New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$75.7m market cap, or US$55.6m). Announcement • Apr 15
Unigold Inc., Annual General Meeting, Jun 22, 2026 Unigold Inc., Annual General Meeting, Jun 22, 2026. Recent Insider Transactions Derivative • Apr 07
Chairman & CEO exercised options to buy CA$425k worth of stock. On the 31st of March, Joseph Hamilton exercised options to buy 1m shares at a strike price of around CA$0.30, costing a total of CA$300k. This transaction amounted to 36% of their direct individual holding at the time of the trade. Since June 2025, Joseph's direct individual holding has increased from 3.66m shares to 3.79m. Company insiders have collectively sold CA$186k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 22
Insider recently sold CA$91k worth of stock On the 19th of March, Charles Page sold around 225k shares on-market at roughly CA$0.40 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$97.3m market cap, or US$71.2m). Announcement • Feb 26
Unigold Inc. announced that it has received CAD 1.47006 million in funding Unigold Inc. announced a non-brokered private placement of 8,167,000 units at a price of CAD 0.18 per unit for gross proceeds of CAD 1,470,060 on February 25, 2026. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.22 for two years following the date of issue. The transaction included participation from individual investors, Andrés Marranzini for 3,111,100 units and Juana Barcelo for 3,888,900 units. No finders were paid in connection with this closing of the offering. All securities issued under the offering are subject to a four-month hold period. The offering is subject to final acceptance of the TSX Venture Exchange. Announcement • Feb 20
Unigold Inc. Announces Changes in Board Unigold Inc. announced the appointment of Ms. Juana Barcelo and Mr. Andrs Marranzini to its Board of Directors. Ms. Barcelo is an experienced business and legal executive with over 15 years of leadership in mining and corporate affairs across Latin America and the Caribbean. Most recently, she served as President/Country Manager of Barrick Pueblo Viejo, a joint venture between Newmont and Barrick and one of the top gold mines in the world, where she supervised the permitting process for the Pueblo Viejo Mine's expansion project in the Dominican Republic. In addition, Ms. Barcelo held the role of Executive Director of Government Affairs, Central America and the Caribbean for Barrick Gold Corporation. Juana has been listed twice among the Top 100 Global Inspirational Women in Mining. Mr. Marranzini is a lawyer and currently the Chief Executive Officer of Punta Bergantn Development, where he is leading one of the most significant tourism and real estate developments in the Caribbean. Early in his career, Andrs worked as Legal Counsel and Chief of Staff for the Ministry of the Environment and Natural Resources before serving as Deputy Minister of Youth, Deputy Minister of Labour and finally as Administrative Deputy Minister to the President. Over the past 15 years, Mr. Marranzini has practiced private law and served as Executive Director of the National Hotel & Restaurant Association in the Dominican Republic. His focus is on sustainable growth, investment structuring, and strategic public-private partnerships within the Dominican Republic. Mr. Jose Francisco Arata, Mr. Charles Page and Mr. Normand Tremblay have announced their resignation from the Board of Directors concurrent with these appointments. Management and the Board of Directors of Unigold would like to extend their sincere appreciation for the many years of dedicated service and guidance provided by these directors, who helped steer the Company through some of its most challenging moments and position it for future success as it moves to develop the Candelones Deposits in the Dominican Republic. New Risk • Nov 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$54.1m market cap, or US$38.6m). Announcement • Sep 04
Unigold Inc. announced that it has received CAD 0.14 million in funding Unigold Inc. announced a non brokered private placement of 1,400,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 140,000 on September 3, 2025. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.16 until two years following the date of issue. No finders fees were paid in connection with this closing of the Offering. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange. New Risk • Aug 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$41.9m market cap, or US$30.5m). Announcement • Jun 25
Unigold Inc. announced that it has received CAD 1.568 million in funding Unigold Inc announced a non brokered private placement to issue 19,600,000 at an issue price of CAD 0.08 for the proceeds of CAD 1,568,000 on June 24, 2025. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.12 until four years following the date of issue. No finders fees were paid in connection with this closing of the offering. All securities issued under the offering are subject to a four-month hold period. The transaction is subject to stock exchange approval. The transaction includes the participation of Osvaldo Oller for the 1,750,000. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Osvaldo Oller was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Unigold Inc. announced that it has received CAD 0.1466 million in funding On May 7, 2025, Unigold Inc. has closed the transaction. The company announced it has issued 1,832,500 units of the Company at a price of CAD 0.08 per Unit for gross proceeds of CAD 146,600.Each Unit will consist of one common share of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.12 until four years following the date of issue. No finders were paid in connection with this closing of the Offering. . All securities issued under the offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange. Announcement • May 07
Unigold Inc. announced that it expects to receive CAD 0.15 million in funding Unigold Inc. announced a non-brokered private placement of up to 1,875,000 units at an issue price of CAD 0.08 per Unit for gross proceeds of up to CAD 150,000 on May 6, 2025. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.12 until four years following the date of issue. Finder's fees may be paid in connection with the completion of the Offering in accordance with TSX Venture Exchange policies. Closing of the Offering may be completed in multiple tranches and is subject to certain closing conditions including, but not limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The securities being offered under the Offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of issue. Announcement • Apr 16
Unigold Inc., Annual General Meeting, Jun 24, 2025 Unigold Inc., Annual General Meeting, Jun 24, 2025. Announcement • Feb 21
Unigold Inc. announced that it has received CAD 0.29315 million in funding Unigold Inc. announced that it has completed a non-brokered private placement on February 20, 2025. The company has issued 3,664,374 units at a price of CAD 0.08 per Unit for gross proceeds of CAD 293,150. Each unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.12 until four years following the date of issue. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange. New Risk • Nov 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (CA$15.1m market cap, or US$10.8m). New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.93m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (CA$15.1m market cap, or US$11.2m). New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.3m (US$8.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.3m market cap, or US$8.91m). Minor Risk Shareholders have been diluted in the past year (7.3% increase in shares outstanding). New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (CA$16.5m market cap, or US$12.0m). Announcement • Jun 06
Unigold Inc. announced that it has received CAD 1.49345 million in funding On June 5, 2024, Unigold Inc. closed the transaction. The company announced that 18,668,125 units at a price of CAD 0.08 per Unit for gross proceeds of CAD 1,493,450. No finders were paid in connection with this closing of the Offering. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange. The transaction included participation from individual investor Tormand Tremblay for 200,000 units. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.12 until four years following the date of issue. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.8m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$16.8m market cap, or US$12.3m). Announcement • Apr 13
Unigold Inc., Annual General Meeting, Jun 24, 2024 Unigold Inc., Annual General Meeting, Jun 24, 2024. Agenda: General & Special Meeting. Announcement • Mar 22
Unigold Inc. announced that it expects to receive CAD 2 million in funding Unigold Inc. announced a non-brokered private placement of up to 25,000,000 units of the company at a price of CAD 0.08 per unit for the gross proceeds of CAD 2,000,000 on March 22, 2024. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.12 until four years following the date of issue. Finder's fees may be paid in connection with the completion of the offering in accordance with TSX Venture Exchange policies. Closing of the offering may be completed in multiple tranches and is subject to certain closing conditions including, but not limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The securities being offered under the Offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of issue. New Risk • Feb 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$14.1m market cap, or US$10.4m). New Risk • Sep 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.6m free cash flow). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (CA$14.1m market cap, or US$10.3m). Announcement • Aug 30
Unigold Inc. Announces That the Board of Directors Has Appointed Sr. Osvaldo A. Oller to the Board of Directors Unigold Inc. announced that the Board of Directors has appointed Sr. Osvaldo A. Oller to the Board of Directors of the Company. Sr. Oller is the Vice Chairman of Domicem S.A., a state-of-the-art cement company operating in the Dominican Republic and the Caribbean. Sr. Oller sits on the Board of Directors of ENADOM which built and operates the Eastern Gas Pipeline in the Dominican Republic. The Eastern Gas Pipeline supplies LPG gas to the Quisqueya 1 (Barrick Gold) and Quisqueya 2 (EGE Haina) Power plants. Sr. Oller is also a Board member and Partner in ENERGAS, a leading electricity generator and supplier in the Dominican Republic. Sr. Oller is a graduate of Louisiana State University with a degree in Chemical Engineering. New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$14.1m (US$10.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$182k). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (CA$14.1m market cap, or US$10.6m). Announcement • May 17
Unigold Inc. announced that it has received CAD 3.85 million in funding On May 16, 2023, Unigold Inc. closed the transaction. The company has issued 32,107,500 units at an issue price of CAD 0.08 for the gross proceeds of CAD 2,568,600 in the second and final tranche. The included participation from director of the company insider Joseph Hamilton for 1,057,500 units. All securities issued under the Offering are subject to a four-month hold period. The transaction is subject to final acceptance of the TSX Venture Exchange. No finders were paid in connection with this closing of the transaction. The company has issued 48,125,000 units at an issue price of CAD 3,850,000 in the transaction. Announcement • May 04
Unigold Inc. announced that it expects to receive CAD 4.25 million in funding Unigold Inc. announced a private placement of up to 53,125,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 4,250,000 on May 3, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.30 until the date that is the earlier of: one year following the date of issue, or 30 days after the date on which the company gives notice of acceleration, which notice may be provided no earlier than four months and twenty-one days from the date of issue if the closing price of the common shares on a stock exchange in Canada is higher than CAD 0.60 per common share for more than 20 consecutive trading days. The finder fees may be paid in connection with the completion of the offering in accordance with TSX Venture Exchange policies. The closing of the offering will be subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The offering will have a hold period ending on the day that is four months and one day following its distribution date. Announcement • Feb 18
Unigold Inc., Annual General Meeting, Apr 25, 2023 Unigold Inc., Annual General Meeting, Apr 25, 2023. Announcement • Feb 16
Unigold Inc Announces Resignation of Gordon Babcock as Chief Operating Officer Unigold Inc. announced that Mr. Gordon Babcock has resigned as the Chief Operating Officer of the Company. Mr. Babcock will continue in his current duties until the middle of March. Announcement • Nov 11
Unigold Inc. Provides Results of Independent Feasibility Study for Mineral Projects on its 100% Owned Candelones Oxide Project in Dominican Republic Unigold Inc. provided results of an independent Feasibility Study prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects on the Company's 100% owned Candelones Oxide Project in the Dominican Republic. This Study was prepared for Unigold by Micon International Limited and other industry consultants. The following "qualified persons" contributed to the Study, each of whom has reviewed and approved the content of this news release. The oxide mineral reserves and resources for the Candelones project are summarized in Tables 6 and 7. The Study is based on the oxide mineral resources, estimated by Mr. W. Lewis, P.Geo. and Mr. A. San Martin, MAusIMM (CP) and the oxide mineral reserves, estimated by Mr. Abdoul Aziz Dramé,P.Eng. all of whom are employees of Micon. Micon is independent of Unigold and Messrs. Lewis, San Martin and Dramé each meet the requirements of a "Qualified Person" as established by NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards for Mineral Resources and Mineral Reserves (May 2014). The effective date of the mineral reserve estimate is October 7, 2022. The effective date of the mineral resource estimate is August 8, 2022. A Technical Report summarizing the estimation methodology and procedures will be published on SEDAR and the Company's website within 45 days. Announcement • Nov 02
Unigold Inc. announced that it has received CAD 1.1 million in funding Unigold Inc. announced a non-brokered private placement of 13,750,000 units at an issue price of CAD 0.08 per unit for gross proceeds of CAD 1,100,000 on November 1, 2022. Each unit consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.30 until the date that is the earlier of one year following the date of issue or 30 days after the date on which the Company gives notice of acceleration, which notice may be provided no earlier than four months and twenty-one days from the date of issue if the closing price of the Common Shares on a stock exchange in Canada is higher than CAD 0.60 per common share for more than 20 consecutive trading days. No finders’ fees were paid in connection with this closing of the transaction. The securities issued under this private placement are subject to a four-month hold period until March 1, 2023. The transaction is subject to final acceptance of the TSX Venture Exchange. Announcement • Oct 18
Unigold Announces Advancement of Exploitation Permitting and Provides Corporate Update Unigold Inc. announced that the application for the Nieta Sur Exploitation concession has moved to the next stage of review. The Dirección General de Minería (“DGM”), a department of the Ministerio de Energía y Minas (the “Ministry”), has completed their technical review of the application which included public announcements, perimeter verification, landowner reviews, technical and economic evaluations of the project design and basic environmental reviews. The DGM has forwarded the application to the Ministry with a positive recommendation. This marks a significant step in the permitting process. The Ministry will complete legal reviews and will draft resolutions that will be forwarded to the Executive Branch of Government for final approval. The first step in achieving commercial production at the Candelones oxide deposits is to receive an Exploitation Licence over a portion of the Neita Concession. The application and supporting documentation were filed with the appropriate government organizations on February 25, 2022. The granting of an Exploitation Licence would give Unigold the sole right to extract metallic minerals from a 9,990 hectare concession area for a 75-year period. This application has successfully passed through all review processes at the Dirección General de Mineria. The Company expects to continue to work closely with government authorities to expedite the issuance of the Exploitation Licence. Baseline environmental work is substantially complete. Once the Exploitation Licence has been granted, the Ministerio de Medio Ambiente y Recursos Naturales (“MEMARENA”) will confirm and forward the Terms of Reference (“ToR”) for the Environmental and Social Impact Assessment (“ESIA”). The Company will have more clarity on this part of the permitting process by the end of November. The Feasibility study for the Oxide portion of the Candelones deposits is awaiting final pit designs, production schedules and a final cashflow model. The Company will be able to release the results of feasibility level engineering, including updated capital and operating cost estimates, when the engineering teams have completed their work. Although inflation will undoubtedly impact both operating and capital cost estimates, the PEA utilized Q2/2021 numbers such that the company expects any impact to minimal. Unigold anticipates that the economic results as released in the 2021 PEA can be achieved in the Feasibility Study. The Company expects to release the feasibility study including a resource/reserve estimate for the oxide portion of the deposit in the next four weeks. Announcement • Sep 14
Unigold Inc. announced that it has received CAD 1.584 million in funding On September 12, 2022, Unigold Inc. closed the transaction. The company issued a total of 19,800,000 Units at a price of CAD 0.08 for gross proceeds of CAD 1,584,000 in the transaction. The company announced that it has issued 2,300,000 units for proceeds of CAD 184,000 in its second and final tranche closing. No finders were paid in connection with this closing. All securities issued under the tranche are subject to a four-month hold period. Announcement • Jul 27
Unigold Inc. announced that it expects to receive CAD 1.6 million in funding Unigold Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 1,600,000 on July 26, 2022. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.30 until the date that is the earlier of one year following the date of issue, or 30 days after the date on which the company gives notice of acceleration, which notice may be provided no earlier than four months and twenty-one days from the date of issue if the closing price of the common shares on a stock exchange in Canada is higher than CAD 0.60 per common share for more than 20 consecutive trading days. Closing of the offering may be completed in multiple tranches and is subject to certain closing conditions including, but not limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The securities being offered under the offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the date of issue. Price Target Changed • Apr 27
Price target decreased to CA$0.45 Down from CA$0.90, the current price target is provided by 1 analyst. New target price is 329% above last closing price of CA$0.10. Stock is down 63% over the past year. The company posted a net loss per share of CA$0.052 last year. Announcement • Mar 03
Unigold Inc. Provides an Update on Activities At Its 100% Owned Neita Concession in the Dominican Republic Unigold Inc. provided an update on activities at its 100% owned Neita concession in the Dominican Republic. The first step in achieving commercial production at the Candelones oxide deposits is to receive an Exploitation Licence over a portion of the Neita Concession. The application and supporting documentation were filed with the appropriate government organizations on February 25. The granting of an Exploitation Licence would give Unigold the sole right to extract metallic minerals from the 9,990 hectare concession area for a 75-year period. Simultaneously, the Company has submitted applications to retain the remaining portions of the Neita Phase 2 Concession under a new 5-year exploration licence. The Company expects to work closely with government authorities to expedite the issuance of the Exploitation Licence. While the government reviews this application, the Company intends to work in parallel to deliver a Feasibility Study and advance in the baseline data collection for an Environmental and Social Impact Assessment (“ESIA”), both of which should be delivered in Third Quarter of this year. The Company has received the final results from large diameter (3.75 m by 0.525 m) metallurgical column tests utilizing Run-of-Mine (“RoM”) oxide material which commenced in the middle of 2021. The latest test program confirmed that the RoM Oxide mineralization at Candelones is amenable to heap leaching and approximately 95% gold recovery can be expected over 90 days using the reagent concentrations assumed in the PEA. Reducing the reagent concentrations by 40% demonstrated a 91% recovery after 106 days with reagent consumptions 20% lower than the PEA estimate. Leaching was still active when the testing was terminated. These reflect material improvements over the PEA estimates. In Q4/2021 and Q1/2022, the Company completed 43 holes totaling 1,292 meters within the oxide resource limits with the objective of converting Inferred Oxide Resources to Measured and Indicated Resources. Over 90% of the holes intersected strongly oxidized intervals of dacite breccia. Most of observed oxide mineralization starts at surface and extends to depths ranging from 5 to 40 meters. The company has received results for 12 holes to date, all of which confirm the grades estimated in the current Mineral Resource. The Company remains confident that a substantial portion of the Inferred resource may be converted to the Measured and Indicated category, and these will be incorporated into mine scheduling and ultimately into the feasibility study. The Company will provide further information once all assays have been received. Detailed topographic surveys of the conceptualized oxide project site have been completed. Geotechnical work to assess the plant and pad placements has commenced under the supervision of Tierra Group International Ltd. Tierra Group will have responsibility for the final feasibility-level engineering of the Heap Leach Facility for the Candelones Oxide Project. Following completion of the geotechnical and surveying work, the upgrading of inferred material and utilizing the results of the column testing, the Company will engage appropriate consultants to finalize a feasibility study with sufficient detail to support project financing discussions. The Company expects this report to be released in Third Quarter of 2022. Announcement • Aug 18
Unigold Inc. Intersects 16.0 Metres Averaging 10.78 G/T Au in New Zone to the West of the Candelones Resource Unigold Inc. reported its drill results from exploration drilling at its 100% owned Neita concession in the Dominican Republic. LP21-204 and LP21-206 were collared 50 metres west of the Candelones Extension resource envelope. The holes were drilled as part of an exploration program testing the along strike extensions of mineralization into sparsely drilled areas. The mineralization at Candelones was likely continuous during its formation but has been displaced by post-mineral faulting that parallels the island-wide north-westerly tectonic fabric. The recognition of this structural displacement led directly to these intersections and has opened up a large area to the north-west that remains undrilled. LP21-204 and LP21-206 were collared 50 metres west of the Candelones Extension resource envelope and drilled from the same platform with LP21-206 undercutting the other drillhole by about 50 metres. The upper hole, LP21-204, intersected a zone of intermediate epithermal barite-quartz alteration that carried significant gold, silver and sphalerite. The newly discovered mineralization appears to be sub-vertical, similar to the other high-grade epithermal systems drilled at Candelones. Work on the Candelones Oxide starter project continues. Metallurgical testing of run-of-mine composite material through large diameter leach columns is in progress. Follow-up drilling is planned to convert the inferred resources within the oxide starter pit to indicated status in advance of commencing feasibility work. Compilation work has highlighted other potential sources of sub-cropping oxide mineralization and field crews are evaluating these additional sources through surface mapping, sampling and trenching. The Company has retained domestic and international consultants to assist with the development of an Environmental Impact Assessment for the Candelones mineralization. Weather stations have been installed to monitor baseline conditions throughout the rainy season. The company is continuing with the Community Engagement process that started in 2020. The company's efforts for the remainder of this year will focus on shortening the permitting timelines around the oxide project as the company complete final metallurgy and look to starting detailed engineering and definitive feasibility studies. Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 metres and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 metres in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5%-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C.Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method. Announcement • Aug 11
Unigold Inc. announced that it has received CAD 3.275006 million in funding On August 10, 2021, Unigold Inc. closed the transaction. The company has paid CAD 7,540 as finders fees in the transaction. The warrants will expire on August 10, 2023. Announcement • Jun 10
Unigold Inc. Reports Results from Exploration Drilling At Neita Concession Unigold Inc. reports its latest results from 17 exploration drill holes from Candelones on its 100% owned Neita concession in the Dominican Republic. The Company is awaiting assay information for a further 12 drillholes. In February 2021, drilling transitioned from largely infill holes towards testing geophysical anomalies around the defined mineralization at Candelones. These targets covered a number of prospective areas that were largely ignored over the past drilling. Exploration drill holes tested the following targets: Connector Zone – The Connector zone lies between the Candelones Main mineralization and the Candelones Extension. This gap area was sparsely drilled in the past but forms an 800m wide corridor between the two deposits. Eight drill holes, DCZ20-71 to DCZ21-78, tested coincident Induced Polarity (“IP”) Chargeability and Resistivity anomalies east of the currently identified oxide resource. Drilling intersected what interpret to be an extensive phreatomagmatic breccia system that may mark a volcanic vent area. Broad intervals of elevated zinc and copper grades occur proximal to the observed breccia and there are intervals of what appears to be intermediate intrusive interlaced throughout the package. The breccia shows a melange of angular fragments and shards of numerous rock types including syenitic and rhyolitic lithologies. Elevated copper and zinc grades were returned over several tens of meters (DCZ20-74, DCZ21-75) with low tenor gold enrichment. The connector zone is currently interpreted to be a volcanic or hydrothermal vent that may represent the heat source for the younger epithermal systems that overprint mineralization to the east. This observation has positive implications for future exploration in the immediate vicinity of Candelones.
Candelones Oxide Expansion Drilling – The oxide mineralization at Candelones Main forms the basis for a PEA that shows a 35% after-tax IRR. An expansion of the available oxide material may enhance the project economics by extending the project life. Eight holes, DCZOX21-01 through 08, were completed testing for oxide mineralization based on follow up geological mapping east of the oxide resource limit. Results for all shallow oxide holes are pending. Extension West – Sixteen (16) holes were completed along 300 meters of strike length to the west of the Candelones Extension deposit. These holes were drilled from four platforms and targeted to intersect mineralization beneath historic drilling. No drilling had been conducted in this area since 2013. The silicified dacite breccias encountered in these areas are texturally similar to those found to the east at Target C and Target B. While silicification and other alteration indicated that the drills likely passed through epithermal systems, only low tenor gold and copper was encountered in all reported holes. Results are pending for six holes. Extension East – Eight (8) holes were completed along a 200 meter strike length to the east of the Candelones Extension, expanding the surface sulphide mineralization intersected in holes LP20-169 (PR2021-04, March 9, 2021) and LP21-171 (PR2021-05, March 29, 2021). Broad intervals of low to moderate gold values, similar to those intersected in the discovery holes, were returned although gold grades as a whole seem to be decreasing to the east. The Company plans to continue tracing the low grade mineralization to the east for as long as it persists. This material is shallow and the sustained intervals above a 0.50 g/t gold suggest that this mineralization has the potential to increase both the oxide and near-surface sulphide resources. Results are pending for the three most easterly holes. Eastern Oxides – Blind oxide mineralization was encountered while drilling LP20-169 (PR2021-04, March 9, 2021). This mineralization had no surface expression but returned 14 m grading 2.11 g/t gold with 8.2 g/t silver starting from 2 metres below surface. Fifteen shallow vertical holes, covering about 1 kilometre of strike extent, were completed to evaluate the potential of additional oxide resources in this area to the east. Results of all 15 holes are pending. Extension North – One hole was completed testing a coincident airborne Magnetic low and IP resistivity high response 800 meters north of the Candelones resource envelope. Higher grade intervals of 1 to 2 metres with chalcopyrite veining assaying between 0.5% to 1.5% copper were intersected. Gold values were generally low. The northerly anomalies are broad and continuous across 2.5 kilometres of strike extent. While the gold grades provided little excitement, the alteration and copper mineralization indicates that the mineralizing systems are persistent into this underexplored area. Montazo – Montazo is a separate target to the east of Candelones. It appears to be a discrete set of gold-in-soil and geophysical anomalies clustered into an area that is along the trend of the Candelones mineralization, about 3.5 kilomteres to the east. Five holes were completed probing the interpreted andesite-dacite contact at the Montazo target where a coincident, WNW trending IP chargeability anomaly persists for 2000 meters, parallel to the interpreted andesite – dacite contact. A four hole fence of drill holes targeted the southern IP chargeability response and failed to report any significant mineralization. The Company notes that oxide mineralization at the top of holes MN21-11 and MN21-13 was not initially sampled. This oversight was corrected and the samples for the strongly oxidized dacite breccia from the collar to approximately 20 meters depth has been submitted for analysis. MN21-14, testing a second IP chargeability anomaly 500 meters the north, intersected low tenor gold and silver grades from surface to a depth of 113.0 meters down hole. Oxide mineralization was encountered over the top 11 metres in this hole, returning 0.34 g/t gold and 15.8 g/t silver. It is the Company’s opinion that Montazo remains priority target with an IP chargeability response similar to the Candelones mineralization which hosts a 1.0 million ounce measured and indicated resource with an additional 1.0 million ounces of inferred resource. Announcement • Jun 09
Unigold Files NI43-101 Technical Report on Candelones Project Unigold Inc. announced that the Technical Report titled "Updated Mineral Resource Estimate And Preliminary Economic Assessment For The Oxide Portion Of The Candelones Project, Neita Concession, Dominican Republic" has been filed on SEDAR. The Technical Report, with an effective date of May 10, 2021, provides the required technical disclosure supporting the Company's recent PEA study for the oxide portion of the deposit and an updated Mineral Resource Estimate which supports moving a portion of the sulphide resources to the Measured and Indicated categories. Recent Insider Transactions Derivative • May 21
Independent Director exercised options to buy CA$117k worth of stock. On the 17th of May, Normand Tremblay exercised options to buy 625k shares at a strike price of around CA$0.15, costing a total of CA$94k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since June 2020, Normand's direct individual holding has increased from 5.01m shares to 5.43m. Company insiders have collectively bought CA$2.8m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • May 14
Unigold Inc. Updates Mineral Resource Estimate for the Candelones Project Unigold Inc. announced an updated mineral resource estimate for the Candelones Project, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The updated estimate shall be incorporated into the Preliminary Economic Assessment currently being finalized by Micon International Limited with a targeted release date of May 31, 2021. The resource estimate disclosed herein supercedes the estimate disclosed on April 26, 2021. The estimate is based on a total of 460 holes (114,000 meters) and includes 123 holes (36,000 meters) completed since 2015. Approximately 92% of the holes added to this estimate are infill holes completed at the Candelones Extension deposit. Six exploration holes, targeted to expand the resource along strike, were completed in time to be included in this estimate. 50% of those holes intersected near surface mineralization. This recently discovered mineralization, including new oxide mineralization, has the potential to enhance available resources for both the oxides and sulphides at Candelones. Fifteen holes (5,600 meters) were excluded from this estimate as assay results were unavailable. The mineral resource estimate has been prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines, November 29, 2019 and has an effective date of May 10, 2021. The key parameters supporting the mineral resource are summarized in Table 1.0. The mineral resource estimate for the oxide starter pit is summarized in Table 2.0. The mineral resource estimate of the sulphide mineralization is summarized in Table 3.0. The mineral resources disclosed herein shall be included in the Technical Report summarizing the Preliminary Economic Assessment of the Candelones Oxide Project which is currently in progress with an anticipated completion date of May 31, 2021. Announcement • Mar 11
Unigold Inc. Reports Recent Drill Results from Its 100% Owned Neita Concession in the Dominican Republic Unigold Inc. reported recent drill results from its 100% owned Neita concession in the Dominican Republic. Holes LP20-167, LP20-169 and LP20-165 (previously reported in PR 2021-03), were drilled as a fence of holes in a SW direction, perpendicular to the dominant NW drill orientation. This alignment roughly parallels the andesite-dacite contact which is interpreted to control the low-grade mineralization halo. The holes were designed to test interpreted high-angle northwest to northeast trending fault zones that disrupt the high grade mineralization at both Targets A and B while providing intersections of both Target A and Target B. All three holes intersected evidence of faulting which is currently being assessed prior to positioning follow-up drill holes. LP20-167 intersected 12.0 meters averaging 5.89 g/t Au, 18.0 g/t Ag, 0.06% Cu and 0.9% Zn within a broader interval of 87.0 meters averaging 1.58 g/t Au, 6.2 g/t Ag, 0.0% Cu and 0.4% Zn. Mineralization is associated with quartz-barite flooding and fracture filling. The typical pyrite-dominant massive sulphides that are commonly observed at Target A are conspicuously absent in this intersection, which suggests that this is a distinct zone of mineralization. Elevated Ag and Zn results with depleted Cu values imply that this zone is most likely not a fault offset of Target A. LP20-167 intersected Target A further down-hole, returning 33.0 meters averaging 4.89 g/t Au, 2.6g/t Ag, 0.4% Cu and 0.0% Zn within a broader interval of 86.0 meters averaging 2.65 g/t Au, 1.8 g/t Ag, 0.3% Cu and 0.0% Zn. Pyrite rich semi-massive sulphide dominates this interval, as expected, at Target A. Both intervals are outside of the optimized pit shell used to constrain the current mineral resource estimate. LP20-169 intersected a new zone of oxide mineralization with 14.0m averaging 2.11 g/t Au, 8.2 g/t Ag, 0.08% Cu and 0.1% Zn. Below this intersection, disseminated sulphide mineralization continued, returning 154.0 meters averaging 0.58 g/t Au, 1.95 g/t Ag, 0.11% Cu and 0.14% Zn starting at a depth of 2.0 meters down hole. This upper interval is intensely oxidized to a depth of 20.0 meters. The lack of pyrite-rich sulphides and presence of quartz and barite floods and fracture filling suggest this zone correlates to the mineralization initially intersected in LP20-167. LP20-169 intersected Target A where initially anticipated, at a depth of 340 meters down hole returning 26.0 meters averaging 0.97 g/t Au, 1.3 g/t Ag, 0,1% Cu and 0.06% Zn. Pyrite rich, net-textured massive sulphide is visually observed within this interval, suggesting that this hole passed beneath the main part of Target A. The Company continues to have four active drills. The first phase drill program at the Montazo regional exploration target has been completed. This diamond drill will be moved back to Candelones to help with the exploration to the east of known mineralization. Future results will be released as they become available. Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 meters and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 meters in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C.Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method. Announcement • Mar 04
Unigold Inc. Report Recent Drill Results from its 100% Owned Neita Concession in the Dominican Republic Unigold Inc. report recent drill results from its 100% owned Neita concession in the Dominican Republic. The Company has completed 63 holes (16,527 meters) to date in the company's planned 2020 drill program. Assays are pending from 11 holes. Current analytical turn-around time (“TAT”) exceeds thirty days, more than double historical laboratory performance. The increased TAT has introduced significant challenges in drill targeting in 2020-2021, particularly as the Company transitions to testing targets outside the historical resource area at Candelones. Drilling within the 1 kilometer Candelones Gap, between the oxide mineralization at Candelones Hill and the easterly Candelones Extension, was positioned to target weak surface geochemical soil and rock anomalies along the interpreted andesite-dacite contact. This area has been sparsely drilled in the past. Drilling in this area intersected andesite and dacite tuffs and volcanoclastics, but also intercepted broad sections of explosive volcanic breccias which disrupt most rock types. This drilling has been completed and assays are pending with results anticipated in 2-4 weeks. Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 meters and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 meters in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C.Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method. Announcement • Mar 03
Unigold Appoints Ramón Oscar Tapia Marion Landais as its Country Director in the Dominican Republic Unigold Inc. announced the appointment of Sr. Ramón Oscar Tapia Marion Landais as the Country
Director in the Dominican Republic. Sr. Tapia will be responsible for supervising all activities of Unigold Inc., and it’s operating subsidiaries, in the Dominican Republic as Unigold moves towards development of its Candelones Project. Mr. Tapia is a resident of Santo Domingo in the Dominican Republic. He was previously a partner at Marat Legal. Is New 90 Day High Low • Feb 18
New 90-day low: CA$0.28 The company is down 31% from its price of CA$0.40 on 19 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. Announcement • Feb 09
Unigold Provides Update on Engineering and Exploration Programs as Neita Advances Towards Production Decision Unigold Inc. provided an update on its activities and targets for the first half of 2021. Work is on-going at the Neita concession in the Dominican Republic with oxide pre-feasibility engineering, updated mineral resource estimate of the sulphide mineralization, along-strike and to-depth expansion drilling at Candelones and drilling of regional exploration targets all in progress. Pre-feasibility (PFS) engineering for the oxide portion of the deposit commenced in fourth quarter of 2020 under the supervision of Micon International Limited. These engineering studies build on the successful resource estimate and metallurgical results delivered in 2020. The PFS assumes an open pit mine that will extract the 92,000 oz Measured & Indicted Resource over a 3 to 4 year period. Metallurgical studies showed excellent recoveries and fast leach times in column tests. Oxide mineralization outcrops with no pre-stripping required. Results of the PFS should be available towards the end of first quarter. Development of the 4-year oxide project is seen to facilitate the ultimate development of the underlying sulphide resources by allowing the establishment of a trained workforce in the area, by ensuring that logistics and suppliers are identified, by establishing baseline infrastructure in the area and by identifying community, political and commercial partners in the Dominican Republic. Upon completion of the PFS, the Company will immediately commence the permitting process to receive an Exploitation Licence over the Candelones area. Detailed engineering, culminating in a Definitive Feasibility Study, will begin shortly after the PFS results are delivered and is currently scheduled for completion by the end of 2021. The Company would like to be in a position to commence construction of this project in 2022, once final permits are received. Sulphide Resource Update; In addition to the surface oxide mineralization, Unigold has identified a substantial sulphide resource at Candelones. The Company has completed over 34,770 meters of additional sulphide in-fill and delineation drilling in approximately 90 drillholes since the last sulphide resource calculation. Many of these drill holes intersected what the Company believes is higher-grade, epithermal mineralization returning average grades that exceed the historic average resource grade. The recognition of high-grade (>5 g/t Au) epithermal mineralization overprinting earlier low-grade (< 2 g/t Au) disseminated mineralization has presented a unique opportunity for the Company to study both open-pit and underground extraction scenarios. The first step is to update the mineral resource estimate incorporating all drilling and metallurgical results to the end of 2020. The Company is optimistic that the updated mineral resource estimate may show an increase in both tonnes and average grade while upgrading a portion of the Inferred resources to the Measured & Indicated categories. The resource estimate will attempt to break-out the higher-grade portions of the deposit and report these separately from the lower grade disseminated mineralization. The Company expects to complete the resource estimate towards the end of Q1/2021. Once the mineral resource estimate is complete, trade-off studies to set design parameters for the sulphide mineralization will be completed in second quarter with the goal of providing a PEA for the deposit towards the end of 2021. The Company continues to receive assay results from holes drilled in Q4/2020. All holes drilled before the end of 2020 will be included in the updated mineral resource estimate. Results from the analytical lab currently have a turnaround time of about 6 weeks. Drillholes LP20-152, 154 and 158 were a fence of holes testing the eastern limit of Target C. LP20-152 intersected low tenor mineralization approximately 50 m east of LP52 at the same elevation, approximately 150m from surface. LP20-154, targeted 100 meters below LP20-152, collared in and remained in a previously unrecognized, late mafic dike. LP20-158, bisected the initial holes on this drill section, intersecting mostly late mafic dike. It is interpreted that this hole traveled along the hanging wall boundary of the dike. Given the lack of visual sulphide mineralization in these holes they were not prioritized for analytical submission. LP 20-182 was positioned as a 50 m step-out hole to the west of Target C. This hole intersected a 34 m section of elevated gold, silver, copper and zinc in epithermal mineralization before passing into a broad zone of underlying disseminated mineralization. Regional exploration on the Neita Concession between 2002 and 2010 identified 14 high priority target areas based on airborne magnetics, ground geophysics, surface geochemistry and geological mapping and sampling. Work between 2010 and 2020 concentrated on the Candelones area with little attention given to the identified regional exploration targets. The Company believes that the Neita concession represents a mineralized district that may contain several economic gold and gold-copper deposits. The Company intends to systematically explore the highest priority regional targets over the next two years and has started a program of data compilation, groundwork and drilling. One drill has been moved to test the 1,500m gap between the eastern limit of the Candelones Connector and the currently defined western limit of the Candelones Extension mineralization (Target C) where minimal historical drilling has been completed. The Company currently believes that this gap is the result of faulting and that there is potential for additional resource additions at depth. A second drill has been moved to the Montazo target area, approximately 1,500 meters east of the Candelones Extension mineralization. This drill is testing IP chargeability highs with coincident resistivity lows along an andesite " dacite contact; a similar response to that observed at the Candelones Extension. Is New 90 Day High Low • Jan 26
New 90-day low: CA$0.31 The company is down 29% from its price of CA$0.43 on 27 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. Announcement • Dec 11
Unigold Inc. Announces Results from its Ongoing Exploration Drilling at the Candelones Extension Deposit Unigold Inc. announced results from its ongoing exploration drilling at the Candelones Extension deposit, part of the company's 100% owned Neita Concession in the Dominican Republic. The company has completed 32 drill holes (10,070 m) of the planned 15,000 meter program including 9 holes (243 meters) at the Candelones Main and Connector zone targeting oxide and transition mineralization for additional metallurgical test work. Drilling has moved to test the both the eastern and western extensions of mineralization in sparsely drilled areas. LP20-176 was a step out hole 25 meters east of the central core of Target C and 75 meters deeper. It was drilled below and between LP91 (5.0 meters averaging 3.01 g/t) and LP16-113 (5.5 meters averaging 4.08 g/t). LP20-176 intersected mineralization that was both thicker and higher grade than the two holes above it and alos retuned a long intersection of lower grade disseminated mineralization surrounding the core of epithermal sulphides. LP20-176 returned 64.0 meters averaging 1.92 g/t Au, 1.1 g/t Ag, 0.1% Cu and 0.2% Zn including 7.0 meters averaging 15.06 g/t Au, 4.43 g/t Ag, 0.5% Cu and 6.3% Zn. Once again, Target C is showing significant silver, copper and zinc accompanying the gold. Hole LP20-178 targeted an area 75m below the above intercepts, exploring for the eastern depth extension of Target C. This hole intersected successive, narrow (<3.0 meter) mafic dikes, late fault zones and brecciated dacitic volcanoclastics. Considering the amount of late post-mineralization faulting encountered east of Target C in LP20-176, the Company believes the hole likely tracked along an interpreted sub-vertical fault system and that this fault system forms the western boundary of a down-dropped graben block. The down-dropped graben may explain why only a few drill holes returned epithermal mineralization in this area but also explains the downward displacement of the low-grade disseminated mineralisation through this area. If epithermal mineralization exists
between Target B and C, it is likely below existing drilling. At Target B, LP20-155 was drilled to test the down-dip continuity by targeting an area approximately 50 meters below LP19-135 (24.0m averaging 6.03 g/t Au, 4.9 g/t Ag, 0.3% Cu and 0.7% Zn). A 50 m zone of irregular brittle faulting marked the end of andesitic rocks. Once through this fault zone, disseminated sulphides in a dacite unit returned ubiquitous low-grade mineralization. Fifty metres beyond the fault zone and deeper in the dacite volcanoclastic unit, a 5.0 meter section of semi-massive pyrite and chalcopyrite averaged 0.18 g/t Au, 1.1 g/t Ag, 0.53% Cu and 0.0% Zn. While the gold grade was low, the sulphide
mineralization in this area was strong and encouraging. This faulting in this hole, along with other holes on this section, seems to imply that Targets A and B are also separated by a fault, with the eastern side down-dropped. Announcement • Dec 03
Unigold Inc. Announces Results from Its Ongoing Exploration Drilling At the Candelones Extension Deposit Unigold Inc. announced results from its ongoing exploration drilling at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The Company has completed 31 drill holes of the planned 15,000 meter program including 9 metallurgical holes at the Candelones Main and Connector zone targeting oxide and transition mineralization for additional test work. Drilling at Target C has been temporarily halted pending receipt of assay results but is expected to resume after the metallurgical holes are completed Drilling at Target B continues to test the 150 meter gap between Targets A and B at depth. Holes LP20-170. 172 and 174 (Ref. Figures 1 and 2) were drilled as an infill section 75 meters east of the high grade mineralization intersected in holes LP20-146, 148, 150 and 160 (Ref. Figure 2.0). LP20-170 intersected two narrow, high grade intervals. The upper zone intersected 13.0 meters averaging 5.17 g/t Au, 4.2 g/t Ag, 0.1% Cu and 1.67% Zn. The lower zone returned 5.0 meters averaging 7.44 g/t Au, 10.0 g/t Ag, 0.47% Cu and 0.0% Zn. LP20-172, drilled 30m below LP20-170, also intersected two high grade zones. The first returned 3.0m averaging 3.98 g/t Au, 2.2 g/t Ag, 0.1% Cu and 1.85% Zn. The lower interval returned 4.0m averaging 7.18 g/t Au, 8.6 g/t Ag, 0.4% Cu and 0.0% Zn. LP20-174, the third hole completed on this infill section, was drilled 100m north of LP20-170. This hole targeted the high grade mineralization reported in hole LP43, 75m to the east, which returned 4.0 meters averaging 9.0 g/t Au, 1.4 g/t Ag, 0.1% Cu and 0.4% Zn. LP20-153A (Ref. Figure 1 and 3) was drilled to test the 100 meter wide gap between Targets A and B. This hole was targeted 25 meters below the massive sulphide intersected in LP20-151 (Ref. Figure 1.0). LP20-151 intersected 113.0 meters averaging 0.89 g/t Au, 1.6 g/t Ag, 0.1% Cu and 0.2% Zn including 8.0 meters averaging 4.27 g/t Au, 1.3 g/t Ag, 0.1% Cu and 0.6% Zn. The massive sulphide zone returned 19.0m averaging 0.92 g/t Au and 0.2% Cu. The massive sulphide zone in LP20-153A returned 18.0 meters averaging0.67 g/t Au, with 0.27% Cu. (Ref. Table 1.0). As with the massive sulphides at Target A, this new zone of sulphide mineralization is depleted in zinc with elevated copper grades, similar to the Target A mineralization. LP13, approximately 200 meters above LP20-151, intersected 2.0 meters averaging 9.00 g/t Au in the hanging wall andesites. It is possible this intercept may represent an alternate trend to the massive sulphide mineralization in hole LP20-153A, more consistent with the sub-vertical continuity observed at Target B. Announcement • Nov 10
Unigold Inc. Announces Results from Its Ongoing Exploration Drilling At the Candelones Extension Deposit Unigold Inc. announced results from its ongoing exploration drilling at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The Company has completed 16 drill holes (6,646 m) of the planned 15,000 meter program. Results for 2 drill holes have been previously reported. LP20-151 was drilled to test the 100 meter wide gap between Targets A and B and intersected 113.0 meters averaging 0.89 g/t Au, 1.6 g/t Ag, 0.1% Cu and 0.2% Zn starting at the andesite-dacite contact. The hole targeted an undrilled area approximately 50 meters below LP31A (from 2012: 122.0 meters averaging 0.73 g/t Au, 1.4 g/t Ag, 0.1% Cu and 0.2% Zn). Epithermal mineralization was encountered as expected at the contact between dacites and overlying andesites and returned 8.0 meters averaging 4.27 g/t Au, 1.3 g/t Ag, 0.1% Cu and 0.6% Zn. Sixty meters into the footwall below this intersection, a 39.0 meter interval of massive to semi-massive sulphides was intersected. This material appears to be similar to the massive sulphide mineralization at Target A found 150 meters to the east. This is the longest interval of massive sulphide mineralization intersected outside the current Target A footprint. The sulphide zone returned 39.0 meters averaging0.71 g/t Au, 1.1 g/t Ag, 0.1% Cu and 0.0% Zn (Ref. Table 1.0). As with the massive sulphides at Target A, this new zone of sulphide mineralization is depleted in zinc with elevated copper grades. The Company believes that this intersection may represent a new, stacked horizon of mineralization behind the Target B epithermal zone, and may ultimately extend 150 m to the east to connect with the known mineralization at Target A. At Target C, LP20-164 was a step out hole 30 meters southwest of the central core of the known high-grade mineralization at his location. The hole was drilled at an azimuth of 308º approximately 20º west of the preferred drill orientation. This hole was testing an interpreted north-easterly trend of the mafic dike that may control the high grade mineralization at Target C. Above the dike, LP20-164 intersected 86.0 meters of dacite breccia overprinted with epithermal mineralization that averaged 1.17 g/t Au, 3.6 g/t Ag, 0.1% Cu and 0.7% Zn and includes 17.0 meters averaging 2.80 g/t Au, 12.0 g/t Ag, 0.2% Cu and 1.8% Zn (Ref. Table 1.0). The hole intersected the target mafic dike approximately 100 meters below the reported mineralization and the dike persisted for 12 meters to the end of the hole. LP20-166 was a second step out hole 30 meters to the northeast of the central core of the known high grade mineralization at Target C, testing the same interpreted northeast trend. LP20-166 was also drilled at an azimuth of 308º and intersected 91.0 meters averaging 1.47 g/t Au, 3.5 g/t Ag, 0.2% Cu and 1.0% Zn including a zinc rich interval of 22.0 meters averaging 1.83 g/t Au, 9.0 g/t Ag, 0.3% Cu and 2.5% Zn (Ref. Table 1.0). LP20-166 failed to intersect the mafic dike. The lower part of the hole was dominantly comprised of dacite tuff with moderate to strong anhydrite stockwork which continued to the end of the hole. Anhydrite stockwork is noted immediately above the massive sulphide mineralization at Target A. Is New 90 Day High Low • Oct 23
New 90-day low: CA$0.32 The company is down 34% from its price of CA$0.48 on 24 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Announcement • Oct 15
Unigold Inc. Announces Results from its Ongoing Exploration Drilling at the Candelones Extension Deposit Unigold Inc. announced results from its ongoing exploration drilling at the Candelones Extension deposit, part of the Company’s 100% owned Neita Concession in the Dominican Republic. A total of 11 holes (3751 meters) of the planned 15,000 meter drill program have been completed to date. Drilling is currently testing epithermal mineralization at Targets B and C of the Candelones Extension. The proposed drilling is designed to increase the geological confidence for future mineral resource estimates and to test for extensions of the high grade targets at depth and along strike. Drilling at Target C is focused on tracing an interpreted fault structure which has been intruded by a late mafic dike. High grade gold and silver with associated copper and zinc mineralization is localized at or near the contact of the magnetic dike suggesting that this could represent a potential marker horizon to guide future drilling. LP20-160 (Target C) was collared 20 meters east of LP57 (12.99 meters averaging 5.95 g/t Au, 4.2 g/t Ag, 0.07% Cu and 0.70% Zn) and 20 meters west of LP91 (9.0 meters @ 3.0 g/t Au). LP20-160 intersected the target mineralization 90 meters higher in the system than anticipated. Mineralization occurs in a silicified dacite tuff breccia showing a silica-barite matrix with up to 15% sulphides. The mineralization is localized in the footwall of a mafic dike possibly highlighting a reactivated fault system that served as a conduit for mineralization. The dip of the andesite-dacite contact steepens abruptly, likely the result of faulting. Hole LP49, collared in 2013 about 200 meters to the south of LP20-160, stopped short of the andesite-dacite contact. The mineralization intersected in LP20-160 suggests that the entire length (150 meters) of the sub-vertical contact may be prospective for additional high grade mineralization. Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 meters and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 meters in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C.Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method. Announcement • Oct 11
Unigold Inc. Files Technical Report on Candelones Project, Neita Concession, Dominican Republic Unigold Inc. reported that the Technical Report titled "Updated Mineral Resource Estimate For The Candelones Project, Neita Concession, Dominican Republic has been filed on SEDAR. The Technical Report, with an effective date of August 17, 2020, provides the required technical disclosure supporting the Company's recent upgrade of oxide resources to the Measured and Indicated categories. The Company expects to update the sulphide resource estimate, utilizing high-grade intercepts from 2015 to 2020 and assuming underground mining techniques, after the current 15,000 metre drill program is complete. The updated mineral resource estimate was completed by Mr. W. Lewis, P.Geo., Mr. A. San Martin, MAusIMM (CP) and Mr. R.M. Gowans, B.Sc., P.Eng., of Micon International Limited. ("Micon"). Micon is independent of Unigold and Messrs. Lewis, San Martin and Gowans meet the requirements of Qualified Persons as established by the Canadian Institute of Mining. Is New 90 Day High Low • Sep 24
New 90-day low: CA$0.33 The company is down 22% from its price of CA$0.41 on 26 June 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period.