Publication of Supplementary Prospectus

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.

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces the publication of a supplementary prospectus approved by the United Kingdom Listing Authority (the “Supplementary Prospectus“). The publication of the Supplementary Prospectus is a regulatory requirement under the Prospectus Rules following the publication on 26 October 2018 of the Company’s Annual Report and Consolidated Financial Statements for the financial year ended 30 June 2018.

Supplementary Prospectus

The Supplementary Prospectus is supplemental to, and should be read in conjunction with, the Prospectus dated 18 June 2018 (the “Prospectus“) published in connection with the Placing of 120,000,000 new shares of no par value in the Company (completed on 21 June 2018) and the potential issue of new shares of no par value in the Company on conversion of any Convertible Loan Notes which may be issued by the Company.

Capitalised terms used in this announcement shall have the same meanings as defined in the Prospectus, unless otherwise defined herein.

A copy of the Supplementary Prospectus is available on the Company’s website at http://www.uplandres.com and hard copies will also be available at the offices of the Company’s financial adviser and broker, Optiva Securities Limited, 49 Berkeley Square, London W1J 5AZ.

The Supplementary Prospectus has also been submitted to the National Storage Mechanism and will be available shortly at http://www.morningstar.co.uk/uk/NSM.

For further information, please contact:

Upland Resources Limitedwww.uplandres.com
Steve Staley, CEOTel: 07704 974784
s.staley@uplandres.com
Optiva Securities Limited
Jeremy King (Corporate Finance)Tel: 020 3137 1904
jeremy.king@optivasecurities.com
Christian Dennis (Corporate Broker)Tel: 020 3137 1903
christian.dennis@optivasecurities.com
FTI Consulting
Ben Brewerton/Molly StewartTel: +44 (0) 20 3727 1708
molly.stewart@fticonsulting.com
Flowcomms Ltd
Sasha SethiTel: +44 (0)7891 677441
sasha@flowcomms.com
Notes
Upland is an upstream oil & gas company whose highly experienced management team has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc.