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UGD.V ·

Unigold Inc. Announces Grant of Incentive Options

Share Capital & Compensation

Unigold Inc. Press Release: 2020-20, SEP 28, 2020 1

UNIGOLD INC.

Ste. 2100 – 401 Bay St., P.O. 55, Toronto, Canada M5H 2Y4

T. (416) 866-8157

www.unigoldinc.com

PR No. 2020-20

Unigold Inc. Announces Grant of Incentive Options

TORONTO, September 28, 2020 - Unigold Inc. Corp. (the “Company") (TSXV: UGD) (FSE:

UGD1) (OTCQX: UGDIF) announces that the Board of Directors has approved the grant of

stock options ("Options") to directors, officers, employees and consultants of the Company

allowing for the acquisition of an aggregate of up to 6,000,000 common shares of the

Company ("Shares"). An aggregate of 4,500,000 Options were issued with an exercise price

of $0.34 per Share, with an expiry date of September 28, 2021. The remaining 1,500,000

Options were issued with an e xercise price of $0.34 per Share and an expiry date of

September 28, 2022. The grants 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, focused primarily on exploring and developing its gold

assets in the Dominican Republic.

For further information please visit www.unigoldinc.com or contact:

Mr. Joseph Hamilton

Chairman & CEO

[email protected]

T. (416) 866-8157

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.