Trilliant Exploration Corporation came to terms with debt and bond holder Trafalgar Capital SIF (in Liquidation) The company and Trafalgar agreed to cancel all outstanding debt, in both secured and unsecured bonds, debentures and loan notes that took place through 2008-2010, effective December 30, 2013. Total accrued debt and interest payments outstanding of approximately $2,574,178 have effectively been cancelled effective December 30, 2013. The company and Trafalgar have agreed to a new six month promissory note for $250,000 effective January 1, 2014 with annual interest of 6%.

Effective January 1, 2014, this shall be the only outstanding agreement between the company and Trafalgar.