Upside Gold Corp. Signs LOI to Acquire Claims Adjacent to Kena Property, Strengthening Land Package

Upside Gold Corp. (CSE: UG) (FSE: 47I) (OTCQB: UGODF) announced the signing of a Letter of Intent (LOI) with a local prospector to acquire seven mineral claims totaling approximately 273 hectares located on the northwest side of the Company's Kena Gold-Copper Property in southeastern British Columbia. The proposed acquisition is intended to strengthen the continuity of the Kena land package by bringing together adjacent ground along a prospective trend. The claims cover historically mineralized areas and support the Company's strategy of building scale across the Kena system.

The claims encompass the original six reverted Crown grants that formed the historic Venus-Juno Group, which recorded past production of approximately 5,411 tonnes grading an average of 19.8 g/t gold and 17.7 g/t silver, with minor copper and lead, during the first half of the 20th century. This history of high-grade production supports the presence of mineralization within the broader district and reinforces the exploration potential of this largely under-explored portion of the property.

Geologically, the claims are underlain by altered mafic volcanic rocks of the Elise Formation adjacent to the Nelson granodiorite intrusion - the same regional geological setting that hosts gold and copper mineralization at Kena. Mineralization on the newly acquired claims is characterized by quartz veins and stringers containing pyrite, galena, sphalerite, and copper sulphides, consistent with mineralization styles observed elsewhere across the Kena Property.

The Company plans to conduct a systematic surface evaluation program to assess the extent and continuity of gold-silver mineralization across the newly acquired claims and to determine their potential contribution to the broader Kena exploration model. The information in this press release has been reviewed and approved by Trevor Boyd, P.Geo., Vice President, Exploration of the Company and a Qualified Person for the technical information under NI 43-101 standards.

Upside Gold Corp. is focused on advancing the Kena Gold-Copper Project through systematic exploration and drilling programs. The Kena Project hosts a historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled “NI 43-101 Resource Estimate for the Kena and Daylight Properties” prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources.

This strategic acquisition underscores Upside Gold's commitment to consolidating highly prospective ground in a proven mineralized district. The addition of these claims, with their historic high-grade production, could significantly enhance the resource potential and overall value of the Kena project. The systematic surface evaluation program will provide critical data to guide future exploration and drilling efforts, potentially leading to an updated resource estimate and advancing the project toward development.