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Key Project on Neita: Los Candelones

The Los Candelones gold deposit is the most advanced project on the Neita property.  To date more than 133 holes have been drilled on the project and gold mineralization has been followed over a strike length of more than 900m and a vertical depth of 250m.  Mineralization at Los Candelones is characterized by wide sections of low grade disseminated mineralization crosscut by high grade gold-chalcopyrite-enargite veins.  Drill hole DC120 is a good example of this mineralization with assays of 0.79g/t Au over 106m including 5.5g/t Au over 10m.
 

Exploration upside remains excellent.  Not only is the Los Candelones deposit open at depth and along strike but exploration efforts have recently uncovered several mineralized zones nearby.  For example, trenching at the Candelones Southwest zone yielded 18m at 1.8g/t Au, 36m at 1g/t Au. 

Gold mineralization at Los Candelones is part of a high-sulfidation epithermal system and occurs in a stockwork of quartz-pyrite-chalcopyrite-enargite-sphalerite within a large clay alteration envelope. Most of the gold mineralization is associated with illite-quartz alteration but certain high-grade sections occur with higher temperature alterations containing alunite and/or nacrite-dickite.  Diamond drill holes SC-27 and SC-29 returned high grade gold intersections over 4 meters of 12.5g/t and 10.6g/t respectively.  The association of gold mineralization with copper and zinc is similar to the mineralization at Pueblo Viejo.

Facts on Los Candelones Deposit:

• Gold deposit occurs within same Cretaceous volcanic belt and with similar and structure as Pueblo Viejo which contains 20.4 million ounces of gold (proven and probable resource).
  

• Los Candelones gold mineralization occurs within a 1200 meter by 600 meter gold in soil anomaly and coincident IP chargeability high.
  

• Gold mineralization is a high-sulphidation, epithermal vein system, associated with pyrite, minor chalcopyrite, enargite and sphalerite.
  

• Gold occurs within altered, silicified and brecciated dacitic host rock.
  

• The 20 to 30 meter thick core stockwork zone grades 1.0 to 4.4g/t gold and is enclosed within up to 100 meters of pyroclastic rocks grading 0.3 to 0.5g/t gold.
  

• More than 133 diamond drill holes partly outlined significant gold mineralization. Gold grades close to surface up to 2.2g/t over 61 m, 4.4 /t over 25 m and 3.6g/t gold over 26 m.
  

• Delineating extensive 15-30 meter thick gold zone in the oxide cap.
  

• Trench results on strike to the known gold mineralization are up to 45g/t over 11 m.

• Drilling highlights on Los Candelones include: 2.1g/t Au over 61m (including 6.9g/t Au over 10m) in hole SC29, 1.1g/t Au over 82m in hole SC40, 1.8g/t Au over 63m in hole DC46 and 0.8g/t Au over 103m in hole DC98.

• Gold mineralization is a moderate sulphidation, epithermal vein system, hosted in dacitic pyroclastic rocks in a 20-30 meter thick stockwork containing pyrite, sphalerite and chalcopyrite.

• The 20-30 meter thick core stockwork zone grades 1.0 to 4.4g/t gold and is enclosed within up to 100 meters of pyroclastic rocks which grade 0.3 to 0.5g/t gold.

• Gold mineralization zone is wide open along strike and down dip.

• Operating in a very stable country possessing good infrastructure, with a history of successful mining.

• Owned 100% by Unigold, no royalties. No corporate taxes for 18 years.

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