Trans Canada GOLD Corp. Acquires Additional Lands from Canpar Freehold Royalties and Rife Resources, Which Will Allow FOR Drilling up to Four (4) Additional New Multilateral Wells Situated Near Lloydminster, Alberta ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
July 30th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. ACQUIRES ADDITIONAL LANDS FROM CANPAR FREEHOLD ROYALTIES AND
RIFE RESOURCES, WHICH WILL ALLOW FOR DRILLING UP TO FOUR (4) ADDITIONAL NEW MULTILATERAL
WELLS SITUATED NEAR LLOYDMINSTER, ALBERTA
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX -V: TTG , OTCQB -RCTRF) (“Trans Canada” or the
“Company”), is pleased to announce that the Company has acquired additional lands inside the AMI
which will allow the drilling of up to 4 additional multilateral wells. The 320 -acre parcel offset our
existing lands to the north were acquired from Canpar (CN Pension Fund), Freehold Royalties and Rife
Resources. The newly acquired lands, together 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 640 acres. The company 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 , when drilling the horizontal
wells in the oil resource reservoirs.
Commented Tim Coupland, “ This is exciting news for the Company, which will allow for drilling up to
four (4) more additional multilateral wells targeting the prolific Sparky and GP producing zones. We are
excited to be drilling our second large m ulti-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.”
“The recent acquisition of a 320 -acre parcel from Canpar, Freehold Royalties, and Rife Resources
significantly expands our land holdings to 640 acres, strengthening our position in the oil-rich Sparky and
General Petroleum (GP) zones ," commented Director Chris Timmins. “ Our partner and operator,
Croverro Energy, has processed additional seismic lines, enabling us to target these oil reservoirs
precisely and optimize drilling outcomes. This strategic approach, along with our expanded drilling
inventory, underscores our commitment to growth and positions Tr ans Canada Gold for significant
production and revenue increases.”
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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 expl oration 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 Com pany 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: (604) 681-3131
www.transcanadagold.com
or
Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.