Unity Energy Corp. Amends Thorburn Lake Option Agreement
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www.unityenergycorp.com
UNITY ENERGY CORP. AMENDS THORBURN LAKE OPTION AGREEMENT
August 19, 2015 – Unity Energy Corp. (UTY:TSX.V) (“Unity” or the “Company”) is pleased to announce that it has amended the terms of its option agreement with an arms’ length vendor to acquire a 100% interest in the Thorburn Lake Property, located in the northeastern Athabasca Basin.
Under the terms of the amended agreement, outstanding cash commitments have been restructured as follows; the Company must make a cash payment to the vendor of $50,000 on or before December 22, 2016 and pay the remaining $590,000 over four years. In addition, the work commitment on the Thorburn Lake Project has been reduced from $2,500,000 to $1,000,000, and is required to be completed on or before December 22, 2019. To date, Unity has completed approximately $100,000 in exploration expenditures at Thorburn Lake. As consideration for these amendments, Unity has agreed to issue 1,100,000 common shares to the vendor subject to TSX Venture Exchange approval.
For more information, contact the Company at 604-681-0004 or visit www.unityenergycorp.com
On Behalf of the Board of Directors of Unity Energy Corp.
Anita Algie Anita Algie B.Sc. Hon, President
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.