Turner Valley Oil & Gas : Disclosure Statement for the year ended December 31, 2021

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

TURNER VALLEY OIL & GAS, INC.

5900 Balcones Drive

Suite 4503

Austin, TX 78731 _______________________________ 352-561-8896

[e-mail]1629

Annual Report

For the Period Ending: December 31, 2021

(the "Reporting Period")

As of December 31, 2021, the number of shares outstanding of our Common Stock was: 211,795,023

As of September 30, 2021, the number of shares outstanding of our Common Stock was: 205,419,533

As of December 31, 2020, the number of shares outstanding of our Common Stock was: 157,950,467

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐

No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes: ☐ No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

1 "Change in Control" shall mean any events resulting in:

(i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;

• (ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;

• (iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or

(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

Yes: ☐ 1)

No: ☒

Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

Turner Valley Oil and Gas, Inc. (name changed 7/25/2018)

Turner Venture Group, Inc. (name changed 8/1/2016)

Turner Valley Oil and Gas, Inc. (name changed 7/24/2004)

NetParts.com (original name when incorporated on 4/21/1999)

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

Nevada, in good standing.

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

Bloomi Labs LLC - 100% of member interests acquired 10/7/2020.

The address(es) of the issuer's principal executive office:

5900 Balcones Drive, Suite 4503, Austin, TX 78731

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐

No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

2)Security Information

Trading symbol:	TVOG
Exact title and class of securities outstanding:	Common
CUSIP:	900382102
Par or stated value:	$0.001
Total shares authorized:	500,000,000
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3 February 2021)

as of date: 12/32/2021

Total shares outstanding:	211,795,023 as of date: 12/31/2021
Number of shares in the Public Float2:	116,174,296 as of date: 12/31/2021
Total number of shareholders of record:	126 as of date: 12/31/2021

All additional class(es) of publicly traded securities (if any):

Trading symbol:	TVOG
Exact title and class of securities outstanding:	Preferred Series A
CUSIP:	None
Par or stated value:	$0.001
Total shares authorized:	4,000,000 as of date: 12/31/2021
Total shares outstanding:	1,827,000 as of date: 12/31/2021
Trading symbol:	TVOG
Exact title and class of securities outstanding:	Preferred Series B
CUSIP:	None
Par or stated value:	$0.001
Total shares authorized:	1,500,000 as of date: 12/31/2021
Total shares outstanding:	1,420,000 as of date: 12/31/2021
Transfer Agent

Name:	Pacific Stock Transfer
Phone:	800-785-7782
Email:	[e-mail]
Address:	6725 Via Austi Pkwy, Suite 300, Las Vegas, NV 89119

Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒

No: ☐

3)Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐

Shares Outstanding as of Second Most Recent Fiscal Year End: Opening Balance

*Right-click the rows below and select "Insert" to add rows as needed.

2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.

3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

Date 1/1/2018 109,014,136 Common: Preferred A: 1,827,000 Preferred B: -0-
Date of Transaction	Transaction type (e.g. new issuance, cancellation, shares returned to treasury)	Number of Shares Issued (or cancelled)	Class of Securities	Value of shares issued ($/per share) at Issuance	Were the share s issue d at a disco unt to marke t price at the time of issua nce? (Yes/ No)	Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).	Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided	Restricted or Unrestricted as of this filing.	Exempt ion or Registr ation Type.
2/15/2018	New issuance	5,200,000	Common	$218,400	Yes	U.S. Petrovest , Inc. (Control person: Robyn Rogers)	Debt conversion	Unrestricted	Rule 144
2/15/2018	New issuance	5,050,000	Common	$212,100	Yes	Kronos Capital Group, Inc. (Control person: Richard Vetter	Debt conversion	Unrestricted	Rule 144
4/24/2018	New issuance	1,000,000	Common	$31,700	Yes	Stephen Helm	Services	Restricted
5/17/2018	New issuance	300,000	Common	$9,120	No	Matt Kochend orfer	Services	Restricted
5/17/2018	New issuance	12,789	Common	$389	No	Rose Kochend orfer	Debt conversion	Restricted
5/17/2018	New issuance	3,740,000	Common	$113,696	No	Stephen Helm	Cash advanced	Restricted
5/17/2018	New issuance	3,924,405	Common	$119,301	No	Richard Adams	Services	Restricted
6/18/2018	New issuance	5,000,000	Common	$110,500	Yes	U.S. Petrovest , Inc. (Control person: Robyn Rogers)	Debt conversion	Unrestricted	Rule 144
7/2/2018	New issuance	500,000	Common	$9,350	Yes	Rick Hupe	Services	Restricted
1/28/2019	New issuance	758,079	Common	$51,00	Yes	James B. Smith	Services	Restricted
2/8/2019	New issuance	6,000,000	Common	$80,400	Yes	U.S. Petrovest , Inc. (Control person: Robyn Rogers)	Debt conversion	Unrestricted	Rule 144
4/17/2019	New issuance	334,391	Common	$4,188	Yes	James B. Smith	Services	Restricted
4/30/2019	New issuance	666,667	Common	$5,000	Yes	Dana Thomas	Subscription Agreement	Restricted
5/15/2019	New issuance	6,000,000	Common	$6,000	Yes	U.S. Petrovest , Inc. (Control person: Robyn Rogers)	Debt conversion	Unrestricted	Rule 144
7/8/2020	New issuance	7,200,000	Common	$7,200	Yes	U.S. Petrovest , Inc. (Control person: Robyn Rogers)	Debt conversion	Unrestricted	Rule 144
8/11/2020	New issuance	1,000,000	Common	$4,775	Yes	James B. Smith	Services	Restricted