British Columbia Securities Commission - Cease Trade Order

1.      an independent technical report to support the disclosure of inferred mineral resources on its Toldafria property disclosed in its August 19, 2010 news release, as required under sections 4.2(j)(i) and 5.3 of National Instrument 43-101 Standards of Disclosure for Mineral Projects,

2.      interim financial statements for the interim period ended August 31, 2010, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509,

3.      Form 51-102F1 Management's Discussion and Analysis for the period ended August 31, 2010, as required under Part 5 of NI 51-102 and section 5(b) of BCI 51-509,

4.      copies of its news releases dated June 23, 2010, August 19, 2010, September 17, 2010, October 19, 2010, October 20, 2010, October 26, 2010 and October 28, 2010, a news release disclosing change of management, the entry into and amendments of the Option Agreement with N.C.G.A Project Acquisition Corp., entry into and amendment of its agreement with Grafton Resource Investments Ltd., its private placements and intention to conduct a further private placement, its prospectus offering, and related material change reports, as required by Part 7 of NI 51-102 and section 5(b) of BCI 51-509, and

5.      copies of the following documents that Universal Gold filed with the United States Securities and Exchange Commission:


         (a)   Form D Notice of Exempt Offering of Securities dated June 6, 2010, filed June 8, 2010,
         (b)   Form 8-K Current Report dated June 3, 2010, filed June 9, 2010, 
         (c)   Form 8-K/A Current Report dated March 23, 2010 filed June 22, 2010,
         (d)   Form 8-K Current Report dated June 22, 2010, filed June 24, 2010,
         (e)   Form 8-K Current Report dated June 29, 2010, filed July 6, 2010,
         (f)    Form 8-K Current Report dated June 29, 2010, filed July 19, 2010, 
         (g)   Form 8-K Current Report dated and filed August 19, 2010,
         (h)   Form 10-Q Quarterly Report for the period ended June 30, 2010, filed August 23, 2010,
         (i)    Form 8-K Current Report dated August 24, 2010, filed August 26, 2010,
         (j)    Form 8-K Current Report dated and filed September 8, 2010, 
         (k)   Form 8-K Current Report dated and filed September 17, 2010, 
         (l)    Form D Notice of Exempt Offering of Securities dated and filed October 7, 2010,
         (m)  Form 8-K Current Report dated October 8, 2010, filed October 14, 2010,
                 (n)   Form 10-Q Quarterly Report for the period ended September 30, 2010, filed November 15, 2010,
         (o)   Form 8-K Current Report dated November 17, 2010, filed November 23, 2010,
         (p)   Form 8-K Current Report dated November 30, 2010, filed December 6, 2010,
         (q)   Form 8-K Current Report dated and filed December 6, 2010, 
         (r)    Amendment No. 2 to Form S-1 Registration Statement filed December 17, 2010,
         (s)    Prospectus dated and filed December 22, 2010,
         (t)    Form 8-K Current Report dated December 29, 2010, filed January 3, 2011,
         (u)   Form 8-K Current Report dated December 31, 2011, filed January 6, 2011,
         (v)   Form 8-K Current Report dated January 15, 2011, filed January 18, 2011, and
(w) Form 8-K Current Report dated January 24, 2011, filed January 28, 2011,
         as required under section 11.1 of the NI 51-102 and section 5(b) of BCI 51-509,

(the required records).

a. Universal Gold files the required records completed in accordance with  the Act and regulations, and

b. The Executive Director makes an order under section 164 of the Act revoking this order.

John Porges 
Manager, Compliance 
Corporate Finance