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This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan.  Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

18 November 2022

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Termination of Farm Out Agreement

As provided in their Farm-Out Agreement announced on 21 July 2022 (the Agreement) UPL (Saouaf) Limited and Upland (N Tunisia) Limited, wholly-owned subsidiaries of the Company, have given  Nobel Petroleum USA Inc and  Pennpetro Energy plc seven (7) days notice of termination of the Agreement.

The long stop date has passed without certain conditions contained in the Agreement having been fulfilled.

On 21 October 2022, Upland (Saouaf) Limited applied to renew the Saouaf Permit until 22 December 2023. The application is under consideration.

*ENDS*

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014