Unigold Appoints Mr. Gordon Babcock as Chief Operating Officer
UNIGOLD INC.
Ste 2100, 401 Bay Street,
P.O. Box 55, Toronto, ON M5H 2Y4
T. (416) 866-8157
www.unigoldinc.com
PR No. 2021-19
Unigold Appoints Mr. Gordon Babcock as Chief Operating Officer
Toronto, Ontario, December 2, 2021 – Unigold Inc. (“Unigold” or the “Company”) (TSX-
V:UGD; OTCQX: UGDIF; FSE:UG B1) is pleased to announce the appointment of Gordon
Babcock, P.Eng. as Chief Operating Officer (“COO”). Mr. Babcock will be responsible for
supervising all engineering and technica l activities o f Unigold Inc. and it’s operating
subsidiaries as Unigold moves towards development of its Candelones Project. Mr. Wes
Hanson, the current COO of the Company, will assume the role of Vice -President of
Exploration and continue to be responsib le for the exploration activities at the
Company’s flagship Neita Concession.
Joseph Hamilton, Chairman and CEO of Unigold, comments, “ I am excited to welcome
Gordon into the senior management team at Unigold. We are fortunate to have been able to
attract someone with Mr. Babcock’s exceptional skills and experience developed over 35 years
in operations and project management . Mr. Babcock will be instrumental completing the
feasibility study for the Oxide Project at Candelones and demonstrating how the Sulphide
Project can be developed to integrate into the long -term plans for the Candelones deposits.
We look forward to working with Gordon as we move through this tra nsformative phase for
Unigold.
I would like to thank Wes Hanson for his role in pushing the Candelones deposits towards
development. Wes has been involved with Candelones for the past 8 years and has been
instrumental in developing the geological concept s that will carry the project forward. Mr.
Hanson will assume responsibility for the Company’s exploration efforts in addition to the
geology support that will be required as the Sulphide Project is assessed. I look forward to
continuing to work with Wes as the Company turns its attention to the larger Nieta Concession
and the assessment of 15 high priority targets that have been identified through our regional
exploration work.”
Mr. Babcock is a mining executive with over 35 years of experience in mine management
in both underground and open pit operations, project development, engineering,
exploration and mine consulting in precious, base metals and aggregate operations in
Unigold Inc. Press Release: PR2021-19 December 2, 2021 2
the Americas. He has been involved with new operations, asset optimizations and
strategies for stakeholder engagement in Peru , Chile, Brazil, Honduras, Spain, Bolivia,
Argentina, the U.S.A and Canada. Mr. Babcock is a graduate of Queens University and is
a member of the Association of Professional Engineers Ontario.
The Company also announces that the Board of Directors has approved the grant of
stock options ("Options") to employees of the Company allowing for the acquisition of
an aggregate of up to 1,050,000 common shares of the Company ("Shares") with an
exercise price of $0. 15 per Share and an expiry date of December 1, 2026. The options
will vest at 33% every six months beginning June 1, 2021. The grant of Options were
issued pursuant and subject to the terms and conditions of the Company's stock
incentive plan and TSX Venture Exchange policies.
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, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt
Stock Exchange under the symbol UGB1. The Company is focused primarily on exploring and
developing its gold assets in the Dominican Republic. The Ca ndelones oxide gold deposit is
within the 100% owned Neita Fase II exploration concession located in Dajabón province, in the
northwest part of the Dominican Republic. The Candelones project area is about 20 kilometers
south of the town of Restauraćion. The oxide deposit occurs at surface as a result of the tropical
weathering of underlying mineralization. Unigold has been active in the Dominican Republic
since 2002 and remains the most active exploration Company in the country. The Neita Fase II
exploration concession is the largest single exploration concession covering volcanic rocks of the
Cretaceous Tireo Formation. This island arc terrain is host to Volcanogenic Massive Sulphide
deposits, Intermediate and High Sulphidation Epithermal Systems and C opper-gold porphyry
systems. Unigold has identified over 20 areas within the concession area that host surface
expressions of gold systems. Unigold has been concentrating on the Candelones oxide
mineralization and continues to expand the deeper sulphide resources with on-going drilling.
For further information please visit www.unigoldinc.com or contact:
Mr. Joseph Hamilton
Chairman & CEO
416.866.8157
Forward-looking Statements
Certain statements contained in this document, 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
Unigold Inc. Press Release: PR2021-19 December 2, 2021 3
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”, “pla ns”, “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 st atements 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.
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of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.