Upland Resource Regulatory News (UPL)

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10th January 2018

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Appointment of new auditors

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that it has appointed Crowe Clarke Whitehill LLP ("CCW") as its auditors and as auditors for its subsidiary companies.

Background

The appointment of CCW arises because of the resignation of Wilkins Kennedy LLP ("WK") as the Company's auditors. WK has resigned purely for normal commercial reasons: specifically, Upland was WK's only main market listed audit client and the regulatory costs associated with this role had become greater than the fees generated by the Upland audit work.

Steve Staley, CEO of Upland Resources Limited, said:

"We are pleased to appoint CCW as our new auditors. CCW has a wide range of experience with listed companies and with resource companies. I would also like to take this opportunity to thank WK for the fine job they have done as Upland's auditors, having been with us through the early days of the Company."

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Notes

Upland is an upstream oil & gas company whose highly experienced management team has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc.