Upland Resource Regulatory News (UPL)

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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.

4 September 2019

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Appointment of Additional Non-Executive Directors

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces that Mr Christopher Pitman and Mr Dixon Wong were appointed as additional non-executive Directors of the Company on Tuesday 3 September 2019.

Steve Staley, CEO of Upland, said:

"On behalf of my fellow directors and all Upland shareholders I would like to welcome Chris and Dixon to the Board; they bring considerable experience to the company. We look forward to working with them."

Additional Information

Mr Christopher Nigel Pitman

Mr Pitman (age 61) brings over 35 years' international upstream oil & gas experience, including time with Schlumberger Geoquest Inc., Qatar General Petroleum Co. and Petroleum Geo-Services ASA. This has been spent in a wide range of technical, commercial and senior management roles. Mr Pitman holds a B.Sc in Geology and a PGCE, both from the University of Wales, and an M.Sc in Sedimentology from the University of Reading.

Mr Pitman is, or has been, a member of the administrative, management or supervisory bodies ("directorships") or a partner of the following companies or partnerships, within the period of 5 years prior to the date of this announcement:-

There are no further details in respect of Mr Pitman to be disclosed pursuant to LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules published by the Financial Conduct Authority ("FCA"), were such Listing Rules to apply to a company with a standard listing (such as the Company).

Mr Dixon Kit Seng Wong

Mr Wong (age 29) is a director of a number of businesses owned by Tune Group and has been involved in a variety of roles within the organisation including but not limited to, corporate finance, group strategy, driving organisational change and synergies across organisations for the group. Tune Assets Limited, one of Upland's major shareholders, holding 74,579,604 ordinary shares of no par value in Upland (representing 12.74% of Upland's issued share capital), is part of the Tune Group of companies. Tune Group holds major or controlling stakes in companies including AirAsia, Queens Park Rangers FC and Caterham Cars Ltd. Mr Wong has previously worked for HSBC Bank Malaysia and the Bank of Tokyo-Mitsubishi. Mr Wong holds a BCom, Accounting and Finance from the University of Queensland, Australia and a Master of Business degree from the Queensland University of Technology.

Mr Wong is, or has been, a member of the administrative, management or supervisory bodies ("directorships") or a partner of the following companies or partnerships, within the period of 5 years prior to the date of this announcement:-

There are no further details in respect of Mr Wong to be disclosed pursuant to LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules published by the FCA, were such Listing Rules to apply to a company with a standard listing (such as the Company).

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information, please contact:

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 Conoco, Shell etc.