Sarawak Drilling Letter of Intent

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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.

12 October 2023

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Sarawak Drilling 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 well planning and drilling services in 2024 with an established and proven upstream partner, NRG Group. This is a critical step forward in the process.

In addition, we are now in the final stages of rig identification for Block SK334, onshore Sarawak.

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**

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