Exercise of Warrants

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.

30 January 2024

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Exercise of warrants

Upland Resources Limited (LSE: UPL) wishes to confirm that further to the News Release on 23 January 2024 the admission of 2,833,333 new ordinary shares resulting from the exercise of warrants to the official list (standard listing segment) and to trading on the London Stock Exchange's Main Market, which were announced is expected as follows:

- 1,500,000 on 1 February 2024 and

- 1,333,333 on 5 February 2024

Total voting rights

Following the warrant exercise, the Company's total number of Ordinary Shares in issue will be 1,199,097,736. 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. An adjustment of four (4) shares has been made to correct an administrative error made in a previous news release which is effective 1 February 2024

**ENDS**

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