TIDMUPL

RNS Number : 5441Y

Upland Resources Limited

10 September 2020

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.

10 September 2020

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

New Role for Chris Pitman

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets in Tunisia, South-East Asia and the UK, announces that Mr. Chris Pitman is relinquishing his role as Chief Executive Officer of the Company and will now focus on sourcing and developing new business opportunities particularly in respect of the Middle East and Africa regions where he has considerable previous experience. This is a strategic decision made by the Board to ensure the Company continues to deliver new attractive upstream assets. Chris Pitman continues to serve as a director of the Company.

Until further notice, Mr. Bolhassan Di, Non-Executive Chairman of the Company, will assume the role of the Company's interim Chief Executive Officer. The Board intends to recruit a new CEO as soon as practicable and expects to complete this within the next 3 months.

Bolhassan Di, Chairman of the Company, commented:

"The Upland Board wishes to thank Chris Pitman for stepping up as CEO on short notice in early October last year. Chris will now focus on sourcing and developing specific new opportunities for Upland, with myself acting as interim CEO from today. Chris has already identified a number of exciting plays. We look forward to providing shareholders with further updates in due course and also in respect of our activities in the UK, Tunisia, Sarawak and Brunei.".

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information, please contact:

 
 Bolhassan Di, Interim, CEO            www.uplandres.com 
  Christopher Pitman, Non-Executive     Tel: +44 (0) 7891 677441 
  Director                              E-mail: chris.pitman@uplandres.com 
 Optiva Securities - Broker 
 Jeremy King (Corporate Finance)       www.optivasecurities.com 
                                        Tel: +44 (0) 20 3137 1904 
                                        E-mail: jeremy.king@optivasecurities.com 
 Christian Dennis (Corporate Broker)   Tel: +44 (0) 20 3411 1903 
                                        E-mail: christian.dennis@optivasecurities.com 
 
 
  FTI Consulting - Financial PR    Tel: +44 (0)203 727 1000 
   Ben Brewerton                    E-mail: ben.brewerton@fticonsulting.com 
  Christopher Laing                E-mail: christopher.laing @fticonsulting.com 
 
   Flowcomms - IR Contact 
  Sasha Sethi                      Tel: +44 (0)7891 677441 
                                    sasha@flowcomms.com 
 

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September 10, 2020 02:00 ET (06:00 GMT)

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