000 ounces of gold from the Property on a National Instrument
43-101 compliant basis in the measured and/or indicated mineral resource
categories. All such common shares of Malbex which may be issued to Unigold
pursuant to the Consent Agreement will be subject to a hold period which will
run for a period of four months from the time of the issue of such common
shares.


The closing of the transaction contemplated by the Consent Agreement remains
subject to the final approval of the TSX Venture Exchange and the shareholders
of Malbex. In addition, the issuance of the Malbex Shares and the grant of the
NSR are conditional on the closing of the acquisition and the issuance to
Americana of the concession agreement in respect of the Property. The
transaction involves non-arm's length parties. Malbex is considered a non-arm's
length party of Unigold as a result of the fact that Joseph Andrew Hamilton is a
director of each of Unigold and Malbex.


Unigold's Board of Directors has decided to consent to the acquisition of the
Property by Malbex as it is a non-core holding. "This deal is strategic for
Unigold and allows our shareholders to participate through the 13-million
shareholding in any discovery at Los Guandules. We are also very pleased to have
helped attract a new exploration company, Malbex, to the Dominican Republic,"
comments Andrew Cheatle, President and CEO Unigold. "Unigold is appropriately
focused on exploring and developing the over 21 identified high quality and high
priority targets on Neita, including the Candelones and Candelones Extension
discoveries."


Premier Mining Destination - Dominican Republic

The Dominican Republic is host to world-class gold and base metal mines and
deposits. The government supports development and exploration in the mining
sector. In addition, the country has well-established mining and environmental
laws. Unigold's wholly-owned flagship property, Neita, is compliant with all
mineral and environmental requirements and work is conducted to internationally
accepted environmental and social standards. The Neita concession exploration
license was renewed in 2012 and is in good standing.


Unigold is well-funded with approximately $8.0-million in cash. 

About Unigold Inc. - Discovering Gold in the Caribbean

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


For further information, please visit www.unigoldinc.com.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Unigold Inc.
Mr. Andrew M. Cheatle, P.Geo
President & CEO
416.866.8157
acheatle@unigoldinc.com


Unigold Inc.
Ms. Amanda Dillon
Investor Relations
416.866.8157
adillon@unigoldinc.com
www.unigoldinc.com

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