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.

30 October 2017

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Publication of 3rd Supplementary Prospectus

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces the publication of a 3rd supplementary prospectus approved by the United Kingdom Listing Authority (the "3rd Supplementary Prospectus"). The publication of the 3rd Supplementary Prospectus is a regulatory requirement under the Prospectus Rules following the publication on 27th October 2017 of the Company's Annual Report and Consolidated Financial Statements for the financial year ended 30th June 2017.

3rd Supplementary Prospectus

The Supplementary Prospectus is supplemental to, and should be read in conjunction with, the Prospectus dated 28th November 2016 (the "Original Prospectus"), the Supplementary Prospectus dated 21st February 2017 and the 2nd Supplementary Prospectus dated 26 September 2017, all published in connection with the Placing of 169,230,770 Ordinary Shares (completed on 1st December 2016) and the Wressle Farm-in Agreement dated 24th November 2016 (still to be completed).

Capitalised terms used in this announcement shall have the same meanings as defined in the Original Prospectus, unless otherwise defined herein.

A copy of the 3rd Supplementary Prospectus will shortly be available on the Company's website at http://www.uplandres.com and hard copies will also be available at the offices of the Company's financial adviser and broker, Optiva Securities Limited, 2 Mill Street, Mayfair, London W1S 2AT.

The 3rd Supplementary Prospectus has also been submitted to the National Storage Mechanism and will be available shortly at http://www.morningstar.co.uk/uk/NSM.

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 Petronas, Conoco, Shell etc. Upland is taking advantage of the low oil price to acquire quality upstream assets on attractive terms.