Upside Gold increases financing to $800,000

Executive Summary

• Upside Gold Corp. has amended the terms of its previously announced non-brokered private placement to increase the offering size due to increased investor demand, including interest from strategic investors.
• The company now proposes to issue up to 2,000,000 common shares at $0.40 per share, raising gross proceeds of up to $800,000.
• The offering is expected to close on or about January 23, 2026, subject to regulatory approvals, with proceeds designated to support corporate initiatives and strengthen the balance sheet.

Key Details

• Offering Size: Increased to up to 2,000,000 common shares.
• Price Per Share: $0.40 CAD.
• Gross Proceeds: Up to $800,000 CAD.
• Structure: Non-brokered private placement relying on exemptions under National Instrument 45-106 (Prospectus Exemptions).
• Use of Proceeds: Additional capital to support continuing corporate initiatives and to strengthen the company's balance sheet.
• Finder's Fees: May be payable to eligible arm's-length persons in accordance with applicable securities laws.
• Expected Closing Date: On or about January 23, 2026, or such other date as determined by the company.
• Conditions Precedent: Subject to customary closing conditions, including approval of securities regulatory authorities and the Canadian Securities Exchange (CSE).
• Hold Period: All securities issued are subject to a statutory hold period of four months and one day from the date of issuance.

Notable Quotes

• No direct quotes from management were included in the provided text.