UTY Unity Metals Corporation

Unity Energy Corp. (TSX VENTURE:UTY) is pleased to announce that its Board of
Directors has today approved the implementation of a series of value enhancing
transactions that, subject to applicable regulatory and other approvals, will
result in eligible Unity Energy shareholders owning shares in two (2) separate
companies: Unity Energy Corp. and Patrone Gold Corp.


Unity Energy Corp. has recently established a new wholly owned subsidiary to
which it will transfer its Dickens Lake gold assets. The Project consists of
four adjoining mineral dispositions and covers an area of over 6000ha in a
region that has produced over 600,000 ounces of gold. Unity has a 100% interest
in the Dickens Lake Project, subject to a 2% NSR, of which 1.5% can be purchased
for $1,500,000. More than a hundred gold showings and four past producers are
documented in the La Ronge Gold Belt and over $70 million has been spent on gold
exploration and development since 1980. Earlier this spring, Unity completed a
V-TEM survey of the Dickens Lake Project and final results and interpretation
are expected in the near term. The Company expects to undertake an internal
reorganization and work with the appropriate authorities to transfer the Dickens
Lake assets from Unity Energy to this new wholly owned subsidiary.


Patrone Gold Corp. ("Patrone") is to become a gold exploration company focused
on Canadian and international exploration and development. Patrone will
initially hold Unity's 100% equity interest in the Dickens Lake gold project in
Saskatchewan.


The directors and senior management team of Patrone Gold Corp. will consist of
current directors and senior officers of Unity Energy Corp.


Upon completion of the proposed internal reorganization and subject to
applicable regulatory approvals, Unity Energy Corp. intends to distribute, by
way of dividend-in-kind to current eligible Unity shareholders, all of the
shares in Patrone Gold Corp. held by Unity Energy as part of listing the shares
of Patrone on the TSX Venture Exchange.


Immediately following the distribution of the dividend-in-kind, Patrone intends
to conduct a private placement of a minimum of up to $750,000 to raise the
balance of funds necessary to conduct their near-term exploration and
development activities and general corporate purposes. The private placement
will entitle eligible shareholders to acquire additional shares in Patrone Gold.


Anita Algie BSc., President, CEO & Director of Unity Energy, commented:
"Positive results indicated at Dickens Lake justify this gold asset creating its
own market and raising funds to further exploration and add shareholder value.
Unity Energy's roots shall remain grounded in energy through exploration of its
significant portfolio of prospective uranium properties in the Athabasca basin."


Unity Energy anticipates completing these transactions by September 2011. The
initial internal reorganization is expected to be completed in July 2011,
following which Unity intends to file the preliminary prospectus with the
Canadian securities regulatory authorities for Patrone Gold Corp. which will
contain detailed information on the new company as well as the terms of the
dividends-in-kind and rights offerings. Completion of the proposed transaction
is subject to a number of conditions including the approval of the TSX Venture
Exchange and other applicable securities regulatory authorities.


On Behalf of the Board of Directors of Unity Energy Corp.

Anita Algie BSc. Hon. President.

Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature,
constitute "forward looking statements" within the meaning of that phrase under
applicable Canadian securities law. When used in this News Release, such
statements use words such as "may", "will", "expect", "intend", "anticipate" and
other similar terms. These statements reflect management's current assumptions
and expectations regarding future results, performance or events as of the date
hereof and by their nature are subject to certain underlying assumptions, known
and unknown risks and uncertainties and other factors which may cause actual
results, performance or events to be materially different from those expressed
or implied by such forward looking statements. Forward looking statements
involve significant risks and uncertainties and should not be read as guarantees
of future or performance results. Accordingly, readers should not place undue
reliance on any forward looking statement.


Forward looking statements in this News Release include, among other things,
statements regarding the proposed internal reorganization, dividend-in- kind and
rights offerings, and the proposed terms, conditions, structure and consequences
thereof to the Company and its security holders; the timing and receipt of
approvals and consents; future exploration activities; and the adequacy of
financial resources, among others. Forward looking statements are based on
assumptions, estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and expected
developments, as well as other factors that management believes to be relevant
and reasonable in the circumstances at the date that such statements are made.
The Company believes that the assumptions and expectations reflected in such
forward looking statements are reasonable. Assumptions have been made regarding,
among other things, the Company's ability to reorganize its properties and
interests to permit it to carry out the proposed transactions in an effective
and reasonable manner; the Company's future exploration and development
activities; timely receipt of third party or regulatory approvals; and the
Company's ability to obtain financing as and when required and on reasonable
terms. Readers are cautioned that the foregoing list is not exhaustive of all
factors and assumptions which may have been used and that these factors and
assumptions may be incomplete or incorrect.


Forward looking statements are also subject to known and unknown risks,
uncertainties and other factors that may cause actual results to be materially
different from those expressed or implied by such forward looking information.
Those risks include the interpretation of drill results and the estimation of
mineral resources and reserves; the geology, grade and continuity of mineral
deposits; the possibility that future exploration, development or mining results
will not be consistent with our expectations; commodity and currency price
fluctuation; failure to obtain adequate financing; regulatory, permitting and
licensing risks; and general market and mining exploration risks.


Except as required by applicable securities laws, the Company disclaims any
obligation to update or revise any forward looking statements to reflect events
or changes in circumstances that occur after the date hereof. Forward looking
statements should not be construed as investment advice. Readers should perform
a detailed, independent investigation and analysis of the Company and are
encouraged to seek independent professional advice before making any investment
decision.

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