Upside Gold Announces Fully Permitted Drill Program at the Kena Gold-Copper Project

(TheNewswire)

CALGARY, Alberta – TheNewswire - May 27, 2026 –Upside Gold Corp. (“Upside” or the “Company”) (CSE: UG)(FSE: 47I) (OTCQB: UGODF)  is pleased toannounce plans for a fully permitted diamond drill program at its KenaGold-Copper Project (“Kena” or the “Project”) in southeasternBritish Columbia, with drilling expected to commence in June2026.

Highlights of the 2026 DrillProgram:
• Approximately 4,000 metres of diamond drilling planned
• Drilling expected to commence in June 2026
• Program designed to support expansion of the existing historicalgold resource
• Targeting both gold and copper mineralization across multiplezones
• Continued evaluation of the Kena Copper-Gold Zone and broaderdistrict-scale mineralized system

The planned program is designed to support resourceexpansion at Kena through a combination of step-out and targetexpansion drilling focused on near-resource mineralization andemerging gold-copper targets, including the Kena Copper-GoldZone.

The 2026 program follows approval of the Company’sMulti-Year Area-Based (“MYAB”) permit annual update by the BritishColumbia Ministry of Mining and Critical Minerals, which authorizesadditional drill sites and access trails as part of the ongoingadvancement of the Project.

“We believe Kena represents a rare combination ofscale, and expansion potential in southern British Columbia,” statedSophy Cesar, Chief Executive Officer of Upside Gold Corp. “This nextphase of drilling is focused on growing and strengthening the existingresource footprint while continuing to demonstrate the broadergold-copper potential across the property. We are particularlyencouraged by the emerging copper component of the system and theopportunity to continue advancing the Kena Copper-Gold Zone alongsidethe established historical gold resource.”

Dr. Trevor Boyd, VP Exploration, added: “The 2026drill program is designed to systematically test extensions of knownmineralization while also advancing several highly prospectivegold-copper targets identified through compilation of historicdrilling, geophysics, surface sampling, and geological interpretation.We believe the Kena system remains significantly underexploredrelative to its size and geological potential.”

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The information in this press release has been reviewedand approved by Trevor Boyd, P.Geo., VicePresident, Exploration of the Company and aQualified Person for the technical information under NI 43-101standards.

Upside Gold Corp.

On behalf of Upside Gold Corp.

Sophy Cesar

(403) 650-7718  

CEO and Director

info@upsidegoldcorp.com
www.upsidegoldcorp.com

About Upside Gold Corp.

Upside Gold Corp. is a Canadian gold-copper explorationcompany that has entered into an option agreement to acquire a 100%interest in the Kena Gold-Copper Project, located in southeasternBritish Columbia, approximately 7 kilometres southwest of Nelson. TheKena Project consists of 198 mineral claims covering 10,114.8hectares, together with 11 crown grants covering approximately 92hectares.

The Corporation is focused on advancing the KenaGold-Copper Project through systematic exploration and drillingprograms.

The Kena Project hosts a historical gold resourcecomprising an Indicated Mineral Resource of 32,146,000 tonnes at anaverage grade of 0.544 g/t Au for 0.561 million ounces of gold, and anInferred Mineral Resource of 177,507,000 tonnes at an average grade of0.486 g/t Au for 2.77 million ounces of gold. The historical resourceestimate is disclosed in the technical report entitled “NI 43-101 Resource Estimate for theKena and Daylight Properties” prepared by SueBird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021,and filed on SEDAR on behalf of West Mining Corp.

A Qualified Person, as defined by National Instrument43-101, has not done sufficient work to classify the historicalestimate as current mineral resources, and Upside Gold Corp. is nottreating the historical estimate as current mineral resources. Thehistorical estimate is provided for information purposes only andshould not be relied upon.  To upgrade thehistorical estimate as current mineral resource additional drillingneeds to be completed. The historical estimate uses the categories setout in section 1.2 of the NI-43-101. The parameters and assumptionsused are outlined in Bird 2021 and are provided as follows:

 1. Resources are reported usingthe 2014 CIM Definition Standards and were estimated using the 2019CIM Best Practices Guidelines.

2. Mineral Resources that are notMineral Reserves do not have demonstrated economic viability.

3. The Mineral Resource has beenconfined by a “reasonable prospects of eventual economicextraction” pit using the following assumptions: US $2,000/oz. Au ata currency exchange rate of 0.77 US$ per ; 99.95% payable Au;$4.30/oz Au offsite costs (refining, transport and insurance); a 3%NSR royalty; and uses a 88% metallurgical recovery for gold.

4. Pit slope angles are assumed at45º.

5. The specific gravity of thedeposit has been assigned as 2.8 based on sg measurements in the Kenadeposit.

Caution Regarding Forward-LookingInformation

This news release contains forward-looking informationthat involves substantial known and unknown risks and uncertainties,most of which are beyond the control of Upside Gold.Forward-looking statements include estimates and statements thatdescribe Upside Gold's future plans, objectives or goals,including words to the effect that Upside Goldor its management expects a stated condition or result to occur.Forward-looking statements may be identified by such terms as"believes", "anticipates", "expects","estimates", "may", "could", "would","will", or "plan". Since forward-looking statementsare based on assumptions and address future events and conditions, bytheir very nature they involve inherent risks and uncertainties.Although these statements are based on information currently availableto Upside Gold, Upside Gold provides no assurance that actual resultswill meet management's expectations. Risks, uncertainties andother factors involved with forward-looking information could causeactual events, results, performance, prospects and opportunities todiffer materially from those expressed or implied by suchforward-looking information. Forward looking information in this newsrelease includes, but is not limited to, Upside Gold’s objectives,goals or future plans, statements, details of the exploration results,potential mineralization, Upside Gold’s portfolio, treasury,management team and enhanced capital markets profile, the estimationof mineral resources, exploration and mine development plans, timingof the commencement of operations and estimates of marketconditions. 

Factors that could cause actual results to differ materially from suchforward-looking information include, but are not limited to, failureor inability to complete the Transaction on the terms as announced orat all, regulatory approval processes, failure to identify mineralresources, delays in obtaining or failures to obtain requiredgovernmental, regulatory, environmental or other project approvals,political risks, inability to fulfil the duty to accommodate FirstNations and other indigenous peoples, uncertainties relating to theavailability and costs of financing needed in the future, changes inequity markets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in Upside Gold public documents filed onSEDAR. Although Upside Gold believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. Upside Gold disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.  

Neither the CSE nor its RegulationServices Provider accepts responsibility for the adequacy or accuracyof this news release.

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