Trans Canada GOLD Corp. Announces October Oil Production, Shipping over 6,939 Barrels, ON Its Successfully Drilled Multilateral Horizontal Heavy Oil Well ON Production, 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
December 8th, 2023 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. ANNOUNCES OCTOBER OIL PRODUCTION, SHIPPING OVER 6,939 BARRELS,
ON ITS SUCCESSFULLY DRILLED MULTILATERAL HORIZONTAL HEAVY OIL WELL ON PRODUCTION,
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 the results of the first full month of October
oil production, trucking and oil sales to Cenovus Energy Ltd, with the following results. The Lloydminster
well has shipped over 6,939 bbls, and produced at an average rate of 224 bbls/d gross (41 bbls/d net) to
the Company since being placed on production in early October, representing its 18.75% working
interest ownership. Shipping commenced on October 6th and reflects 3 weeks of actual production, and
not a full calendar month . The Company successfully drilled and completed all seven (7) legs in the
Sparky oil formation. The total metres drilled in all wellbores on the multilateral well, was 2675 meters,
of open hole.
Commented Tim Coupland, “ We are pleased to have successfully completed drilling on budget, and
produced 6,940 bbls, shipped our oil successfully to Cenovus, for 224 bbls/day production in our first full
month of oil production. The Operator has consistently demonstrated superior technical proficiency,
production efficiency and cost management efficiency, expected of an experienced oil and gas technical
team that has consistent, proven oil production success with multi-lateral wells currently under their
supervision and operation.”
Trans Canada is currently reviewing additional drilling opportunities under an Area of Mutual Interest
(AMI) with Croverro. Any additional wells under the AMI, if the company elects to participate, will be
drilled on a non-promoted basis with Trans Canada paying 18.75% to earn 18.75%. Croverro may present
additional drilling opportunities to Trans Canada, as the opportunities are developed and lands/minerals
are obtained throughout the greater Lloydminster region of Alberta.
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ABOUT TRANS CANADA GOLD CORP. – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company
that is currently focused on developing its’ production of conventional heavy oil exploration
opportunities, increasing production capabilities and increasing potential future oil production revenues.
The Company identifies, acquires and finances the acquisition of gold exploration properties and the
ongoing development of mining and oil and gas assets primarily situated in Canada. The Company is
currently permitting and developing its Pickle Lake gold exploration property. The Company has qualified
Senior exploration management and Geological Minin g 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 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 ris k through selective property acquisitions, and
responsible exploration and development of mining, and 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
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.