Sarawak Drilling Crew Letter of Intent

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.

4 December 2023

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Sarawak Drilling Crew Letter of Intent

Upland Resources Limited (LSE: UPL) is pleased to announce that, further to the announcement made on 28th July 2023, the company has now signed a specific Letter of Intent (LOI) for the provision of specialist drilling crew services with an established and proven partner Vanguard Drilling Limited.

As we finalise rig selection for Block SK334, Vanguard Drilling bring extensive experience in new generation onshore drilling, complementing our team as we complete the next steps.

Bolhassan Di, Upland Chairman and CEO commented:

"This is a significant step forward for the company, we are making tangible progress and laying strong foundations towards our intended drill campaign. We look forward to increased market engagement as we scale up operations on Block SK334 in Sarawak."

**ENDS**

For further information, please contact: