(via TheNewswire)

Highlights

• Upside has completed 4,645 metres of diamond drilling at the Kena Gold-Copper Project, surpassing the 4,000 metres originally planned for the 2026 program.  

• Drilling will continue beyond the initial program as the Company advances testing of extensions to the historical gold resource* and additional high-priority gold-copper targets, including the Kena Copper-Gold Zone.  

• The expanded 2026 drill program represents a key component of Upside Gold’s strategy toward an updated NI 43-101 mineral resource estimate targeted for 2027, incorporating new drilling, post-2021 historical drilling and the evaluation of copper and silver values.  

CALGARY, Alberta – August 19, 2026  – TheNewswire - Upside Gold Corp. (“ Upside ” or the “ Company ”) (CSE: UG) (FSE: 47I) (OTCQB: UGODF) is pleased to provide an update on its ongoing 2026 diamond drilling program at the Kena Gold-Copper Project (“Kena” or the “Project”) in southeastern British Columbia.

The Company has now completed approximately 4,645 metres of diamond drilling, exceeding the 4,000 metres originally planned for the 2026 program. Based on the progress of the program and ongoing evaluation of drill core by the Company’s technical team, drilling will continue beyond the originally planned program. The Company is currently focusing its drilling on testing the Kena Copper-Gold Zone, extending southeast along strike from the historic resource. As previously announced on July 15, 2026, the Company’s Mines Act Permit MX-100000131 was extended to October 31, 2026, allowing for continued exploration and drilling into the fall.

 “The team has made excellent progress at Kena, and we have already exceeded the metres originally planned for this year’s program,” said Sophy Cesar, CEO and Director of Upside Gold. “With our exploration permit extended through the end of October and a strong treasury following our recent financing, we have the flexibility to keep testing priority targets as the program advances. Each additional metre brings us closer to our objective of an updated mineral resource estimate at Kena in 2027.”

Drill core from the program is being logged, sampled and submitted for analysis on an ongoing basis. The Company expects to report assay results as they are received, reviewed and interpreted.

Results from the 2026 drilling program are expected to form an important component of the Company’s broader resource evaluation strategy at Kena. Upside intends to combine the new drilling with approximately 5,000 metres of historical drilling completed subsequent to the 2021 historical mineral resource estimate and its ongoing evaluation of historical copper and silver analytical data to support the preparation of an updated NI 43-101 mineral resource estimate targeted for 2027.  Drill core samples have also been submitted for a program of metallurgical testing in order to assess gold, copper and silver recoveries together from the mineralized material to support this estimate.

Figure 1 : Drill core from the current drill program showing disseminated chalcopyrite mineralization.

The Company will provide further updates on the expanded drill program as drilling progresses.

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.

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 exploration company that has entered into an option agreement to acquire a 100% interest in the Kena Gold-Copper Project, located in southeastern British Columbia, approximately 7 kilometres southwest of Nelson. The Kena Project consists of 198 mineral claims covering 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares.

The Corporation 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, as defined by National Instrument 43-101, 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. The historical estimate is provided for information purposes only and should not be relied upon.   Additional drilling and technical work will be required to verify the historical estimate as a current mineral resource . The historical estimate uses the categories set out in section 1.2 of the NI-43-101. The parameters and assumptions used are outlined in Bird 2021 and are provided as follows:

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

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

3. The Mineral Resource has been confined by a “reasonable prospects of eventual economic extraction” pit using the following assumptions: US $2,000/oz. Au at a currency exchange rate of 0.77 US$ per $CDN; 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 at 45º.

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

Caution Regarding Forward-Looking Information

This news release contains forward-looking information that 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 that describe Upside Gold's future plans, objectives or goals, including words to the effect that Upside Gold or 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 statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Upside Gold, Upside Gold provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release 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 estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. 

Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Transaction on the terms as announced or at all, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfil the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Upside Gold public documents filed on SEDAR. Although Upside Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Upside Gold disclaims any intention or 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 Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

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