Admission of Shares

For Immediate Release

Upland Resources Limited

("Upland" or the "Company")

ADMISSION OF SHARES

20 March 2026

Further to the Company's announcements on 17 February 2026 and 17 March 2026, 99,594,792 Ordinary Shares of no par value have been approved for admission to trading on the London Stock Exchange's Main Market with effect from 8 am on 23 March 2026. This Admission date is different from the dates reported in the two announcements; the Company requested of the London Stock Exchange that all shares be considered in one application.

Total voting rights

Following this issue of shares, the Company's total number of Ordinary Shares in issue will be 1,726,552,840. 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 Financial Conduct Authority's Disclosure and Transparency Rules.

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Inside Information (UK MAR)

This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation (EU) No. 596/2014, which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). This information is disclosed in accordance with the Company's obligations under Article 17 of UK MAR.

FCA and Prospectus Disclaimer

This announcement does not constitute, and should not be construed as, a prospectus, admission document or offering memorandum, nor an offer to sell or the solicitation of an offer to buy any securities in the Company. No securities of the Company are being offered pursuant to this announcement. This announcement has not been reviewed or approved by the Financial Conduct Authority or any other regulatory authority.

Forward-Looking Statements

This announcement includes forward-looking statements, including statements relating to prospective resources, exploration and appraisal programmes, drilling plans, funding availability, farm-in arrangements, regulatory outcomes and future operations. Forward-looking statements are based on current expectations, assumptions and estimates and involve risks and uncertainties that could cause actual results or developments to differ materially from those expressed or implied.

Forward-looking statements are not guarantees of future performance. Factors that could cause actual outcomes to differ materially include, but are not limited to, licence awards, regulatory approvals, subsurface risk, commodity price volatility, operational risks, availability of capital, counterparty performance and changes in fiscal or governmental regimes. The Company undertakes no obligation to update any forward-looking statements except as required by applicable law or regulation.

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