TORONTO, ONTARIO--(Marketwire - Nov. 18, 2011) - Unigold Inc. (TSX VENTURE:UGD) (the "Company") would like to announce that it has granted incentive stock options for the purchase of up to 4,300,000 common shares, at a price of $0.11 per share, to certain directors, employees and consultants of the Company. The stock options are exercisable on or before November 17, 2016. This grant is made pursuant to the Company's stock option plan.

About Unigold Inc.

Unigold is a growth-oriented junior natural resource company focused primarily on exploring and developing a large land position in the Dominican Republic which is highly prospective for gold mineralization.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Unigold Inc.
Mr. Andrew Cheatle
President and CEO
+1 (416) 866-8157