Upside Gold Announces Increase in Private Placement

Executive Summary

• Upside Gold Corp. amended its previously announced non‑brokered private placement, increasing the offering size to up to 2 million common shares at $0.40 per share for gross proceeds of up to $800,000.
• The additional capital will be used to fund ongoing corporate initiatives and strengthen the company’s balance sheet.
• Closing is expected on or about January 23 2026, subject to customary conditions; all issued securities will carry a four‑month‑plus hold period.

Key Details

• Amended Offering Size: Up to 2,000,000 common shares (previous size not disclosed).
• Price per Share: $0.40.
• Maximum Gross Proceeds: $800,000.
• Offering Structure: Non‑brokered private placement relying on NI 45‑106 prospectus exemptions.
• Use of Proceeds: Support ongoing corporate initiatives and strengthen the balance sheet.
• Closing Date: Expected on or about January 23 2026 (or other date at company’s discretion).
• Conditions to Closing: Standard closing conditions, including approval by securities regulators and the Canadian Securities Exchange.
• Hold Period: Shares subject to a hold period of four months and one day from issuance.
• Finder’s Fees: May be payable on gross proceeds to eligible arm‑length persons in accordance with applicable securities laws.

Notable Quotes

• “The increased investor demand, including interest from strategic investors, underscores confidence in Upside Gold’s growth trajectory and provides us with the capital needed to advance our exploration programs.” – Sophy Cesar, CEO and Director.