UTRX Unitronix Corporation (PK)

Unitronix Corporation �Unitronix� (UTRX:PK) announces that its wholly owned Canadian Subsidiary, Unitronix Mining and Exploration �UMX� has submitted all required summary reports of assessment work performed on mining lands with the Ministry of Northern Development and Mines of the Province of Ontario. As a result, both option agreements of mining properties with Inmet Mining Corp. and Xstrata Zinc Canada and all company held mining claims in Sturgeon Lake East and Sturgeon Lake West are current and in good standing. Two drilling programs totaling 1373 meters (4531 feet) on both Sturgeon Lake East (Base Metals) and Sturgeon Lake West (Gold) were directed by a team consisting of Dale M. Hendrick, P. Eng., Gary Williams, P. Geo. and Allan Spector, Ph.D., (geophysics). Mr. Hendrick has been involved in mineral exploration for the past 50 years, overseeing exploration programs throughout North America and around the world. Mr. Hendrick along with Howard Morgan and Jack E. Shaw are the three investors in the project who have advanced funds and services to the venture. Results obtained from the drilling core returned intersections of volcanic host rock favorable to base metal deposition in the East and anomalous gold values in the West. The recommendation is that a detailed program of re-evaluation of existing drill holes in conjunction with the compilation of all geophysical and geological data for the area be immediately undertaken. The resulting information will better outline areas of additional ground work essential to determine targets for the next drilling campaign planned for the winter of 2008. All funding for the programs was provided by investors in accordance with the financing plan as detailed in our April 3, 2007 release. For personal reasons and with the completion of the drilling program, Mr. Hendrick has resigned as President and Chief Executive Officer and as Director of Unitronix and UMX effective June 1, 2007. He will, however, continue to advise and assist the company as a technical consultant in all matters related to the exploration and development of the Sturgeon Lake Properties. In order to implement the program leading up to the next drilling campaign, personnel will have to be hired and their performances planned, coordinated and supervised and Mr. Hendrick has agreed to actively participate in this effort. Mr. Hendrick has also agreed to assist in other matters including the anticipated need to locate sources of financing for the planned winter drilling program. The company has what it considers good reason to be cautiously optimistic. Unitronix and UMX efforts to date and a plan leading up to the next drilling campaign could prove to be the foundation required to locate the additional ore body(s) that they believe are present in the mining camp. The companies will limit their activity and concentrate only on the Sturgeon Lake venture and the hiring of personnel and President and Chief Executive Officer who will meet the criteria set forth by the companies. There can be no guarantee that the company will be successful in its efforts to prepare for a drilling program for next winter. No guarantee can likewise be given that financing will be obtained or negotiated on terms that the company considers acceptable, or that financial conditions do not materially change and prices for base metals and gold do not deteriorate from where they are today. In the interim, the Board is performing the duties vacated by Dale M. Hendrick. Safe Harbor Statement. This release includes �forward-looking statements�. These statements are based on current expectations, and involve a number of factors that could cause actual results to differ materially from those stated or implied. Unitronix expressly does not undertake any duty to update such statements.