Upside Gold to Acquire Mineral Claims at Kena Gold-Copper Property
CALGARY, Alberta — April 27, 2026 — Leads & Copy — Upside Gold Corp. has signed a Letter of Intent (LOI) to acquire seven mineral claims on the northwest side of its Kena Gold-Copper Property in southeastern British Columbia.
The claims, totaling approximately 273 hectares, are being acquired from a local prospector. The acquisition aims to strengthen the continuity of the Kena land package by uniting adjacent ground along a prospective trend. The claims encompass historically mineralized areas.
The acquired claims include the original six reverted Crown grants that formed the historic Venus-Juno Group. This group recorded past production of approximately 5,411 tonnes grading an average of 19.8 g/t gold and 17.7 g/t silver, with minor copper and lead, during the first half of the 20th century. Upside Gold believes this history of high-grade production supports the presence of mineralization within the broader district and reinforces the exploration potential of this portion of the property.
Geologically, the claims are underlain by altered mafic volcanic rocks of the Elise Formation adjacent to the Nelson granodiorite intrusion. This is the same regional geological setting that hosts gold and copper mineralization at Kena. Mineralization on the newly acquired claims is characterized by quartz veins and stringers containing pyrite, galena, sphalerite, and copper sulphides, consistent with mineralization styles observed elsewhere across the Kena Property.
Upside Gold plans to conduct a systematic surface evaluation program to assess the extent and continuity of gold-silver mineralization across the newly acquired claims. The company aims to determine their potential contribution to the broader Kena exploration model.
Trevor Boyd, P.Geo., Vice President, Exploration of Upside Gold, and a Qualified Person under NI 43-101 standards, has reviewed and approved the technical information in the release.
Upside Gold is a Canadian gold-copper exploration company focused on the Kena Gold-Copper Project, located approximately 7 kilometers southwest of Nelson in southeastern British Columbia. The Kena Project consists of 198 mineral claims covering 10,114.8 hectares, along with 11 crown grants covering approximately 92 hectares.
The company 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.
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 is not treating it as such. Additional drilling is needed to upgrade the historical estimate to current mineral resource status.
Source: Upside Gold Corp.
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