UTY Unity Metals Corporation

Unity Energy Corp., (the "Company") (TSX VENTURE:UTY) is pleased to announce
that it intends to proceed immediately with a non-brokered private placement to
raise up to $1,250,000 by selling an aggregate of up to 5,000,000 common shares
at a price of $0.25 per share. Both flow-through and non-flow-through shares are
being sold through the offering. All securities will be subject to a statutory
hold period of four months plus a day from the date of issuance, in accordance
with applicable securities legislation. Proceeds from the offering will be used
to finance exploration programs on the Company's uranium properties, located in
the Athabasca basin of Northern Saskatchewan, to meet minimum listing
requirements for the proposed spin-off of Patrone Gold Corp. and for general
working capital purposes. 


Regarding the placement, Anita Algie, President commented, "Recent events, such
as Canada's new trade agreement to increase uranium exports to China and the
permitting of two new reactors in Georgia, USA (the first since 1978), all speak
to recovery in the uranium sector. This financing will allow Unity to further
develop its Waterbury Lake Property, just approx. 11km south of the Roughrider
Deposit, which was acquired by Rio Tinto earlier this year."


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

Anita Algie, Bsc Hon., President

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