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Unigold Inc.

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Summary

Project:

Neita

Deposit:Candelones Extension
Location:Dominican Republic
Commodities:Gold-Silver-Copper-Zinc
Date:9/7/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-9-2016: Unigold Inc. announces an Exploration/Drilling Update report for its Candelones Extension deposit at the Neita project. Drilling results incl. 57.0m @ 2.5g/t Au, 2.7g/t Ag, 0.1% Cu, 0.6% Zn from 233.0m. Toronto, Ontario, September 7, 2016 – Unig
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Wes Hanson (Internal)
ABSTRACT:Toronto, Ontario, September 7, 2016 – Unigold Inc. (“Unigold” or the “Company”) (TSX-V:UGD) is pleased to announce results from ongoing exploration drilling at the Candelones Extension deposit, within the Company’s 100% owned Neita Concession in the Dominican Republic. The Company has received results from a further four holes at the westernmost target of its current drilling program. The drill program at “Target C” was designed to follow-up on a high grade core of mineralization that was intersected in previous drilling by holes LP52 (15.8m @ 11.4 g/t Au; 38.3 g/t Ag; 0.4% Cu and 5.1% Zn) and LP57 (10.0 m @ 6.7 g/t Au; 4.2 g/t Ag; 0.1% Cu and 0.8% Zn) (UGD PR# 2016-05). Results from this latest program have extended the mineralization to depth and to the east and include LP16-110 which intersected 12.0 m @ 9.7 g/t Au; 7.0 g/t Ag; 0.1% Cu and 1.6% Zn within a larger zone of mineralization of 57.0 m @ 2.5 g/t Au; 2.7 g/t Ag; 0.1% Cu and 0.6% Zn. LP16-113, drilled to the east of LP16-110, intersected similar mineralization grading 5.5 m @ 4.1 g/t Au; 5.6 g/t Ag; 0.1% Cu and 1.2% Zn in a larger envelope of 86.9 m @ 1.0 g/t Au; 1.4 g/t Ag and 0.3% Zn. LP-16-111, drilled below LP16-110, returned 2 .0 m @ 5.0 g/t Au; 53.1 g/t Ag, 0.2% Cu and 1.9% Zn. The mineralization remains open to the east and to depth.

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