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Calgary, Alberta – TheNewswire - January 19, 2026  – Upside Gold Corp. (“ Upside ” or the “ Company ”) (CSE: UG) is pleased to announce, due to increased investor demand, including interest from strategic investors, the Company has amended the terms of the previously announced non-brokered private placement (the “ Offering ”) to increase the size of the Offering.

Pursuant to the amendment, the Company now proposes to issue up to 2,000,000 common shares of the Company at a price of $0.40 per share for gross proceeds of up to $800,000. The Offering is expected to be completed on a non-brokered private placement basis and rely on the exemptions set forth under National Instrument 45-106 - Prospectus Exemptions.

The gross proceeds of the Offering will provide the Company with additional capital to support ongoing corporate initiatives and to strengthen its balance sheet.

In connection with the Offering, finder’s fees may be payable on the gross proceeds to eligible arm’s-length persons in accordance with applicable securities laws.

The Offering is expected to close on or about January 23, 2026, or such other date as the Company may determine.

The closing of the Offering is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange (“ CSE ”). All securities issued pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

For more information about Upside Gold Corp., please visit  www.upsidegoldcorp.com .

On behalf of Upside Gold Corp.

Sophy Cesar

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 approximately 10,114.8 hectares, together with 11 crown grants covering approximately 92 hectares. The Company’s exploration strategy is focused on advancing the Project through disciplined, high-impact exploration and targeted drilling programs, supported by efficient capital allocation to drive long-term shareholder value.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

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