Unigold Inc. announces obtaining a reconnaissance license in the Kingdom of Saudi Arabia



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

    TORONTO, Sept. 5 /CNW/ - Unigold Inc. ("Unigold" or the "Company")
(TSX-V: UGD) is pleased to announce that it has obtained a reconnaissance
license for all Minerals and Rocks granted by the Deputy Ministry of Mineral
Resources in the Kingdom of Saudi Arabia. This License may include all
Locations in the Kingdom. The duration will be for a period two (2) years and
may be renewed for another two years. The license provides for reconnaissance
of all Minerals and Rocks except Minerals and Materials excluded by the Mining
Investment Code. The License entitles the Company to all the rights in the
Mining Investment Code and its Executive Regulations including but not limited
to the rights to survey and investigate the area indicated in the license and
examine ore bodies, collect samples, use geophysical and geochemical method
and other scientific methods and any preliminary examinations of land, with
potential mining deposits for the designated duration of the License. During
the last 40-years, the Deputy Ministry of Mineral Resources has conducted
major reconnaissance/exploration of minerals and rocks in the Kingdom and has
tremendous information data base library on the mineral wealth of the country.
    Dr. Ibrahim M. Eitani, the President and C.E.O. of Unigold, stated that
"this License will open fast opportunities to Unigold in the virgin mineral
industry of the Kingdom of Saudi Arabia which contains tremendous varieties of
Minerals (precious and base metals) and thus provides a valuable blue sky for
future development/growth of the Company. Furthermore, the Government of Saudi
Arabia is very keen about encouraging the development of and the investment in
the mineral industry as well as providing important incentives to accomplish
this strategy".

    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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UNIGOLD INC.

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