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Unigold Inc. (TSXV: UGD; OTC Pink: UGDIF; FSE: UGB1) said it is aware of a statement by Dominican Republic President Luis Abinader concerning exploration and development activities at the Romero Project operated by Goldquest Mining Corp.
On May 4, 2026, President Abinader announced a halt to activities related to the Goldquest Romero project following public concerns. Unigold said the president’s remarks were specific to the Romero project and do not extend to other mining or exploration projects operating in the country, including Unigold’s Neita Norte and Neita Sur projects. The company added that it is not involved in or associated with the Romero project.
Unigold said it holds a 100% right to the Neita Sur and Neita Norte projects. It noted that these projects are outside San Juan Province, where the Romero project is located and where recent protests originated. Unigold said it has been operating the Neita projects in Dajabon Province for more than 20 years and has maintained “consistently good relations” with local communities.
Unigold said it maintains a fully staffed Community Information Office in local communities and provides communications it describes as transparent. The company cited a February 2026 outreach program that included a stakeholder survey to gauge public support for the Candelones project.
According to Unigold, the results showed “overwhelming support” (greater than 70%) for accelerating environmental studies related to the Candelones project. The company said a similar portion of respondents indicated the project should proceed if environmental and social impact assessment results are positive.
Unigold said community members in remote areas are primarily interested in employment and economic spin-off opportunities, as well as potential infrastructure improvements including transportation, utilities, health and education. It also said the communities expressed concerns about water quality, surface impacts, and benefit-sharing agreements.
The company said the study provides a framework for future community engagement programs and is intended to help design benefit-sharing agreements to maximize impact for local communities.
Joseph Hamilton, Chairman and CEO of Unigold, said the announcement by President Abinader relates only to the Romero project and has no impact on the Candelones project. He added that Unigold’s concessions remain in good standing and that its work permits were renewed in early April and also remain in good standing.
Hamilton said Unigold expects no interruption to its work programs and anticipates they will “smoothly progress” for the remainder of 2026. He also said the company continues open dialogue with the Dominican government and plans to work closely with local communities as it moves toward development at Candelones.
Unigold described itself as a well-funded Canadian mineral exploration company with more than C$9 million in cash as of March 31, 2026. The company said its multi-million ounce Candelones gold deposits are within the 100% owned Neita Sur concession in Dajabon Province in the northwest Dominican Republic. It reported that the Neita Sur concession covers 9,990 hectares and has advanced through permitting stages, now awaiting the granting of an Exploitation Concession.
Unigold said it delivered a feasibility study for the oxide portion of the Candelones deposit in Q4 2022. It also said the 10,902-hectare Neita Norte exploration concession was awarded in Q2 2023.
The company stated that in early 2024 it completed an earn-in agreement with Barrick Gold. Under the agreement, Barrick can earn up to a 60% interest in the Neita Norte concession by spending a minimum of $12 million over an eight-year period and delivering a pre-feasibility study on an identified deposit. Unigold said Barrick can earn an additional 20% by electing to sole-fund a feasibility study within the following four years.
Unigold said the two concessions together provide the largest single exposure of volcanic rocks of the Cretaceous Tireo Formation, an island arc terrain that hosts multiple deposit types including volcanogenic massive sulphide deposits, intermediate and high sulphidation epithermal systems, and copper-gold porphyry systems. The company said it has identified more than 20 areas within the concession areas with surface expressions of gold systems and is working to bring the Candelones deposits into production.
Unigold Inc.
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