Union Gold Inc. Announces Effective Date for Stock Split

Union Gold Inc. (the "Corporation") (TSX VENTURE:UN) is pleased to announce that
at the Annual and Special Meeting of Shareholders held on June 6, 2008, the
shareholders authorized and approved a stock split of the Corporation's issued
and outstanding and unissued Common Shares on the basis of two and one half
(2.5) post-split Common Shares for every one (1) pre-split Common Share. The
number and exercise price of the Corporation's outstanding stock options and
warrants will be adjusted accordingly (i.e., option and warrant holders will be
entitled to receive two and one half times as many shares for the same aggregate
exercise price). The resolution was passed by more than two-thirds of the votes
cast on the matter at the Meeting. The stock split will became effective as of
the date of filing of the Articles of Amendment, which filing will be the record
date for purposes of determining the shareholders entitled to receive the
post-split Common Shares. The effective date for the stock split will be August
27, 2008. The Corporation's common shares will begin trading on a split-adjusted
basis on the TSX Venture Exchange when the market opens for trading on August
27, 2008. To participate in the stock split you must be a shareholder of record
as of August 29, 2008. Shareholders will be sent a letter of transmittal
together with instructions to update their holdings.

Universal Ventures Inc. (TSXV:UN)
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