Unity Receives Default Notice ON Margurete GOLD Project

#313-515 West Pender Street, Vancouver, British Columbia, V6B 6H5, Canada

www.unitymetalscorp.com

NEWS RELEASE

UNITY RECEIVES DEFAULT NOTICE ON MARGURETE GOLD PROJECT

Vancouver, Canada – August 7, 2019 – Unity Metals Corp. (“Unity” or the “Company”) (TSXV:

UTY) advises that it has received a default notice from Anstag Mining Inc. (“Anstag”) with respect

to an option agreement entered into by the Company in connection with the acquisition of the

Margurete Gold Project (the “Project”). The default relates to certain option commitments which

the Company has been unable to satisfy with current working capital. Failure to cure the defaults

could result in termination of the option.

The Company is currently in discussions with Anstag in an attempt to renegotiate the terms of the

option, and extend the payment deadline, in order to allow the Company to retain the Project and

continue its exploration program. The Company is also exploring options for financing the

continued development of the Project. The Company will keep investors informed of its progress

as further information becomes available.

The Project covers approximately 678 hectares of mineral claims, located in the Phillips Arm Gold

Camp in southwest British Columbia, and hosts the FB Zone, the Company’s primary gold target.

On behalf of the Company,

Peter Born

Peter Born, President

Phone: (604) 681-0004

Email: [email protected]

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.

This news release may contain forward-looking statements. These statements are based on current expectations and

assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors

discussed in the management discussion and analysis section of our interim and most recent annual financial statement

or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not

assume any obligation to update any forward-looking statements, except as required by applicable laws.