Unigold Inc.

TORONTO, ONTARIO -- (Marketwire) -- 10/14/11 -- Unigold Inc. (TSX VENTURE: UGD) is pleased to announce a proposed non-brokered private placement of up to 25,000,000 units of securities $0.10 per unit (each, a 'Unit') for gross proceeds of up to $2,500,000 (the 'Offering'). Each Unit comprises one common share of the Corporation ('Common Share