Unigold Provides an Update on Activities in the Dominican Republic

• Unigold Inc. issued an update on May 6, 2026, clarifying that recent political actions in the Dominican Republic regarding the GoldQuest Romero project do not impact its Neita Norte or Neita Sur projects.
• The company confirmed work permits were renewed in early April 2026 and remain in good standing with no expected interruptions to 2026 work programs.
• A stakeholder survey conducted in February 2026 indicates over 70% community support for accelerating environmental studies at the flagship Candelones project.
• Financial position reported as having greater than C$9 million in cash as of March 31, 2026.
• The Barrick Gold earn-in agreement for Neita Norte remains active, allowing Barrick to earn up to a 60% interest by spending $12 million over eight years and delivering a Pre-feasibility Study.

• Risk Mitigation: The primary materiality of this release is the mitigation of political contagion risk. While the GoldQuest Romero project halt in San Juan Province caused regional uncertainty, Unigold confirms its concessions are in Dajabon Province and unaffected. This stabilizes sentiment but does not fundamentally alter the valuation thesis established by previous permitting news.
• Capital Confirmation: The confirmation of >C$9 million cash (March 31) combined with the $8.97 million warrant exercise proceeds from April 2026 provides a liquidity buffer of approximately C$18 million. This is sufficient for near-term exploration but highlights a funding gap for the oxide project's $36 million capital cost.
• Permitting Continuity: The news confirms the April 1st permit renewal remains valid, removing ambiguity regarding operational status in Q2 2026. However, this was largely anticipated given the previous announcement of the renewal.
• Market Reaction Context: The stock price dropped sharply from $0.45 (April 27) to $0.25 (May 5) prior to this news release, indicating the market had priced in significant political risk before the clarification arrived. This news serves as a floor stabilizer rather than a catalyst for new upside.

• Company Strategy: Advance Neita concessions from exploration to exploitation using a low-capex oxide project and high-grade sulphide resource.
• Flagship Project (Candelones): Located on the Neita Sur concession in the Dominican Republic.
• Oxide Portion: Feasibility study completed Q4 2022 with 44% IRR at $1,650/oz gold. Capex estimated at $36 million. Production guidance of ~100,000 oz/year.
• Sulphide Portion: Resource estimate of ~1.1M oz Measured & Indicated plus 1.1M oz Inferred. Requires significantly higher capital ($250M) for development compared to oxide.
• Neita Norte: Exploration concession with an earn-in agreement with Barrick Gold (up to 60% interest).