OTCQB Venture Market Application

Upland Resources Limited

06 March 2026

 

For Immediate Release

Upland Resources Limited
("Upland" or the "Company")

 Application to Trade on the OTCQB Venture Market

Upland Resources Limited, (LSE: UPL), the energy company focused on the development of oil and gas assets in Southeast Asia and the United States, announces that it has submitted an application for its ordinary shares to be quoted for trading on the OTCQB Venture Market ("OTCQB") in the United States, operated by OTC Markets Group Inc.

The Company's ordinary shares will continue to trade on the Main Market of the London Stock Exchange under the ticker UPL.

The Directors believe that quotation on the OTCQB will enhance the Company's visibility among targeted North American investors and provide improved access for U.S. investors seeking to trade the Company's shares in U.S. dollars during U.S. market hours.

OTCQB Market Quotation

The OTCQB quotation will operate as a cross-trading facility and will not involve the issue of new shares.

The Company believes that an OTCQB quotation would:

·    Expand the Company's visibility within the North American energy investment community;

·    Complement the Company's existing London Stock Exchange listing; and

·    Enhance the Company's ability to engage with U.S. capital markets and energy-focused investors.

The application reflects the Company's growing exposure to the United States energy sector through its strategic partnership with Lost Soldier Oil and Gas, which provides Upland with participation in the Wild Mustang Federal Unit in Wyoming, United States. The Wild Mustang project is a large-scale natural gas discovery with significant resource potential and forms part of the Company's strategy to diversify its portfolio through high-impact opportunities in geopolitically stable jurisdictions.

Subject to completion of the OTC Markets review process and customary procedural requirements, the Company currently expects the OTCQB quotation to become effective within approximately six weeks.

Further announcements will be made as appropriate.

Upland Resources Limited	Tel: [phone]
Bolhassan Di, Chairman and CEO Gerry Murray, COO Josh Galloway, Head of Drilling	[e-mail] [e-mail] [e-mail] www.upland.energy
Hill Dickinson LLP - Legal Advisers 20 Primrose Street, London, EC2A 2EW.	Tel: [phone]

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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.

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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.

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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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