NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

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.

20 October 2023

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Exercise of Warrants   

Upland Resources Limited (LSE: UPL) announces that it has received notice to exercise 5,000,000 warrants that were issued on 27 October 2022.

Admission

Admission of new Ordinary Shares to the Official List (standard listing segment) and to trading on the London Stock Exchange's Main Market is expected on 6 November 2023.

Total voting rights

Following the warrant exercise, the Company's total number of Ordinary Shares in issue will be 1,194,597,741. This figure may be used by shareholders as the denominator for the calculation to determine if they are required to notify the Company of their interest in, or a change to their interest in, the Company's securities in accordance with the FCA's Disclosure and Transparency Rules.

**ENDS**

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