Trans Canada Gold Corp. Completes Its Tenth Full Month of Steady Oil Production for July 2024 and Prepares for Drilling Its Second Multilateral Well, Targeting 8,000 Meters of GP Oil Reservoir

• Tenth Month of Steady Oil Production: Trans Canada Gold Corp. has completed its tenth consecutive month of robust oil production for July 2024, with oil sales to Altex and Cenovus Energy Ltd.

• Successful Multilateral Well Production: Since its inception in October 2023, the Croverro 7HZ Well, featuring seven multilateral legs, has produced over 60,000 barrels of oil.

• Upcoming Drilling of Second Multilateral Well: Trans Canada is preparing to drill its second multilateral horizontal well targeting the General Petroleum (GP) Zone

VANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Company has now completed its tenth full month of robust steady oil production for the month of July 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Company will release the June numbers in the coming days, once finalized. In October 2023, the Company successfully drilled and completed seven (7) multi-lateral legs of the Company's first multilateral well. The Company encountered oil throughout the entire 2675 meters of lateral oil pay in the Sparky Formation. Since drilling inception, the Croverro 7HZ Well has now produced over 60,000 barrels of consistent steady oil production. Croverro Energy Ltd. under the terms of the agreement, is the Operator.

The lands for the well are currently controlled by a partnership led by Croverro, with the company holding 18.75% interest. This second multi-lateral horizontal well is based on similar wells drilled in the GP oil formation using surrounding well control combined with recently processed seismic lines. The new multilateral well is expected to contact over 8000 m of GP oil reservoir. Surface preparations are now in progress, with lease construction expected to be completed by Aug 10^th, 2024. The well is scheduled to be drilled in mid-August.

The Company has acquired additional lands inside the AMI, which will allow the drilling of up to 4 additional multilateral wells. The 320-acre parcel offset our existing lands to the north were acquired from Canpar (CN Pension Fund), Freehold Royalties and Rife Resources. The newly acquired lands, together combined with our existing lands, give access to oil resource potential in both the Sparky and General Petroleum (GP) producing zones.

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