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TSX.V: UGD OTCQX: UGDIF FSE: UGB1 CORPORATE PRESENTATION ⏐ CANADA
MOVING TO DEVELOPMENT
IN THE CARIBBEAN
September 2021 Precious Metals Summit Corporate Presentation
TSX.V: UGD unigoldinc.com 1
Forward Looking Statements
Certain statements contained in this presentation, 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.
Core drilling is being done primarily with NQ. Samples are logged, split by wet diamond saw, and half sent for assaying with the other
half stored on site. Sample lengths typically average 1 m but vary by geological boundaries. QA/QC included inserting certified
standards and blanks into the sample stream at industry standard intervals. Samples are prepped by Bureau Veritas Labs in the
Dominican Republic, with assaying performed through Bureau Veritas’ laboratory in Vancouver, Canada. Analytical procedures include a
35-element ICP-ES analysis (MA-300) and a 50 g FA AA finish for gold (FA450). Wes Hanson, P.Geo., COO, and a Qualified Person under
National Instrument 43-101, has reviewed and approved the contents of this presentation.
TSX.V: UGD unigoldinc.com 2
WHY INVEST IN UNIGOLD
OXIDE PROJECT PROVEN, FIELD
Stand alone oxide TESTED HYPOTHESIS
project has 91,000 oz and understanding
of M&I resources in of the geology of ore
completed PEA body with over
showing 35% after tax 145,000 m drilled to
IRR date
CURRENT RESOURCES SULPHIDE PROJECT HIGHER GRADE
Measured and 2.2 million ounce MINERALIZATION
Indicated (“M&I”) resource has a Approximately
Resources containing number of treatment 700,000 oz of
1,158,000 ozs Au and options sulphide resources
an additional Inferred
average over 4 g/t
Resource containing
1,099,000 ozs Au
TSX.V: UGD unigoldinc.com 3
CAPITAL STRUCTURE
TSX.V: UGD OTCQX: UGDIF
Market Capitalization CAD $16 million
Shares Outstanding 156 million
Warrants (Jun 2022, avg $0.29) 31 million
Options (avg. $0.30) 9.5 million
Fully Diluted 197 million
52 week Hi - Low $0.51 / $0.0
Shareholders
Eric Sprott (undiluted) 14%
Phoenix Gold Fund 8%
Officers and Directors 8%
TSX.V: UGD unigoldinc.com 4
DOMINICAN REPUBLIC
Pueblo Viejo,
Falcondo,
Neita Concession Cerro de Maimon
• Diversified economy,
“upper middle income”
economy, largest economy
in Caribbean and Central
America
• Home to the largest gold
mine in Latin America:
Pueblo Viejo – a Tier 1
asset
• Established mining law,
taxation and regulations
• Good infrastructure,
0 20
km
power, workforce, roads,
telecommunications, etc.
TSX.V: UGD unigoldinc.com 5
NEITA CONCESSION
EXPLORATION CONCESSIONS awarded
1
for 3 years - owner may apply for two
(2) extensions, each automatic
extension allows one year of additional
exploration;
2 EXPLOITATION CONCESSIONS awarded
for 25 years with two 25-year
extensions
3 Concession holder has advance period
to re-apply for existing concessions on
expiration;
Current exploration license granted
4
May 2018; Expiry is May 2023
Candelones Project – Inferred Mineral Resources Au and Cu
Au targets
Cu targets
TSX.V: UGD unigoldinc.com 6
2021 Mineral Resource Estimate (effective date May 10, 2021)
Au oz
Mining Method Mineralization Type Category Tonnes (x1,000) Au g/t Strip Ratio
(x1,000)
Measured 1,851 0.82 49
Oxide (Heap Leach)
Indicated 1,616 0.82 42
OXIDES Total Measured + Indicated 3,467 0.82 91 0.13
Open Pit
Oxide (Heap Leach) 1,154 0.6 22
Inferred
Transition (Heap Leach) 478 0.87 13
Total Inferred 1,632 0.68 36
NSR$ Cut- Tonnes AuEq AuEq oz Au oz Ag oz Cu lb Waste
Mining Method Category Au g/t Ag g/t Cu %
off (x1,000) g/t (x1,000) (x1,000) (x1,000) (x1,000) Ratio
SULPHIDES M+I 20 19,378 1.82 1.56 3.89 0.14 1,137 974 2,425 59,243
6.24
Open Pit Inferred 20 23,042 1.52 1.35 2.59 0.09 1,125 1,004 1,916 43,229
SULPHIDES M+I 77 1,107 3.02 2.56 2.02 0.27 107 91 72 6,488
Underground Inferred 77 755 2.67 2.38 2.31 0.16 65 58 56 2,649
Total Measured and Indicated 20,484 1.89 1.62 3.79 0.15 1,244 1,065 2,497 65,731
Total Inferred 23,797 1.55 1.39 2.58 0.09 1,190 1,063 1,972 45,878
See the Appendix of this presentation for the complete disclosure regarding this Resource Estimate with accompanying notes
TSX.V: UGD unigoldinc.com 7
CANDELONES DEPOSIT
Significant Intersections from drilling 2016-2020
Target A Target B Target C
• 30.0 m @9.02 g/t Au, 0.6% Cu • 18.5 m @ 10.18 g/t Au, 1.52% Zn
• 34.9 m @ 6.19 g/t Au, 0.6% Cu • 7.0 @ 21.9 g/t Au, 2.7% Cu • 15.8 m @ 11.36 g/t Au, 0.4% Cu
• 34.0 m @ 4.15 g/t Au, 0.4% Cu • 15 m @ 16.36 g/t Au, 2.6% Cu • 12 m @ 9.7 g/t Au, 7 g/t Ag, and 1.6% Zn
• 22 m @ 6.93 g/t Au, 0.6% Cu • 2 m @ 19.62 g/t Au • 10.5 m @ 12.94 g/t Au, 15.6 g/t Ag,
• 21.2 m @ 6.0 g/t Au, 0.9% Cu • 24.4 m @ 3.2 g/t Au, 14 g/t Ag, • 10 m @ 6.71 g/t Au, 0.7% Cu
• 24 m @ 4.59 g/t Au, 0.54% Cu • 24 m @ 4.59 g/t Au, 0.54% Cu • 9.5 m @ 14.4 g/t Au, 46.6 g/t Ag, 1.5% Zn
• 23.7 m @ 6.03 g/t AU, 0.31% Cu • 22m @ 5.67 g/t Au • 9.0 m @ 16.48 g/t Au, 57.7 g/t Ag, 0.8% Zn
• 25 m @ 5.67 g/t Au, 0.4% Cu • 23.7 m @ 6.03 g/t Au, 0.31% Cu • 8 m @ 6.30 g/t Au,я17 g/t Ag
• 17 m @ 7.31 g/t Au, 1.22% Cu • 16.60 m @ 3.37 g/t Au, • 7 m @ 8.86 g/t Au, 37 g/t Ag
• 15.7 m @ 7.45 g/t Au, 1.1% Cu 12.96 g/t Ag, 0.30% Cu, • 4.6 m @ 3.4 g/t Au, 56 g/t Ag, and 0.9% Zn
• 15.3 m @ 5.75 g/t Au, 0.52% Cu 2.13% Zn • 4 m @ 9.67 g/t Au, 0.1% Cu
• 12 m @ 6.95 g/t Au, 0.86% Cu • 4 m @ 10.1 g/t Au, 21 g/t Ag, and 2.4% Zn
• 9.0 m @ 4.81 g/t Au, 0.7% Cu • 3.3 m @ 5.06 g/t Au, 90 g/t Ag
• 9.0 m @ 11.9 g/t Au, 2.0% Cu • 3 m @ 10.7 g/t Au, 2.1% Cu
• 6 m @ 6.05 g/t Au, 0.8% Cu
• 5.7 m @ 5.07 g/t Au, 2.5% Cu
• 5.7 m @ 12.1 g/t Au, 1.2% Cu
TOGETHER TARGET A, B, C DEFINE OVER 1.5 KM OF STRIKE EXTENT
TSX.V: UGD unigoldinc.com 8
CANDELONES DEPOSIT
There are
16 m @ 10.78 g/t Au
two distinct
projects at
Candelones:
• Oxides at
surface
Candelones Main: Oxides and
• Sulphides underlying sulphides
to the
east Ap
pr
ox
.3
Km
Candelones Extension:
Sulphides, possible
oxides further to the east
TSX.V: UGD unigoldinc.com 9
OXIDE TARGET
Capital and Operating Cost Estimates
Production Summary
Total mineralized material mined (000 t) 5,275
Total Waste (000 t) 963
Average grade (Au g/t) 0.75
Total gold contained (oz) 126,989
Total gold produced (oz) 95,587
Total gold payable after royalty (oz) 90,116
Average Gold recovery (%) 75%
Average annual gold produced (oz) 31,040
Capital Cost Estimate (US$M) Pre-Production Sustaining Total
Mining 1.84 0.43 2.27
ADR Processing Plant 11.84 11.84
Infrastructure 12.86 12.86
EPCM, Indirects, Owners Costs 5.18 5.18
Subtotal 31.72 0.43 32.15
Contingency 4.76 4.76
Total Capital Costs 36.48 0.43 36.91
Unit Operating Cost (per tonne) US$/t
Mining $3.22
Processing $5.97
General & Administration $1.93
Refining, delivery, royalty $1.64
Total operating cost per tonne $12.76
All-in Sustaining Cost (US$/oz)** $744
** All-in Sustaining Costs are presented as defined by the World Gold Council less Corporate G&A
TSX.V: UGD unigoldinc.com 10OXIDE TARGET
PEA Economic Summary and Sensitivities
60.0
PEA Summary Financial Results @ $1650/oz gold US$M 50.0
LOM Net Smelter Return Revenue $150
Total LOM Pre-Tax Cash Flow $90
40.0
Average Annual Pre-Tax Cash Flow $29
NPV (US$ millions)
LOM Income Taxes $16
Total LOM After-Tax Free Cash Flow after Capital $34 30.0
Average Annual After-Tax Free Cash Flow from Operations $23
Discount Rate (%) 5% 20.0
Pre-Tax 5% NPV $41
Pre-Tax IRR 50.3 %
10.0
After-Tax 5% NPV $26
After-Tax IRR 34.9 %
After-Tax Payback after start of production (Months) 22 .0
Cautionary Statement - The reader is advised that the PEA summarized in here is intended to
provide only an initial, high-level review of the project potential and design options. The PEA mine
plan and economic model include numerous assumptions and the use of inferred mineral (10.0)
resources (27% of production). Inferred mineral resources are considered to be too speculative to 75% 80% 85% 90% 95% 100% 105% 110% 115% 120% 125%
be used in an economic analysis except as allowed for by NI 43-101 in PEA studies. There is no
guarantee that inferred mineral resources can be converted to indicated or measured mineral Revenue drivers (.1) 5.2 10.5 15.7 21.0 26.3 31.6 36.9 42.2 47.4 52.7
resources, and as such, there is no guarantee the project economics described above will be
achieved. Operating costs 36.0 34.1 32.1 30.2 28.3 26.3 24.4 22.4 20.5 18.5 16.6
Capital costs 35.5 33.7 31.8 30.0 28.2 26.3 24.5 22.6 20.8 18.9 17.1
TSX.V: UGD unigoldinc.com 11OXIDE TARGET
Candelones Hill Looking South
Open Pit Area Heap Leach
Area
TSX.V: UGD unigoldinc.com 12SULPHIDE TARGET
1.07 million ounces oz Measured and Indicated Resource, plus an additional 1.06 million oz Inferred
1
Resource (pit-optimized)
2 66% conversion of 2013 pit optimized inferred resource into Measured and Indicated material
3 Sulphide Flotation in all types of mineralization shows recoveries between 92% and 97%
Phase 1 metallurgy shows that high-grade (+3 g/t) sulphide material is amenable to gravity-float-leach
4 recovery process with 85% to 90% leach recovery; low grade material can be leached but with 30% to 45%
recoveries; agitated leach shows better recoveries
Phase 2 metallurgical program underway to test possible improvements in leaching and to develop a
5
process flowsheet
PRELIMINARY METALLURGICAL TESTING – Basis for Resource Estimates
Agitation Leaching Flotation Concentrate for Sale Autoclave Treatment
Average Estimated Average Estimated Average Estimated
Total Total Total
Recovery Payable Recovery Payable Recovery Payable
Gold 63.0% 99.5% 63% 93% 90% 84% 93% 99% 92%
Silver 42.0% 95.0% 40% 92% 60% 55% 92% 81% 75%
Copper 0.0% 0.0% 0% 97% 90% 87% 97% 88% 85%
80% passing 75 μm Basis for Resource Estimate
Produces doré on site Produces 2 concs for sale On-site autoclave
TSX.V: UGD unigoldinc.com 13REGIONAL EXPLORATION
• Airborne Geophysical surveys completed in 2007
• Soil Geochemical Surveys completed and infilled between 2002 and 2010
• Mapping, grab sampling and trenching between 2002 and 2014
• 15 Gold +/- Copper targets have been identified to date
• 5 Copper targets identified to date
TSX.V: UGD unigoldinc.com 14HISTORIC REGIONAL EXPLORATION - DRILLING
Target # DH meters 35000
Candelones Extension 178 71,724
Candelones Main 184 29,544 Vall e Simon
30000 Rancho Pedro
Candelones Connector 65 8,449
Pan de Azucar
Rancho Pedro 23 6,091
Palo Quemado
Montazo 19 4,750
Gold +/- Copper targets
25000 Other
Juan del Bosque 22 4,404 Noisy
Guano 14 2,682 Naranja
Montazo
Loma de Montazo 7 1,974 20000
Mariano Cestero
Noisy 10 1,690
Loma de Montazo
Kilometro 6 5 1,229 Kilometro 6
Pan de Azucar 2 388 15000 Juan del Bosque
Gina Mocha 1 298 Jimenez
Guano
Naranja 2 210
10000 Gina Mocha
Valle Simon 1 185
Cruz de Cabrera
Cruz de Cabrera 1 112 Corozo
Corozo 10 1,880 Candelones Main
5000
Copper
Targets
Mariano Cestero 4 1,061 Candelones Extension
Jimenez 4 1,045 Candelones Connector
Palo Quemado 1 176 0
1990 1998 2003 2004 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2019 2020
Grand Total 553 137,890
TSX.V: UGD unigoldinc.com 15REGIONAL EXPLORATION TARGETS
14 other Regional gold targets include
high amplitude gold-in-soil anomalies,
gold pathfinder element anomalies and
coincident large IP conductivity/resistivity
anomalies
MGN area
• Rock and Grab samples returned up to
10 g/t
• Rhyolites and Quartz-feldspar porphyry
intrusives outcrop
• Trenching returned up to 10 m @ 4.1 g/t
gold
• Short drillholes in 2010/2013 returned
disseminated mineralization with
barite/anhydrite enrichment
TSX.V: UGD unigoldinc.com 16Surface Geochemistry Compilations
Neita Fase II Concession • Dominican Republic
Volcanic center
marked by:
• Zone of magnetite CALCIUM
destruction (low
magnetic response)
due to reworking
and explosive
Airborne Magnetics Copper in Soil
activity
• Coincident Copper,
Moly and Al:Ti highs
are consistent with
the location of a
volcanic intrusive
halo
Molybdenum in Soil Aluminum:Titanium in Soil
TSX.V: UGD unigoldinc.com 17Surface Geochemistry Compilations
Neita Fase II Concession • Dominican Republic • 2007 to 2012
GOLD
1
Six cohesive gold-in-soil
anomalies have been identified
GOLD in Soils 10 Km
around the perimeter of an GOLD
interpreted volcanic center MGN area
2 Only Candelones has seen any
QFP AND RHYOLITE
significant drilling PLUG
Rancho Pedro and Juan De
3 Interpeted
Bosques are at least partially JUAN DE BOSQUES
Volcanic
covered by limestone to the south Km6
Center area
area
and have chargeability highs
4
MGN has coincident mag high,
arsenic and copper anomalies LOMA DE
MONTAZO area
RANCHO PEDRO
5 Loma de Montazo is the largest, area
highest amplitude IP anomaly on CANDELONES
1.15 MM oz M&I
the property 1.1 MM oz Inferred
TSX.V: UGD unigoldinc.com 18Surface Geochemistry Compilations
Neita Fase II Concession • Dominican Republic • 2007 to 2012
ARSENIC
GOLD PATHFINDERS:
ARSENIC IN SOIL ARSENIC
Arsenic is generally very
low in the Candelones
deposits but can build up
QFP AND
in residual soils on top of RHYOLITE PLUG
gold deposits through
redeposition in the
weathering profile
TSX.V: UGD unigoldinc.com 19Surface Geochemistry Compilations
Neita Fase II Concession • Dominican Republic • 2007 to 2012
GOLD PATHFINDERS:
BARIUM IN SOIL
Barite (BaSO4) can form
large halos above gold
deposits. Sulphate
complexes are some of
the best solutions for
transporting gold in
hydrothermal systems.
Large barium anomalies
may mark hydrothermal
centers.
TSX.V: UGD unigoldinc.com 20Surface Geochemistry Compilations
Neita Fase II Concession • Dominican Republic • 2007 to 2012
GOLD PATHFINDERS:
ZINC+LEAD IN SOIL
Zinc and Lead are
commonly found as
sphalerite (ZnS) and
galena (PbS) minerals in
gold deposits. Both
elements are relatively
immobile in surface
environments and can be
used as effective
pathfinders for gold
deposits.
TSX.V: UGD unigoldinc.com 21REGIONAL EXPLORATION TARGETS
14 other Regional gold targets include
high amplitude gold-in-soil anomalies,
gold pathfinder element anomalies and
coincident large IP conductivity/resistivity
anomalies
Jimènez - Neita area
• Mitsubishi Metals conducted mapping
and short scout drilling (7 DDHJimènez - Neita area
Neita Fase II Concession • Dominican Republic
The Jimenez-Neita area is
approximately 3 km long
and contains multiple CALCIUM
showings of copper veins,
up to 1 metre wide, in
basaltic rocks on the edge
of an intermediate
intrusion.
The last period of
exploration in this area
was in the 1970s, when
Mitsubishi placed 7 short
drill holes into the area.
No modern exploration
has been conducted in the
area. A north-south tending copper vein from the Neita showing with intense copper oxide staining.
TSX.V: UGD unigoldinc.com 23Jimènez - Neita area
Neita Fase II Concession • Dominican Republic
Grab sample (sawn surface) from Neita showing:
secondary quartzCALCIUM
with chalcocite and malachite
Grab sample (sawn surface) from Neita showing:
malachite, chalcopyrite, bornite, azurite
TSX.V: UGD unigoldinc.com 242021 Potential Price Catalysts
Q1 2021 Q2 2021 Q3 2021 Q4 2021
• Complete PEA
• Commence application process for exploitation license
Oxide • Commence BFS/ESIA
Resource
• Continue Oxide exploration programs
• Assemble final permits
• Update Resource estimate
Sulphide • Complete phase 2 metallurgical studies to finalize a process design
Resource • Complete trade-off studies for OP vs UG
• Continue exploration drilling to depth and along strike
Explore • Prioritize regional targets, complete compilations
Regional • Exploration drilling and Assessment
Targets
• Continue with local community engagement programs
CSR • Finalize sustainability framework
Programs
• Initiate national engagement program
TSX.V: UGD unigoldinc.com 25APPENDIX: SUPPLEMENTAL INFORMATION
Conceptual Geologic Model
Resource Statements
Management and Board Biographies
Unigold Website
Unigold SEDAR filings
TSX.V: UGD unigoldinc.com 26Stage 1
Silica rich tuffite SEA WATER Bedded sulphides
Candelones Deposit Brecciated and Massive
Conceptual Model Sulphides
Large massive sulphide mounds are Paleoseafloor
generally formed on the seafloor under high
confining pressures, sometimes venting
DACITE VOLCANICS /
directly to seawater (black smokers), and VOLCANOCLASTICS
sometimes diffusing through sediments to
form replacement deposits
Sericite Alteration
Stockwork
Chlorite Alteration
TSX.V: UGD unigoldinc.com 27Stage 2
Synchronous dacite layer
Candelones Deposit Diffuse VMS Zn, Pb,
Ag, Cu, Au
up to 150m thick deposited
as VMS enrichment is
mineralization ongoing
Conceptual Model SEAWATER
At Candelones, disseminated mineralization
seems to have diffused through dacitic
composition sediments in shallow water with DACITES
low confining pressures.
Continuing volcanism deposited less porous
volcanoclastic andesites above the dacites, VMS vents poorly
sealed the dacites and increased confining altered due to lack
of confining
pressures and temperatures pressure ANDESITES
DACITES
TSX.V: UGD unigoldinc.com 28Stage 3
ANDESITES
Candelones Deposit
Conceptual Model
A prolonged period of volcanism, earthquakes,
thrusting, cross faulting and island arc tectonics
tilted the strata….
DACITES
ANDESITES
….and opened up new pathways for the
mineralizing events to overprint existing deposits.
DACITES
TSX.V: UGD unigoldinc.com 29Candelones
Stage 4 Main Candelones Candelones
Connector Extension
Candelones Deposit
Conceptual Model ANDESITES
A late stage of intermediate epithermal
mineralization, driven by continuing
volcanism utilized new pathways and Target A
created new mineral assemblages and Au-Cu MS
zoning which overprints all previous DACITES
mineralization and fills permeable Target
C
structures with a mixed sulphide matrix Target
B
TSX.V: UGD unigoldinc.com 302021 Mineral Resource Estimate (effective date May 10, 2021)
Au oz
Mining Method Mineralization Type Category Tonnes (x1,000) Au g/t Strip Ratio
(x1,000)
Measured 1,851 0.82 49
Oxide (Heap Leach)
Indicated 1,616 0.82 42
OXIDES Total Measured + Indicated 3,467 0.82 91 0.13
Open Pit
Oxide (Heap Leach) 1,154 0.6 22
Inferred
Transition (Heap Leach) 478 0.87 13
Total Inferred 1,632 0.68 36
NSR$ Cut- Tonnes AuEq AuEq oz Au oz Ag oz Cu lb Strip
Mining Method Category Au g/t Ag g/t Cu %
off (x1,000) g/t (x1,000) (x1,000) (x1,000) (x1,000) Ratio
Measured 20 6,280 2.22 1.90 3.28 0.18 449 383 662 25,042
SULPHIDES Indicated 20 13,098 1.63 1.40 4.18 0.12 688 591 1,762 34,201
6.24
Open Pit M+I 20 19,378 1.82 1.56 3.89 0.14 1,137 974 2,425 59,243
Inferred 20 23,042 1.52 1.35 2.59 0.09 1,125 1,004 1,916 43,229
Measured 77 759 3.15 2.65 1.88 0.29 77 65 46 4,836
SULPHIDES Indicated 77 348 2.73 2.35 2.32 0.22 31 26 26 1,652
Underground M+I 77 1,107 3.02 2.56 2.02 0.27 107 91 72 6,488
Inferred 77 755 2.67 2.38 2.31 0.16 65 58 56 2,649
Total Measured and Indicated 20,484 1.89 1.62 3.79 0.15 1,244 1,065 2,497 65,731
Total Inferred 23,797 1.55 1.39 2.58 0.09 1,190 1,063 1,972 45,878
See Accompanying Notes on the following page
TSX.V: UGD unigoldinc.com 31Notes relating to Mineral Resource Estimate
1. Mineral resources were estimated by Mr. W. Lewis, P.Geo. and Mr. A. San Martin, MAusIMM(CP) of Micon International Limited. (“Micon”), a Toronto based consulting
company, independent of Unigold. Both Mr. Lewis and Mr. San Martin meet the requirements of a “Qualified Person” as established by the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014) (“the CIM Standards”). The mineral resource estimate has an
effective date of May 10, 2021.
2. The mineral resource estimate is based on a long-term gold price of US$ 1,700 per ounce and economic cut-off grades of 0.28 g/t Au (OXIDE PIT), 0.49 g/t Au (TRANSITION),
0.66 g/t Au (SULPHIDE – OPEN PIT) and 1.90 g/t Au (SULPHIDE – UNDERGROUND). Pit constrained resources are reported within an optimized pit shell; underground
resources are reported within continuous and contiguous shapes which lie adjacent to and below the ultimate open pit shell and interpreted to be recoverable utilizing
standard underground mining methods. NSR cut-offs are based on silver prices of $20.00 per ounce and copper prices of $4.00 per pound. The estimate assumes the
following metallurgical recoveries that are based on completed test work to date: Oxide 80%, Transition 50%, and Sulphide 84%.
3. The estimate assumes the following costs: Mining (Pit) US$ 2.35/tonne, Mining (Underground) US$ 60.00 Oxide Processing (Heap Leach) US$7.40 / t, Transition Processing
(Heap Leach) US$ 7.40/t, Sulphide Processing US$ 25.00/t ((Leach) and G&A US$ 2.39/t.
4. The pit constrained resource is reported within an optimized pit shell that assumed a maximum slope angle of 45 degrees.
5. Open pit mining recovery was assumed to be 100%. Open pit dilution was assumed to be 0%. Underground mining recovery was assumed to be 100%. Underground dilution
was assumed to be 0%.
6. Micon has not identified any legal, political, environmental or other risks that could materially affect the potential development of the mineral resource estimate.
7. The mineral resource estimates are classified according to the CIM Standards which define a Mineral Resource as “a concentration or occurrence of solid material of
economic interest in or on the earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location,
quantity, grade or quality, continuity and other characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge
including sampling. Mineral resources are sub-divided, in order of increasing geological confidence, into inferred, indicated and measured categories. An inferred mineral
resource has a lower level of confidence than an indicated mineral resource. An indicated mineral resource has a higher level of confidence than an inferred mineral
resource but has a lower level of confidence than a measured mineral resource.“
8. The CIM Standards define a Measured and Indicated Mineral Resource as: “that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical
characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the
economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume
geological and grade or quality continuity between points of observation.”
9. The CIM Standards define an Inferred Mineral Resource as: "that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited
geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a
lower level of confidence than that applying to an indicated mineral resource. It is reasonably expected that the majority of inferred mineral resources could be upgraded to
indicated mineral resources with continued exploration.“
10. All procedures, methodology and key assumptions supporting this mineral resource estimate shall be fully disclosed in a Technical Report that will be available on SEDAR and
the Company’s website on or about May 31, 2021
The reader is reminded that mineral resources are not mineral reserves and therefore do not have demonstrated economic viability.
TSX.V: UGD unigoldinc.com 32MANAGEMENT
Joseph Hamilton, P. Geo, CFA Wesley C. Hanson, P. Geo. Donna McLean
Chairman of the Board of Directors Chief Operating Officer Chief Financial Officer and
and Chief Executive Officer Secretary
Joe is a Professional Geologist with over 30 years of Wes joined Unigold's team in March 2013. Wes brings Donna has over 30 years’ experience
experience in mineral exploration, capital markets over 32 years of industry experience , including working with numerous publicly traded
and mine development. Joe has been involved in all exploration, mine development, mine operations, and private companies, specializing in
facets of the mineral development cycle from early project evaluation and financing. Wes was President the areas of financial reporting, controls
stage generative exploration to resource definition, and CEO of Noront Resources (2009 -- 2012), VP Mine and administration. She has served as
feasibility studies, environmental permitting, Development, Western Goldfields / Silver Bear CFO for several junior mineral
community consultations, project financing, and Resources (2006 through 2009), Director Technical exploration companies.
construction management. Joe has managed base Services, Kinross Gold (2002-2006) and Project
metal and gold projects in North America, Latin Geologist, SNC-Lavalin Engineers and Constructors
America and Africa. In addition to being a
Professional Geologist in Ontario, Joe is a
(1999-2002). Wes has also served on the Board of
Directors for Noront, Cobriza Metals and St. Eugene
Helga Fairhurst
Chartered Financial Analyst, a member of the CFA Mining. Earlier in his career, Wes supervised Corporate Secretary
Institute and a member of the Institute of numerous gold exploration projects throughout
Helga has over 12 years of experience
Corporate Directors. northern Canada and the US, many of which
successfully advanced from exploration projects with providing corporate secretarial and
through mine development and construction into administrative services to public
commercial operation. Wes graduated from Mount companies listed on the TSX, TSXV, and
Allison University in 1982 with a Bachelor of Science CSE within the mining industry. She has
worked for several mineral exploration
degree in Geology.
companies including U.S. Silver
Corporation (now U.S. Silver and Gold
Inc.), Carlisle Goldfields Limited and
Idaho Champion Gold Mines Canada
Inc.
TSX.V: UGD unigoldinc.com 33BOARD OF DIRECTORS
Joseph Hamilton, Charles Page, Joseph Del Campo, CPA, CMA Steven Haggarty, P.Eng. Normand Tremblay
P. Geo, CFA M.Sc., P.Geo. Director Director Director
Chairman of the Board of Lead Director Audit Committee Chairman Mr. Haggarty is the Managing Mr. Tremblay is the former
Directors and Chief Executive In addition to being a Mr. Del Campo holds Chartered Director of Haggarty Technical CEO of United Bottles &
Officer Professional Accountant (CPA) Services Corp., a consulting Packaging of Laval, Quebec.
Professional Geologist, Mr.
Mr. Hamilton is a Professional Page has acted as senior and Certified Management engineering company providing
Geologist with over 35 years of officer, director and CEO for Accountant (CMA) designations. project, process and risk
experience in mineral several publicly traded junior He began his career with management services to the
exploration, capital markets and resources companies. Over Falconbridge Limited and spent mining industry. Prior to forming
mine development. Mr. the past 30 years, Mr. Page over 19 years working within the Haggarty Technical Services, Mr. Jose Acero
Hamilton has been involved in has developed, organized and Falconbridge group of companies Haggarty had a lengthy 40 year
Director
all facets of the mineral implemented major at progressive financial positions, career with companies including
development cycle from early including Controller and Barrick Gold, Homestake Mining, Mr. Acero is a residient of the
exploration projects in several
stage generative exploration to Treasurer of Falconbridge International Corona and Teck Dominican Republic. He has
mining camps in Canada and
resource definition, feasibility Dominicana, a ferronickel Corporation. His metallurgical 20 years of experience as
in the Republic of Cuba. He is
studies, environmental operation in the Dominican background and operational metal trader. He holds a
familiar with all aspects of
permitting, community Republic; and Falconbridge Gold experience includes copper, business degree from the
exploration from grass-roots
consultations, project financing, Corporation, a gold mining molybdenum, gold, silver and PGM Universidad Nacional Pedro
projects to feasibility studies,
and construction management. company with operating mines in group metals at mining operations Henriquez Ureña in Santo
production and mine closure.
Mr. Hamilton has managed base Africa and Timmins, Ontario. involving copper SX-EW, flotation, Domingo, DR. Mr. Acero sits
His primary geological
metal and gold projects in North Over the past 20 years, Joseph heap leaching, pressure oxidation, on the Management Board of
expertise is in Precambrian
America, Latin America and has been a Director and Vice roasting and CIL recovery plants. the Dominican Electric
gold and base metal,
Africa. In addition to being a President, Finance and Chief Mr. Haggarty is a member of the Transmission Company
epithermal gold, porphyry
Professional Geologist in Financial Officer (CFO) of a Professional Engineers of Ontario (ETED)
copper-gold and
Ontario, Mr. Hamilton is a disseminated gold deposits. number of junior exploration and the Canadian Institute of
Chartered Financial Analyst, a He is also a director of Osisko companies listed on the TSX and Mining and Metallurgy. He is a
member of the CFA Institute Gold Royalties Ltd. TSX Venture Exchange. graduate of McGill University with
and a member of the Institute of a degree in Metallurgical
Corporate Directors. Engineering.
TSX.V: UGD unigoldinc.com 34TSX.V: UGD unigoldinc.com
CONTACT
INFORMATION
Ste. 2100 – 401 Bay St.
Joseph Hamilton P.O. 55
Chairman & CEO Toronto, Canada M5H 2Y4
jhamilton@unigoldinc.com
unigold@unigoldinc.comYou can also read
