Unigold Inc.

2021 ESG Report

Published on June 28, 2022

MISSION

Unigold Inc. is a mineral exploration company focused on the exploration and development of gold and base metal projects in the Dominican Republic. Our principal objective is to create value for all stakeholders through sustainable development and the application of best practices in mining. We are committed to protecting the health and wellbeing of our employees, the environment and the communities where we work.

VISION

To become a recognized mining company in the Dominican Republic focused on responsible and sustainable production through skills transfer, best-in-class operating procedures, open and transparent relations with our local communities and healthy respect for the environments where we operate.

VALUES

1. Excellence – A commitment to focus on a culture of best business practices.
2. Health and Safety - Zero harm to our employees, the environment and communities is our goal.
3. Dignity and Respect – Equal treatment and opportunity for all employees and community groups with transparent processes founded on dignity and respect.
4. Sustainability – Sustainable growth for our business and our communities that is supported by a safe, profitable and socially responsible business while developing long-term resources.
5. Collaboration – Productive, responsive, transparent and ethical working relationships with communities and public agencies for the benefit of all stakeholders.

Disclaimer and Forward Looking Statements

Company Profile

Organizational Profile

Name

Unigold Inc.

Describe nature of activities, brands, products and services

Unigold is a Canadian based mineral
exploration company traded on the TSX
Venture Exchange under the symbol UGD, the
OTCQX exchange under the symbol UGDIF,
and on the Frankfurt Stock Exchange under the
symbol UGB1.

The Company is focused primarily on exploring
and developing its gold assets in the Dominican
Republic. The Candelones oxide gold deposit is
within the 100% owned Neita Fase II
exploration concession located in Dajabón
province, in the northwest part of the
Dominican Republic. The Candelones project
area is about 20 kilometers south of the town
of Restauraćion. The oxide deposit occurs at
surface as a result of the tropical weathering of
underlying mineralization.

Unigold has been active in the Dominican
Republic since 2002 and remains the most
active exploration Company in the
country. The Neita Fase II exploration
concession is the largest single exploration
concession covering volcanic rocks of the
Cretaceous Tireo Formation. This island arc
terrain is host to Volcanogenic Massive
Sulphide deposits, Intermediate and High
Sulphidation Epithermal Systems and Copper-
gold porphyry systems.

Unigold has identified over 20 areas within the
concession area that host surface expressions
of gold systems. Unigold has been
concentrating on the Candelones
mineralization and continues to expand the
deeper sulphide resources with on-going
drilling.

Link to Corporate Website

https://www.unigoldinc.com/

Industry Classification

NAICS:
21222 Gold and silver ore mining

Market Capitalization

$0-$100Million USD

Type of Operations

Exclusively non-producing operations

Company Headquarters

Toronto, Canada

Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy; previously published Sustainability/ESG performance or reports. (URL)

Health and Safety

Sustainability and Environment

People and Community

ESG Accountability

Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance.

Joseph Hamilton, CEO

ESG Reporting Period

Unless otherwise noted, all data contained in this report covers the following period:

From

2020-01-02

2022-01-01

Geographic Scope of Report

Unless otherwise noted, the data in this report covers ESG matters related to the following locations of operations

Dominican Republic

Neita Concession

Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.)

This report does not contain any notable
exclusions.

Unigold intends to divide the Candelones
concession in 2022. The Southern side
consists of 9990 hectares for exploitation. The
Northern side concession consists of 11010
hectares for exploration. This report contains
data for both areas.

Fragile and Conflict-Affected Situations

Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations"

None

Business Operations Scope of Report

This report does not include data from our
leased management offices.

Mineral Resource Types in Scope

Which of the following mineral resource types are covered by this report

• Inferred
• Indicated
• Measured

May 2021 43-101

Mineral Reserve Types in Scope

Which of the following mineral reserve types are covered by this report

None

Currency

Unless otherwise noted, all financial figures referenced in this report are in the following currency

CAD

Audit Status

Identify the degree to which any inputs of the report are third-party checked:

Self-Declared

Organizational Profile

Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact

Unigold aligns with the following international
guidelines and reporting standards:
IFC-International Finance Corporation
Performance Standards
Equator Principles
CDP - Carbon Disclosure Project
GRI - Global Reporting Initiative
GRI Comprehensive - Global Reporting
Initiative - Comprehensive
GRI Core - Global Reporting Initiative - Lite
GRI MM Supplement - Global Reporting
Initiative - Mining and Metals Supplement
ICMM - The International Council on Mining
and Metals
ISS - ISS ESG Governance Quality Score
ONYEN - Institutional and Investor Questions
PRI - Principles of Responsible Investing - UN
Funded
SASB - Sustainability Accounting Standards
Board
SASB Modified - Sustainability Accounting
Standards Board - Modified
UGC - UN Global Compact

Strategy

Provide a statement from the most senior decision-maker of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainability to the organization and its strategy for addressing sustainability (CEO's message for this report)

Please see attached document.

CEO Statement

Provide a description of key impacts, risks, and opportunities,

For a description of key impacts, risks and
opportunities please see attached document.

Unigold Key Risks, Impacts, and Opportunities

Ethics and Integrity

Provide a description of the organization’s values, principles, standards, and norms of behaviour

The Company has a zero tolerance for bribery
and corruption. Our policies regarding Anti-
Corruption and Bribery, as well as a Code-of-
Conduct for personnel, are distributed to our
employees and posted on our website.

Taking a stance against corruption, bribery and
fraud is a long-term commitment of the
Company and is one of our sustainability
principles. Our commitment to operate
responsibly applies to all levels of our
organization. As we transition to production,
we will undertake supply chain audits on a
regular basis and we will implement a Supplier
Code of Ethics.

We encourage all of our employees to report
any possible Code of Conduct and/or an Ethics
violations including any suspicions of bribery or
corruption. We have had no reported incidents
during 2021, but any future reported breaches
will be assessed and investigated as
appropriate. By monitoring and tracking cases
we hope to identify trends so that we may
provide additional training, enforce disciplinary
actions or report activities to the appropriate
authorities.

Unigold Code of Conduct Policy

Unigold Foreign Corrupt Practices Policy

Unigold Whistleblower Policy

Environment

Compliance

a. Report fines and non-monetary sanctions for non-compliance with environmental laws and/or regulations in terms of:

i. Total monetary value of significant fines

ii. Total number of non-monetary sanctions

iii. Cases brought through dispute resolution mechanisms

b. If the organization is in compliance with environmental laws and/or regulations, a brief statement if this fact is sufficient

Unigold is in compliance with all environmental
laws and/or regulations in the countries where
we operate.

Greenhouse Gas Emissions

Scope 1

For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e):

Carbon dioxide (CO₂) (tonne CO₂-e)

397.254

Methane (CH₄) (tonne CO₂-e)

Nitrous oxide (N₂O) (tonne CO₂-e)

Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e)

Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e)

Sulphur hexafluoride (SF₆) (tonne CO₂-e)

Nitrogen trifluoride (NF₃) (tonne CO₂-e)

Perfluoromethane (CF₄) (tonne CO₂-e)

Perfluoroethane (C₂F₆) (tonne CO₂-e)

Perfluorobutane (C₄F₁₀) (tonne CO₂-e)

Perfluorohexane (C₆F₁₄) (tonne CO₂-e)

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

397.254

The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms.

0.0000%

Currently all initiatives for emissions
reduction in the Dominican Republic are
voluntary. Unigold will consider implementing
GHG reduction technologies during design
work for future operations.

The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions.

Gasoline and diesel usage is primarily for
transportation and drilling. No alternative
sources are readily available for
replacement. As future operations are
engineered and designed, the Company will
work to incorporate alternative energy sources
into our power requirements.

Intensity Ratio

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

397.254

Carbon Offset

Credits

How much CO₂ (metric tonnes) offset credits were purchased?

Air Emissions

Report emissions of air pollutants that are released into the atmosphere:

Emissions of carbon monoxide, reported as CO (tonne)

The Company does not conduct any mining,
smelting or refining operations. Any emissions
are related to exploration phase work and are
ancillary to utilizing diesel, gasoline and LPG in
our operations. The amounts of these
substances utilized is relatively low during the
exploration phase. These emissions will be
calculated during an operations phase.

Emissions of oxides of nitrogen (NOx), reported as NOx (tonne)

Emissions of oxides of sulphur (SOx), reported as SOx (tonne)

Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne)

Emissions of lead and lead compounds, reported as Pb (tonne)

The Company does not conduct any mining,
smelting or refining operations. Any emissions
are related to exploration phase work and are
ancillary to utilizing diesel, gasoline and LPG in
our operations. these substances are, to the
Company's knowledge, lead -free.

Emissions of mercury and mercury compounds, reported as Hg (tonne)

The Company does not conduct any mining,
smelting or refining operations. Any emissions
are related to exploration phase work and are
ancillary to utilizing diesel, gasoline and LPG in
our operations. these substances are, to the
Company's knowledge, mercury-free.

Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne)

The Company does not conduct any mining,
smelting or refining operations. Any emissions
are related to exploration phase work and are
ancillary to utilizing diesel, gasoline and LPG in
our operations. these substances are, to the
Company's knowledge, VOC -free.

Energy Management

Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy)

83.4

Percentage energy consumed that was supplied by grid electricity

0.0000%

Percentage of energy consumed that is renewable energy

0.0000%

Water

Efficiency

Proportion of water reused and recycled by the site to reduce the overall consumptive water demand:

25.0125%

Water Management

Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters):

7.996

Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn

0.0000%

Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed:

Does Not Apply

Disclose the amount of water that was consumed in its operations (in thousands of cubic meters)

Unigold has no operations or manufacturing
that consume water. Activities are limited to
drilling and exploration work where all water is
discharged back to the environment.

Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters)

Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations

Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards.

Water and Effluents

Water Consumption

Report the total water consumption from all areas in megaliters

7.996

Waste Management

Weight of tailings waste material that was reused (tonne)

Weight of recycled or remanufactured (through treatment or processing) by the entity (tonne), e.g., backfill

Amount of tailings waste sent externally for further recycling (tonne)

Percentage of mineral processing waste that was recycled during the reporting period:

Does Not Apply

Innovation

Spending on Research, Development, and Technologies for waste management compliance and improvement

Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement

At this exploration stage, investment in waste
management research and development is not
a material issue. Efforts are focused on
recycling and reduction.

Biodiversity

Management Plan

List the environmental and biodiversity management plan(s) implemented at active sites

During exploration activities all sites are
subject to continuous and immediate
reclamation. None of the biodiversity studies
conducted in the Neita concession have
identified any species of concern.

In addition, the Company expects to have a
reforestation agreement with the local
government and will develop a tree nursery
program at its exploration camp.

As part of the agreement, the Company will be
hosting, managing and preserving a small
forest area in collaboration with the Ministry
of the Environment.

1.1 Mine lifecycle stages to which the plan(s) apply

• Pre-bid (when the entity is considering
acquisition of a site)
• Exploration and appraisal

1.2 The topics addressed by the plan(s)

• Ecological and biodiversity impacts
• Discharges to water

1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups)

Unigold has utilized the standards below to
develop its biodiversity management strategy.

Dominican Environmental Law

GRI Biodiversity Standard

Equator Principles Guided Notes for
Biodiversity

Impacts

Does access to the site involve traversing a protected area

Do any of the entities concessions share a watershed with a protected area

Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve

The Neita Project is located in the Dajabon
Province on the western-side of the country. It
is a 5-hour drive through Carretera Duarte
(Hwy 1) and the Loma de Cabrera to
Restauracion Highway (Hwy45). All access to
site is through public roads.

Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat:

Does Not Apply

Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat:

Does Not Apply

Percentage of inferred, indicated and measured reserves in sites with protected conservation status or in areas of endangered species habitat:

0.0000%

Social

Employment

Scale of the Organization

i. Report the total number of direct employees worldwide (exclude contractors)

101

For the purpose of this report we are including
our Board of Directors as part of our employee
pool. Please note that as a member of the Board
our CEO is counted as both a Board member
and Senior Management Executive.

ii. Report the total number of contract employees worldwide

For the purpose of this report, contract
employees are defined as independent
individuals that work solely for UNIGOLD.

Female employees and contractors as percentage of total employees and contractors

9.8039%

Male employees and contractors as percentage of total employees and contractors

90.1961%

Non-binary employees and contractors as percentage of total employees and contractors

0.0000%

Total number of employees and contractors with gender not disclosed

Employees and contractors with gender not disclosed as percentage of total employees and contractors

0.0000%

Report the total number of operations

Employee Information

Report the total number of direct employees by employment type (permanent and temporary), by gender:

101

Total number of permanent employees

Total number of permanent employees - female

Total number of permanent employees - male

Total number of permanent employees - Non-binary

Total number of permanent employees - Gender not disclosed

Total number of temporary employees

Unigold had 83 temporary employees in this
reporting period.

Total number of temporary employees - female

Total number of temporary employees - male

Total number of temporary employees - Non-binary

Total number of temporary employees - Gender not disclosed

Report the total number of contractors by employment type (permanent and temporary), by gender:

Total number of permanent contractors

Total number of permanent contractors - female

Total number of permanent contractors - male

Total number of permanent contractors - Non-binary

Total number of permanent contractors - Gender not disclosed

Total number of temporary contractors

Total number of temporary contractors - female

Total number of temporary contractors - male

Total number of temporary contractors - Non-binary

Total number of temporary contractors - Gender not disclosed

Report the total number of employees by employment type (full-time and part-time), by gender:

101

Total number of full-time employees - female

Total number of part-time employees - female

Total number of full-time employees - male

Total number of part-time employees - male

Total number of full-time employees - Non-binary

Total number of part-time employees - Non-binary

Total number of full-time employees - Gender not disclosed

Total number of part-time employees - Gender not disclosed

Report the total number of contractors by employment type (full-time and part-time), by gender:

Total number of full-time contractors - female

Total number of part-time contractors - female

Total number of full-time contractors - male

Total number of part-time contractors - male

Total number of full-time contractors - Non-binary

Total number of part-time contractors - Non-binary

Total number of full-time contractors - Gender not disclosed

Total number of part-time contractors - Gender not disclosed

Turnover

Report the total number and rate of employee turnover during the reporting period, by age group, and gender

All Employees:

Total number of turnover (the number that left during the period)

Not Applicable

The nature of exploration programs is
transitory and based on programs designed to
meet specific objectives. In 2021 Unigold went
through a number of scheduled shutdowns and
subsequent layoffs of personnel. Employees
were recalled based on skills, seniority and
budgeted future work programs. This resulted
in fluctuating staffing levels throughout the
time period.

Rate of turnover

Does Not Apply

Female employees:

Male employees:

Non-binary employees:

Turnover & Age Breakdown

Employees aged 30 years old and under:

Employees aged between 30 and 50 years old:

Employees over 50 years old:

Identify types of employees captured in the turnover rate calculations

All employees on the payroll

Given the nature of the exploration
operations, work programs are frequently
paused and restarted with a change in work
crews and responsibilities. Employee numbers
vary throughout the year based on the nature
of the work programs and the budgets
allocated to exploration. Employee numbers
are given as at year-end. Employee numbers
can fluctuate throughout the year based on
work programs.

Labour Relations

Collective Bargaining Agreements

Percentage of total direct employees covered by collective bargaining agreements:

0.0000%

Notice Periods

Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them

4

Labor law in the Dominican Republic does not
require a minimum number of weeks notice.
Unigold policy in the Dominican Republic
provides employees a 4 -week notice period.

Occupational Health and Safety

Work-related Injuries

Injuries - For all employees:

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

In this reporting period, the company had one
recordable work-related injury resulting from
work in a confined space.

v. Number of hours worked

200000

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization:

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

In this reporting period, the company did not
have any recordable work-related injuries to
workers who are not employees but whose
work and/or workplace is controlled by the
organization.

v. Number of hours worked

1040

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

Combined (Employees and non-employees, but controlled by the organization):

Total Hours Worked

201040

Total number of all work-related injuries

Rate of work-related injuries

0.995

Total Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.995

Report the work-related hazards that pose a risk of high-consequence injury, including:

i. How have these hazards been determined

Unigold has identified the following work-
related hazards as posing a risk of high
consequence injury: moving equipment and
machinery, driving on public roads. The Unigold
Management Team pursued an audit with an
external consulting firm that identified,
reviewed and provided suggestions about
operations, personnel and systems to ensure
the company operates within compliance and
to ensure a safety and productive operations.

ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period

Unigold did not experience any high-
consequence injuries in this reporting period.

iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls

Unigold implements routine safety training and
daily safety briefings prior to commencing
work. The use of PPE is required in all work
areas that have the potential for high-
consequence injuries.

Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls

Employee training and procedure reviews are
completed on a regular basis.

Site evaluations based on the hierarchy of
controls are performed prior to conducting
work programs. We use a 5-point safety
system to identify and correct potential
problems before work begins.

Daily vehicle checks are conducted. Accident
investigation processes are carried out for
every incident regardless of potential risk.

Additionally, a yearly external safety audit is
performed to identify gaps and potential
improvement.

Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors

No workers have been excluded from this
disclosure.

Disclose any contextual information necessary to understand how the data have been compiled, i.e., any standards, methodologies, and assumptions used

All accidents are reported when they occur.
Unigold is in the process of implementing a
reporting system based on one-million man
hours.

Safety Training

Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training.

Average hours of health, safety, and emergency response training for (a) full-time/direct employees:

35.56

Average hours of health, safety, and emergency response training for (b) contract employees:

Diversity and Equal Opportunity

b. Report the percentage of employees per employee category in each of the following diversity categories

Board of Directors:

Total Board of Directors

Percent Male

100.0000%

Percent Female

0.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

0.0000%

Percent over 50 years of age

100.0000%

Senior Management:

Total Senior Managers

Percent Male

66.6667%

Percent Female

33.3333%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

16.6667%

Percent over 50 years of age

83.3333%

Salaried (excluding Senior Management):

Total Middle Managers

Percent Male

66.6667%

Percent Female

33.3333%

Percent Non-Binary

0.0000%

Percent under 30 years of age

11.1111%

Percent between 30 and 50 years of age

77.7778%

Percent over 50 years of age

11.1111%

Technical Employees (skilled hourly):

Total Technical Employees

Percent Male

83.3333%

Percent Female

16.6667%

Percent Non-Binary

0.0000%

Percent under 30 years of age

4.1667%

Percent between 30 and 50 years of age

62.5000%

Percent over 50 years of age

33.3333%

Production Employees (unskilled hourly):

Total Production Employees

Percent Male

94.7368%

Percent Female

5.2632%

Percent Non-Binary

0.0000%

Percent under 30 years of age

21.0526%

Percent between 30 and 50 years of age

68.4211%

Percent over 50 years of age

10.5263%

Contractors:

Total Contractors

Percent Male

0.0000%

Percent Female

100.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

100.0000%

Percent over 50 years of age

0.0000%

Security, Human Rights and Rights of Indigenous People

Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations”

None

Describe the nature of any social risks, for all operating countries, that could have a material risk to operations

The Company operates within 5 km of the
border with Haiti, a country that has been listed
on the World Bank list for most of the last
decade. Unigold monitors the socio-political
situation in Haiti to identify any potential risks
that could have an impact on the Neita project.

Percentage of proved reserves that are located in or near areas of active conflict:

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas of active conflict:

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas of active conflict:

0.0000%

Total amount of inferred, indicated and/or measured reserves

2250000

Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land:

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land:

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land:

0.0000%

Total amount of inferred, indicated and measured reserves

2250000

Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate

Unigold does not operate in areas located in or
near indigenous peoples' land.

Discuss practices and list procedures while operating in areas of conflict

Unigold does not operate in areas of conflict.

Community Relations

Artisanal and Small-Scale Mining

Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized):

Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site

Does Not Apply

Report the associated risks and the actions taken to manage and mitigate these risks

The Company is not aware of any active
artisanal mining within its work areas.

Programs

Report on community relations programs, objectives and achievements in the past 3 years

For a description of our community relations
programs, objectives and achievements please
refer to the attached document.

Community Programs, Objectives and Achievements

Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business

The Company maintains open and transparent
communications with the communities in which
it operates. A full-time Community Relations
team maintains constant engagement with all
levels of government, community institutions,
private service providers, and public
organizations.

We have annual community programs (school
donations at the start of the school year,
holiday support for religious institutions and
congregations, seasonal support for sports
teams and leagues) as well as ad-hoc initiatives
that are approved on a priority or “as-needed”
basis. The Company gives priority to tasks or
programs that benefit the community at large
rather than specific enterprises or individual
interests. To date during the exploration phase,
the annual expenditure on community
programs has been a flexible budget item and
has increased as a result of COVID19 impacts.

As the company moves to production, a more
rigorous decision process will be implemented
with the ability to assess larger scale projects in
the community.

Risks and Opportunities

Disclose the total number of site shutdowns or project delays due to non-technical factors.

Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors.

Governance

Climate Change

Oversight

Is there board-level oversight of climate-related issues within your organization

Not currently but we plan to do so within the
next two years

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues:

Chief Executive Officer (CEO)

Nature of primary responsibility

All

Reporting

Frequency of reporting to the board on climate-related issues

Quarterly

Incentives

Do you provide incentives for the management of climate-related issues, including the attainment of targets

No, not currently but we plan to introduce
them in the next two years

Risk and Opportunity Management

Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities

No - important but not an immediate business
priority

Risk Assessments

Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business

No - risks exist, but none with potential to have
a substantive financial or strategic impact on
business

Opportunity Assessments

Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business

Strategy

Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning

Water Management

Quality and Quantity Dependency

Rate the importance (current and future) of freshwater quality and quantity to the success of your business:

Direct use importance rating

Vital

Indirect use importance rating

Important

Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business:

Direct use importance rating

Not very important

Indirect use importance rating

Not very important

Risk Assessments

Does your organization undertake a water-related risk assessment

Other, please specify

A water related risk-assessment will be
conducted as part of ESIA and feasibility work
in 2022.

Select the options that best describe your procedures for identifying and assessing water-related risks:

i. Coverage

Partial

ii. Risk Assessment Procedure

Water risks are assessed in an environmental
risk assessment

iii. Frequency of Risk Assessment

Annually

iv. How far into the future are risks considered

3 to 6 years

Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations

Currently Unigold uses limited water supplies
to support drilling activities and sufficient
water is available in the area. The company will
evaluate and rate the importance of freshwater
supply to its operations as part of its feasibility
study in 2022.

Opportunity Assessments

Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues

Chief Operating Officer (COO)

Policy

Does your organization have a documented water policy

Reporting

Frequency of reporting to the board on water-related issues

As important matters arise

Incentives

Do you provide incentives to C-suite employees or board members for the management of water-related issues

No, and we do not plan to introduce them in the
next two years

Strategy

Are water-related issues integrated into any aspects of your long-term strategic business plan:

No, water-related issues not yet reviewed, but
there are plans to do so in the next two years

General Disclosure

Structure

a. Report the governance structure of the organization, including committees of the highest governance body, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

The Board has the following committees:
Audit Committee
Compensation Committee
Corporate Governance and Nominating
Committee
CSR Committee
Special Committee
Technical Committee

Please refer to the links below for more
information on our Board of Directors and the
mandates of each committee listed above.

Unigold Board of Directors

Unigold Committee Mandates

Committees

b. Report the committees responsible for decision-making on economic, environmental, and social topics, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

The Board has formed a CSR committee which
supervises the CEO in the implementation of
CSR programs. The CEO has day-to-day
responsibility for CSR programs.

CSR Committee Mandate

Responsibility

a. Has the organization appointed an executive-level position or positions with responsibility for economic, environmental, and social topics , e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board

Reporting Structure

b. Report whether position holders report directly to the highest governance body or CEO

Unigold employs community relation
managers that report directly to the COO.

Consultation Process

Report the processes for consultations between stakeholders and the highest governance body on economic, environmental and social topics, e.g., for most mining companies it would be the executives and operations and not the Board, and if delegated, explain how

To date, consultations have been conducted by
country-level managers in both formal and
informal settings. These managers report
directly to senior managers and CEO.

Composition

Report the composition of the highest governance body and its committees by:

Number of executive members

Number of non-executive members

Number of independent members

Less than 3 years

3-6 years

6-9 years

More than 10 years

Lists of each individual’s other significant positions and commitments, and the nature of the commitments, e.g., other boards and executive positions

Mr. Joseph Hamilton is the only director of the
Corporation who is also a member of
management. Messrs. Acero, Del Campo, Page
and Tremblay are independent directors of the
Corporation for the purpose of National
Instrument 58-101 – Corporate Governance
Practices.

The following directors of the Corporation are
also directors of the following other reporting
issuers:

1. Charles Page. Osisko Gold Royalties Ltd. and
Osisko Development Corp..
2. Joseph Del Campo. Centurion Minerals Ltd.,
PJX Resources Inc., and Terreno Resources Inc.

Number of Male governance body members

Number of Female governance body members

Number of members from under-represented social groups

Description of competencies relating to economic, environmental, and social topics

All Board members have many years of national
and international experience in mining,
development and business.

For further information please review the link
below.

Unigold Board of Directors

Description of stakeholder representation

Stakeholder representation strategies will be
developed and finalized in 2022 as part of a
comprehensive ESIA, which will be circulated
for public comment prior to ratification.

Board Diversity

If available, provide a link to the entity's Board Diversity Policy Statement or attach the related document

Not Available

Unigold has included diversity and inclusion
guidelines in its Code of Ethics (please see
attached). To date the Board has no defined
diversity policy. The Company is reviewing all
policies and procedures in 2022, including
diversity, in preparation for transitioning to
producer status.

Non-Executive Director

Is the chair of the highest governance body also an executive officer in the organization

Conflicts of Interest

Report the processes for the highest governance body to ensure conflicts of interest are avoided and managed, e.g., list procedures

Conflicts of interest among Board members or
senior executives are currently disclosed on a
voluntary basis. Only those conflicts which are
disclosed can be reported.

Non-disclosure by executives results in
immediate termination "with cause".

Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum:

Yes

i. Cross-board membership

Yes

ii. Cross-shareholding with suppliers and other stakeholders

Yes

iii. Existence of controlling shareholder

Yes

iv.Related third party disclosures

Yes

Transparency

Report the highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strategies, policies, and goals related to economic, environmental, and social topics

Unigold senior executives are tasked with
reviewing, drafting and updating all policies and
procedures.

These policies and procedures are submitted to
the Board for review, and where appropriate or
required, are approved and ratified by the
Board of Directors.

Report on the measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental, and social topics, e.g., board training

Board members are expected to keep up-to-
date on evolving best-practices in the mining
social governance area.

Report the actions taken in response to evaluation of the highest governance body’s performance with respect to governance of economic, environmental, and social topics, including, as a minimum, changes in membership and organizational practice, (response to external evaluations)

No external evaluations have been completed.

Report the highest governance body’s role in identifying and managing economic, environmental, and social topics and their impacts, risks, and opportunities – including its role in the implementation of due diligence processes, (committee roles)

ESG issues are reviewed by the CSR Committee
of the Board. Management reports ESG issues
on a quarterly basis.

CSR Committee Mandate

Auditing Committee Mandate

Is stakeholder consultation used to support the highest governance body’s identification and management of economic, environmental, and social topics and their impacts, risks, and opportunities, and if delegated, explain how

Yes

ESG issues are addressed on site and if relevant
are reported to the Board in quarterly
meetings.

Remuneration

Report how performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics

ESG performance is considered during annual
personnel and remuneration reviews for senior
executives and senior country personnel.

How are stakeholders’ views sought and taken into account regarding remuneration

The Board has a Compensation Committee that
reviews compensation annually.

Unigold's Compensation Committee members
are tasked with preparing, reviewing and
approving any report relating to compensation
required pursuant to applicable securities law,
rules, regulations and stock exchange
requirements and report regularly on its
activities to the Board.

Board Compensation Committee Mandate

Ethics

Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain.

Purchasing and procurement is currently
sourced through a small number of trusted
suppliers. As operations grow, the company
will implement a purchase order system,
supplier audits and supply chain policies.

Report net production from activities located in the countries with the 20 lowest rankings in Transparency International’s Corruption Perception Index (CPI) (Saleable tonne):

Anti-corruption

Communication and Training

i. Total number of governance body members that have received training on anti-corruption, broken down by region

In 2022, Unigold will implement an anti-
corruption training program for critical
employees.

ii. Total percentage of governance body members that have received training on anti-corruption, broken down by region:

0.0000%

Total number and percentage of employees that have received training on anti-corruption, broken down by employee category and region:

Material Topics

Process to determine material topics

Describe the process followed to determine its material topics, including:

i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details.

• Environmental impact assessment
• Social impact assessment

ii. How has the organization prioritized the impacts for reporting based on their significance;

No prioritization has been conducted as studies
and identification of actual and potential
positive and negative impacts are on-going in
2021.

Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details.

• Business partners
• Civil society organizations
• Employees and other workers
• Governments
• Local communities
• Non-governmental organizations
• Shareholders and other capital providers

Material Topics will be identified in the ESIA
that is currently underway to support a
production decision at the Company's
project. These will be developed in conjunction
with management, government agencies and
local communities.

List of material topics

List the organization's material topics

Other, please specify

We are still in the process of identifying
material topics through our Environmental-
social Impact Assessment. Unigold will report
the material topics derived from this exercise in
2022.

List the organization's non-material topics

Other, please specify

Unigold is in the process of conducting its
Enviromental-social impact assessment. The
company will report material topics resulting
from this exercise in 2022.

Report changes to the list of material topics compared to the previous reporting period.

Unigold is in the process of conducting its
Enviromental-social impact assessment. The
company will report material topics resulting
from this exercise in 2022.

Tax

Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including:

i. The approach to engagement with tax authorities

Unigold conducts annual audits through
independent third-parties and uses outside
consultants to prepare tax returns in all
operating jurisdictions.

ii. The approach to public policy advocacy on tax

Unigold does not engage in public policy
advocacy on tax issues.

iii. the processes for collecting and considering the views and concerns of stakeholders, including external stakeholders

At this stage in our operations tax issues and
advocacy are not material issues.



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