Trans Canada Gold Corp. announced that the Company has now completed the purchase of two strategic land and lease acquisitions pursuant to an AMI in a Farmout Agreement dated November 1, 2022. The strategic land and lease acquisition will now allow the Company to quickly start preparing for permitting and drilling of a second Multi-Lateral Horizontal Oil Well in the prolific heavy oil region of Lloydminster, Alberta.

In October 2023, the Company successfully drilled and completed seven (7) multi-lateral legs of its first multilateral well. The Company encountered oil throughout the entire 2,675 meters of lateral oil pay, in the Sparky formation. Croverro Energy Ltd. under the terms of the agreement is the Operator.

Trans Canada has been reviewing a number of additional land and drilling opportunities under the AMI. Croverro may present additional drilling opportunities to Trans Canada, as the opportunities are developed and lands/minerals are obtained throughout the greater Lloydminster region of Alberta. The Company continues to explore additional exploration drilling opportunities in Canada and the United States.