Highlights
Upside completes 6,563 metres of diamond drilling across 24 holes at its Kena Gold-Copper Project.
2026 drilling exceeds the original 4,000-metre plan by approximately 64%.
Final drilling phase followed up on geological observations in the South Zone and Kena Copper-Gold Zone, outside the 2021 historical resource footprint.
Assay results and geological interpretation will support the updated NI 43-101 mineral resource estimate targeted for Q1 2027.
CALGARY, Alberta – October 15, 2026 – TheNewswire – Upside Gold Corp. (“Upside” or the “Company”) (CSE: UG) (FSE: 47I) (OTCQB: UGODF) is pleased to announce the completion of its expanded 2026 diamond drilling program at the Kena Gold-Copper Project (“Kena” or the “Project”) in southeastern British Columbia. The Company completed 6,562.68 metres of diamond drilling across 24 holes, exceeding its original 4,000-metre program by approximately 64%.
Following the initial phase of drilling, detailed core logging identified geological features that warranted additional follow-up. The Company subsequently returned to the field to further test the South Zone and Kena Copper-Gold Zone, both located outside the footprint of the 2021 historical mineral resource estimate along regional strike to the southeast.
The final phase of drilling was designed to further evaluate the orientation and geometry of mineralized trends identified during core logging. Modified drill orientations were used to better test sulphide mineralization and associated hydrothermal alteration interpreted to cross-cut the regional host rock foliation.
“Completing more than 6,500 metres of drilling this year is a significant milestone for Upside,” said Sophy Cesar, CEO and Director of Upside Gold. “We started the year with a 4,000-metre program and ultimately completed more drilling than originally planned, ahead of schedule and under budget. That’s a testament to the hard work and efficiency of our exploration team, who did an exceptional job throughout the season. With drilling now complete, we’re looking ahead to assay results and the updated resource estimate targeted for Q1 2027.”
Trevor Boyd, P.Geo., Vice President, Exploration of Upside Gold, added: “The 2026 drill and field program has provided an extensive geological dataset across the Kena Project. In addition to the original drill targets, the follow-up holes will help us assess the orientation and distribution of mineralization in areas beyond the historical resource footprint. Integrating the drilling information with assay results will be an important next step in evaluating these targets and planning future exploration.”
Next Steps
With drilling now complete, the Company’s exploration team will focus on completing core logging, sampling and geological interpretation. Samples will continue to be submitted for laboratory analysis and the Company will provide further updates once the results have been received and evaluated.
Data from the 2026 program is expected to contribute to the updated mineral resource evaluation being undertaken by Moose Mountain Technical Services, subject to the receipt and validation of assay and QA/QC data. The updated NI 43-101 mineral resource estimate remains targeted for Q1 2027.
The Company cautions that visual observations of mineralization in drill core are not a substitute for laboratory assay results and do not provide a reliable indication of grade.
Qualified Person
The information in this press release has been reviewed and approved by Dr. 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 207 mineral claims and 11 crown grants covering 10,578 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 an 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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