TORONTO, ONTARIO--(Marketwired - Sept. 27, 2013) - Unigold Inc. ("Unigold") (TSX VENTURE:UGD) announces that it has made an application to the TSX Venture Exchange (the "TSXV") to extend the expiry date of outstanding warrants exercisable to purchase an aggregate of 10,425,000 common shares of Unigold originally issued in connection with a private placement (the "Private Placement") of units ("Units") of Unigold which closed on December 21, 2011. Each Unit consisted of one common share of Unigold and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). The private placement was first announced on October 14, 2011.

The Private Placement was a non-brokered private placement which resulted in the issuance of Warrants to purchase an aggregate of 12,400,000 common shares of Unigold at an exercise price of $0.15 per common share until November 17, 2013.

Unigold has requested that the TSXV extend the expiry term of the Warrants to November 17, 2015.

No warrants issued to agents in connection with their services rendered in connection with the Private Placement will be amended.

About Unigold Inc. - Discovering Gold in the Caribbean

Unigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, focused primarily on exploring and developing its gold assets, notably the Neita Property in the Dominican Republic.

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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of Unigold in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.

Neither the 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:

Mr. Andrew M. Cheatle, P.Geo.
President & CEO

Ms. Amanda Dillon
Investor Relations