Trans Canada Gold Corp. and Partnership Group Lead by Croverro Energy, Acquires Additional Land and Lease Rights, Which Will Allow for Drilling Up to Three Additional New Multilateral Wells Situated Near Lloydminster, Alberta

VANCOUVER, BC / ACCESS Newswire / February 10, 2025 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Company has acquired additional lands inside the AMI, lead by Croverro Partnership Group, which will allow the drilling of up to three (3) additional multilateral wells targeting the Sparky and GP Zones. The 320-acre parcel offset our existing lands to the south were acquired by the Croverro Energy Group. The newly acquired lands, combined with our existing lands, have the oil resource potential in both the Sparky and General Petroleum (GP) producing zones. These additional lands bring total lands controlled to 1040 acres. The company's interest in the lands is 18.75%, with all wells to be drilled on a non-promoted basis (pay 18.75% to earn 18.75%).

Our operator, Croverro Energy, has acquired and processed 2 additional seismic lines, which combined together with existing well control will allow the more precise targeting in the Sparky Zone and GP, when drilling the horizontal wells in the oil resource reservoirs.

Commented Tim Coupland, "This will allow for drilling up to three (3) more additional multilateral wells targeting the prolific Sparky and GP producing zones. We will be drilling our third large multi-lateral oil well shortly, with a reliable and experienced partner, who can consistently target and discover oil reservoirs, followed by successful drilling, oil production, low operational costs and proven revenue success."

ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS

The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration properties, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets primarily situated in Alberta Canada. The Company has qualified Senior exploration management and Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. 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 drilling, and maximizing long term petroleum and natural gas resource assets.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: [phone]
[e-mail]
www.transcanadagold.com

or

Christian Timmins, Director
Trans Canada Gold Corp.
Tel: [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

Chris Timmins
Director
[e-mail]
403-597-3410

Tim Coupland
CEO
[e-mail]
604-681-3131

SOURCE: Trans Canada Gold Corp.

View the original press release on ACCESS Newswire