VANCOUVER - Trans Canada Gold Corp. (TSX-V: TTG) ('Trans Canada' or the 'Company') is pleased to announce that the Company has received full permit approval for drilling the Crippleback Lake Gold Project in central Newfoundland from the Government of Newfoundland and Labrador.

The Company received initial exploration permit approval on June 28, 2021 for planned Mineral Exploration work on the Crippleback Lake Gold Project to quickly advance the Project to drill ready status. The newly issued diamond drill permits allow the Company to fully utilize all drilling and heavy equipment over the recently identified gold targets situated on the Crippleback Lake Gold Project. Senior Management accompanied by its geology team recently visited Newfoundland and traversed and prospected the Crippleback Lake Gold Project with Newfoundland prospecting legend Allan Keats, a co-vendor of part of the Project, over a three-day period confirming known gold showings and discussing the upcoming target generation and planned drill targeting on the Project. The Company is rapidly advancing the Crippleback Lake Gold Project, which is ideally situated over the Cape Ray Fault. The Cape Ray Fault hosts Marathon Gold's Valentine Lake Gold deposit, which is anticipated to be Atlantic Canada's largest gold mining operation, and Sokomon's 100% wholly-owned Moosehead gold discovery, also strategically located in the 'Corridor of Gold' in central Newfoundland.

Commented Tim Coupland, 'We are excited to have the first of many drill permits now in place, which will quickly advance the Crippleback Lake Gold Project and upcoming drill programs. Our Crippleback Lake Gold Project is ideally situated on the Cape Ray Fault which is widely recognized to host high grade gold mineralization, in the Corridor of Gold, in central Newfoundland. With the onset of a resurgent gold market expecting to rebound in 2021-22, the Company will be well positioned to acquire other prospective gold properties and commence drilling shortly. The results of our recently completed Heli-GT Triaxial Magnetic airborne survey has identified many additional structural lineaments located on the Crippleback Lake Gold Project and will greatly assist in identifying, developing and refining our existing gold targets and greatly assist us in targeting prior to drilling. Our team of highly experienced gold experts are preparing the selected areas for drilling the target gold zones on this strategically located Project optioned from Sokoman Minerals Corp. (TSXV-SIC) ('Sokoman'). This gold exploration opportunity will generate multiple gold targets for the project and advance the Crippleback Lake Gold Project.'

ABOUT TRANS CANADA GOLD CORP. - GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION

Trans Canada Gold Corp. is a discovery focused Canadian Gold and Mineral Exploration and Oil & Gas Resource Development Company that has accumulated a large property portfolio, and is currently focused on developing its' large District Scale Gold exploration projects in Northwestern Ontario and Newfoundland. The Company is focused on developing its property portfolio, increasing production capabilities, and increasing oil production revenues. The Company identifies, acquires and finances the acquisition of large prospective gold exploration properties and the ongoing development of mining and oil and gas assets primarily situated in Canada, a time-honored safe mineral exploration jurisdiction. The Company has now acquired two large District Scale gold mineral exploration property opportunities in Ontario, along with the Crippleback Lake Gold Project situated in the Corridor of Gold in central Newfoundland, and continues to identify low risk exploration opportunities through selective acquisitions and development of mining exploration assets situated in these favorable resource jurisdictions. The Company has qualified Senior exploration management and Geological Mining teams of professionals, seasoned in exploration production, field exploration and drilling. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration and development of mining, and petroleum and natural gas resource assets.

Contact:

Tim Coupland

Tel: (604) 681-3131

Email: astar@telus.com

Web: www.transcanadagold.com

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