Strategy/Company/Ops Update

Upland Resources Limited (LSE: UPL) is pleased to announce the formation of a Finance and Investment Committee responsible for advising the Upland Board of Directors on activities related to the Company's assets. This underscores the Company's commitment to effective management on workstreams such as Block SK334.

The Finance and Investment Committee's mandate encompasses a number of critical functions, including the oversight of joint venture funding offers which the company has received, preparation and oversight of formal farm-out proceedings, reviewing strategic interest on Block SK334 and unsolicited funding/farm-in offers.

The company is now in the clarification stage of the PSC process, pre drill activities have commenced, a new illustrated project overview will be outlined to investors in the January shareholder update.

Upland Resources is well financed to meet its work commitments, and appreciates the continued support shown from strategic partners and cornerstone investors.

Members of the Finance and Investment Committee

• Bolhassan Di - Chairman
• Dixon Wong
• Aimi Nasharuddin
• John Forrest

Bolhassan Di, Upland Chairman and CEO commented:

"The timely formation of the Financial & Investment committee underlines the need to address the growing interest from corporate and institutional entities, this coupled with the anticipated PSC works leads to what is a busy period ahead. We look forward to outlining our current work-streams and build up towards the production profile of block SK334, in Sarawak."