Trillion Energy Announces Warrant Extension & Non-Brokered Private Placement Update

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") is pleased to announce that, further to its previously announced non-brokered private placement (the "Offering"), as described in the Company's April 17, 2026 news release, it has closed 17,172,419 units (the "Units") for gross proceeds of CAD$1,501,900 and the settlement of CAD$1,073,963 in outstanding debt. Furthermore, the Company has extended the expiry of 2,124,515 outstanding warrants by one year, as described below.

Private Placement Update

The Company issued 10,012,668 Units for gross proceeds of CAD$1,501,900 and settled outstanding debt with arm's length and non-arm's length parties of CAD$1,073,963 through the issuance of an aggregate of 7,159,751 Units.

Each Unit is comprised of one common share of the Company (each, a "Share") and one-half of one share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable at a price of CAD$0.25 per share for a period of one year from the date of issuance.

In connection with the Offering, Trillion paid an aggregate of CAD$53,240.05 in cash finder's fees and issued an aggregate of 286,134 non-transferable broker warrants ("Broker Warrants"). Each Broker Warrant entitles the holder to one (1) Share and is exercisable at a price of CAD$0.25 per share for a period of one year from the date of issuance.

The Shares, Warrants and Broker Warrants issued in connection with the Offering are subject to hold periods ranging from August 28, 2026, to October 6, 2026, in accordance with applicable securities laws and the policies of the CSE. The Offering remains subject to any applicable approval of the CSE.

Proceeds from the Offering will be used to fund contractual work program obligations on the M47 Concession under the Definitive Farm-In Agreement, toward which the Company has paid a total of US$500,000 towards work commitments, audit and general corporate purposes, investor relations activities, the expenses of the Offering, and general working capital.

Certain insiders of the Company settled debt concurrent with the Offering through the issuance of an aggregate of 3,294,536 Units (the "Insider Participation"). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Securityholders in Special Transactions ("MI 61-101") by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of such Insider Participation does not exceed 25% of the Company's market capitalization.

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