Trans Canada Gold Completes Second Tranche of the Non-Brokered Private Placement and Prepares for Drilling at the Harrison Lake Gold Project ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
May 8th, 2026 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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Trans Canada Gold Completes Second Tranche of the Non-Brokered Private Placement and
Prepares for Drilling at the Harrison Lake Gold Project
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -TTGXF) (“Trans Canada ” or the
“Company”), is pleased to announce that it has completed the second and final tranche of its previously
announced (see news releases dated February 4, 2026, February 23, 2026 , March 23, 2026 and April
2026) non -brokered private placement (the “ Offering”), placing a total of 100,000 non-flow through
units (the “Units”) at a price of $0.15 per unit for gross proceeds of $15,000. In aggregate, in tranche 1
and 2 combined, the Company placed a total of 3,616,663 non-flow through units (the “Units”) at a price
of $0.15 per unit and 1,817,839 flow through units (the “FT Units”) at a price of $0.18 per unit for gross
proceeds of $869,711.
Each Unit consists of one (1) common share and one (1) common share purchase warrant (an “ NFT
Warrant”). Each NFT Warrant is exercisable at a price of $0.30 per share for a period of three (3) years
from the date of issuance. Each FT Unit consists of one (1) common share and one -half (1/2) of one
common share purchase warrant (an “FT Warrant”). Each whole FT Warrant is exercisable at a price of
$0.30 per share for a period of two (2) years from the date of issuance. Each flow-through share qualifies
as a “flow-through share” for the purposes of the Income Tax Act (Canada).
In connection with the closing of the first tranche of the Offering, the Company paid cash finder’s fees
in the aggregate amount of $43,843 and issued an aggregate of 272,070 finder’s warrants to the
following finders: Leede Financial Inc., Ventum Financial Corp., PB Markets Inc., Dave Bissoondatt, Emile
Rock and EMD Financial Inc. Each finder’s warrant is exercisable at a price of $0.30 per share for a period
of three (3) years from the date of issuance. No finder’s fees were paid in connection with the second
tranche of the Offering. All securities issued under the first tranche of the Offering will be subject to a
four month hold period expiring August 8, 2026 in accordance with applicable securities laws. All
securities issued under the second tranche of the Offering will be subject to a four month hold period
expiring September 8, 2026 in accordance with applicable securities laws.
The Company intends to use the proceeds of the Offering for due diligence and other costs related to
the acquisition of the Harrison Lake Gold Property located in Southwestern British Columbia (the
“Property”) ($50,000), initial acquisition costs payable to Bear Mountain Gold Mines under the Option
Agreement respecting the Property ($50,000) (paid), year 1 exploration expenditures on the Property
($600,000) and general working capital ($169,711).
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Year 1 expenditures on the Property are budgeted as follows: upgrading core logging facility ($25,000),
completing required underground rehab and drill site prep ($100,000), completing minimum 1,000
meters of underground drilling ($150,000), ATV trail and drill road upgrades ($50,000), completing
minimum 500 meters Hill Zone and Portal Zone ($75,000), equipment rentals and consumables
($50,000), drill program supervision, assaying and reporting ($50,000), contingency ($100,000).
Proceeds from the flow -through portion of the Offering will be used for eligible Canadian exploration
expenditures (as defined in the Income Tax Act (Canada)) in connection with exploration activities on
the Property. These expenditures will be renounced for the 2026 tax year.
Related Party Participation
Pursuant to Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special
Transactions (“MI 61 -101”) the Company advises that the Offering constitutes a “related party
transaction” under MI 61-101 due to the participation of one insider as a subscriber under the Offering.
The insider subscribed for 333,333 Units for aggregate proceeds of $50,000 pursua nt to the Offering.
The Company is relying on the exemptions from the formal valuation and minority shareholder approval
requirements of MI 61 -101 pursuant to section 5.5(a) and se ction 5.7(1)(a) of MI 61 -101 based on the
fact that neither the fair market value of the Offering nor the fair market value of the consideration paid
pursuant to the Offering, insofar as it involves related parties, exceeds 25% of the Company’s market
capitalization.
ABOUT TRANS CANADA GOLD CORP. – GOLD & MINERAL EXPLORATION/OIL AND GAS
PRODUCTION/REVENUE PRODUCING OIL WELLS
The Company is a Canadian discovery focused Gold Exploration company focused on acquiring and
drilling advanced gold, silver and critical base metal mineral assets situated in Canada. The Company
identifies, acquires and finances with its working interest partners, and Oil & Gas Resource Development
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 m ining management and oil & gas 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 gold and strategic mineral and petroleum and natural gas resource
assets.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
www.transcanadagold.com
Mario Drolet
President
MI3 Communications Financieres Inc., Montreal Quebec
Tel: (514) 904-1333
Cell: (514) 340-3813
E-Mail: [email protected]
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.
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