UN

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.

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release.

Contacts: The Becker Group Jeffrey Becker President and CEO (416) 364-0042 or 1-800-442-0824 (416) 364-2630 (FAX) Email: thebeckergroup@bellnet.ca