Unigold Inc. announces discovery of new gold zone



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

    TORONTO, June 11 /CNW/ - Unigold Inc. ("Unigold" or the "Company")
(TSX-V: UGD) is pleased to announce the discovery of a new gold zone on the
eastern flank of the Montazo-Guano large alteration zone, nine kilometres
northeast of the Los Candelones high-sulfidation epithermal gold deposit. This
new zone, named Juan del Bosque after the geologist who discovered it, has
been traced over a 900 metre strike length. Grab samples taken randomly over
half a kilometre in length from outcropping barite-bearing advanced argillic
altered rocks graded locally above 10 grams per tonne (g/t) gold (see results
below). Furthermore, several angular barite-bearing silicified and argillized
blocks have been discovered up to 300 metres east from the outcropping zone
northeast termination, thus extending the gold-zone possible strike length. A
broad gold in soil anomaly overlaps the whole Juan del Bosque zone. Soil
samples grading up to 0.6 g/t gold have been encountered.

    
                --------------------------------
                Sample number           Gold g/t
                --------------------------------

                --------------------------------
                93319           (greater than)10
                --------------------------------
                93320                       0.05
                --------------------------------
                93318                       0.01
                --------------------------------
                 5072                       1.17
                --------------------------------
                93321                       2.63
                --------------------------------
                93030                       2.39
                --------------------------------
                93315                       .159
                --------------------------------
                93322                       1.31
                --------------------------------
                93031                       .392
                --------------------------------
                93323                       2.26
                --------------------------------
                93313                       1.81
                --------------------------------
                93314                       3.87
                --------------------------------
                93316           (greater than)10
                --------------------------------
                93029                         11
                --------------------------------
    

    Discovery of the Juan del Bosque zone by Unigold geologists results from
follow-up of an exploration model recently published for the giant
Pueblo-Viejo deposit (Sillitoe et al., 2007, Economic Geology, vol. 101, pp.
1427-1435). Pueblo Viejo is a Dominican Republic high-sulfidation epithermal
gold (19 million ounces)-silver-zinc deposit occurring in volcano-sedimentary
breccia and conglomerate as well as lacustrine carbonaceous siltstone and
sandstone. Sillitoe et al. (2007)'s model suggests that Pueblo Viejo kind of
blind high-sulfidation gold deposit may occur beneath barren limestone cover,
which is what the Juan del Bosque zone seems to be.
    Trenching on the Juan del Bosque zone will proceed immediately, followed
by diamond drilling and induced polarization survey to trace the gold-bearing
zone under the southeast-dipping limestone sequence.
    The Juan del Bosque zone occurs at the base of a shallow-water
sedimentary sequence which conformably overlies a dacitic tuff sequence.
Alteration grades from slightly propylitic to advance argillic in the dacitic
tuffs. Gold mineralization occurs on the fringe of a low-magnetic
pyrite-bearing advanced argillic zone which is bordered by propylitized
magnetite-bearing dacitic tuffs exhibiting positive aeromagnetic features. The
overlying sedimentary sequence includes limestones, and non-calcareous
sandstone and siltstone. A thin, black, thinly-laminated cherty carbonaceous
mudstone has also been observed in this sedimentary pile. Silicified bedded
green limestones have been observed resting directly on the southern Juan del
Bosque gold-barite showings.
    The foregoing scientific and technical information has been prepared or
reviewed by Daniel Danis, M.Sc., the Vice-President and Chief Operating
Officer of Unigold. Mr. Danis is a "qualified person" within the meaning of
National Instrument 43-101.

    About Unigold Inc.
    ------------------
    Unigold Inc. is exploring to find and develop gold deposits on its
100-per-cent-owned 226 km(2) Neita property located in the Dominican Republic.
Having the largest land package in the Dominican Republic, the goal is to
target bulk tonnage, open pittable, oxide gold deposits within a similar
setting to the world class Pueblo Viejo gold project which occurs within a
broad northwest trending Cretaceous age volcanic greenstone belt that
transects the Dominican Republic. The economics of any discovery will be
significantly improved by the fact that Unigold is benefiting from an 18-year
holiday on all corporate taxes, sales taxes and import duties in the Dominican
Republic.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    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.

    %SEDAR: 00004036E




For further information:

For further information: Dr. Ibrahim M. Eitani, President & CEO and
Director, (+966-55-88-22-080), Email: taadeen@gmail.com; Mr. Daniel Danis,
V.P. Exploration & COO and Director, (450) 667-4766; Web site
www.unigoldinc.com, Email: unigold@unigoldinc.com

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