Unigold Updates Mineral Resource Estimate for the Candelones Project

May 13, 2021

Measured and Indicated (“M&I”) Resources of 24.0 M tonnes averaging 1.50 g/t Au containing 1,158,000 ozs Au (includes 91,000 ozs of oxide).
Inferred Resources of 25.4 M tonnes averaging 1.34g/t Au containing 1,099,000 ozs. Au (includes 36,000 ozs of oxide).
M&I Resource contains 2.5 million ounces of silver and 65.7 million pounds of copper; Inferred resource contains and additional 1.97 million ounces of silver and 45.9 million pounds of copper.
66% conversion of historic inferred resource to M&I.
310,000 ounces moved from underground into open-pit resource as compared to the historic 2013 estimate.
Additional 200,000 ounces added to the open-pit resource from recent drilling as compared to the 2013 estimate.

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