UGD Unigold Inc

Unigold Inc. (TSX VENTURE:UGD) ("Unigold" or the "Company") announced today the
adoption by its Board of Directors of a Shareholder Rights Plan (the "Plan"),
similar to those adopted by other Canadian corporations. Given the Company's
exploration results to date on its Neita property in the Dominican Republic, the
Board is of the view the prospects of the Company are not adequately reflected
in the trading price of the Company's common shares. The Plan is being adopted
to address the Board's concern that current securities legislation does not
provide sufficient time for the Board and shareholders of the Company to
properly evaluate an unsolicited bid for control or to pursue alternatives with
a view to maximizing shareholder value. The Plan also seeks to ensure that all
shareholders of the Company would have an equal opportunity to participate in
the benefits of a takeover bid.


The Plan does not attempt to discourage bids. It allows a potential bidder to
make a "permitted bid" directly to the shareholders of the Company without the
prior approval of the Board. Such permitted bid must be made to all shareholders
and must remain open for a minimum period of 60 days after the date of the bid
and for a further period of 10 business days after the offeror publicly
announces that the shares deposited constitute more than 50% of the outstanding
common shares held by independent shareholders. The Plan also allows for a
"competing permitted bid" to be made while the permitted bid is in existence.


To implement the Plan, the Board of Directors of the Company has authorized the
issue of one Right in respect of each outstanding common share of the Company,
to holders of record at 5:00 p.m. (Toronto time) on January 30, 2013.


The Plan is effective immediately, but is subject to approval. The Plan requires
ratification of shareholders at a meeting to be held within six months of
adoption and reconfirmation at least every three years thereafter, failing which
the Plan shall terminate and be of no further force or effect. Initial
shareholder ratification of the Plan will be sought at the Company's annual and
special meeting expected to be held in Toronto in late spring of 2013. A copy of
the Plan will be available at www.sedar.com.


Neither the Board nor management of Unigold is aware of any pending or
threatened take-over bid.


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.

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


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

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