Trans Canada GOLD Corp. Appoints Mr. Christian Timmins as New Director to Assist with Oil Production, Revenue Growth and Future Drilling of New Multilateral Oil Wells ______________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
May 15th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
________________________________________________________________________________
TRANS CANADA GOLD CORP. APPOINTS MR. CHRISTIAN TIMMINS AS NEW DIRECTOR TO ASSIST
WITH OIL PRODUCTION, REVENUE GROWTH AND FUTURE DRILLING OF NEW MULTILATERAL OIL
WELLS
______________________________________________________________________________
VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB-RCTRF) (“Trans Canada” or the
“Company”), is pleased to announce the strategic appointment of Mr. Christian Timmins to the
Company’s board of directors. Mr. Timmins is an experienced and seasoned oil and gas professional,
with over 20 years of hands-on field experience in oil and gas drilling and exploration. Mr. Timmins
is experienced in oil and gas operations management, project planning, drilling, oil field servicing,
well maintenance and has worked and collaborated with many oil companies such as Tourmaline
Oil, FMC (previously Pure Energy Services) and IPS Canada, and will be instrumental in the
Company’s future growth. In addition to the appointment, Christian will also provide guidance and
assist with financial web hosted market communications platforms , assist with new advanced
communication initiatives which include advanced on-line branding and awareness, introductions
to a wider variety of No rth American oil and gas retail investors and institutional brokers, capital
market participants located in the Canadian, United States and world global capital markets.
Commented Christian Timmins, “I am honored to join the Trans Canada team and contribute to its
mission of responsible growth and success in the oil and gas industry. With my extensive oilfield
experience and network, I am eager to collaborate with the boar d to drive production revenue,
optimize operational efficiency, and explore new drilling and acquisition opportunities that
currently exist for growth. The momentum we are building with the successful drilling of the new
generation of multilateral wells, which are considered an evolution in drilling in Canada and which
allow access to more of the oil reservoir, and the upcoming plans to drill a second multilateral well
in July, speaks volumes of the pending revenue and production growth.”
Commented Tim Coupland, “We would like to welcome Chris tian, with his vast oilfield experience
and contacts , to our Trans Canada oil and gas team a s a new director, and we look forward to
Christian assisting the board in incrementally growing our production revenue and increasing our
daily production barrels while minimizing operational costs, through drilling of multilateral wells
and reviewing additional exploration acquisitions for 2024. The Company is now enjoying steady
increased monthly revenues, and has now successfully produced over eight (8) months of steady oil
production with its first large multilateral well situated near Lloydminster, Alberta. With the
completion of the latest land acquisition, we now look forward to drilli ng our second multilateral
well in mid -summer 2024. With global oil prices steadily increasing and the TMX pipeline now
opened and shipping oil, world oil prices are forecasted to remain high , which will allow the
Company to pursue additional drilling opportunities and new acquisitions.”
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In connection with his appointment, the Company has granted Mr. Timmins incentive stock options
to purchase up to an aggregate of 250,000 common shares of the Company at a price of $0.05 per
share exercisable until May 15 th, 2029. Further to its news release dated April 23, 202 4, the
Company has cancelled 450,000 of the options announced in that news release. A total of 2,550,000
options remain in effect, with an exercise price of $0.05 and an expiry date of April 23, 2029.
DRILLING SECOND MULTILATERAL WELL- MID JULY
The Company has successfully completed the purchase of two strategic land and lease acquisitions
pursuant to an AMI (“Area of Mutual Interest”) in the Croverro Farmout Agreement dated
November 1, 2022. The strategic land and lease acquisition will allow t he Company to prepare for
permitting, lease survey preparations and drilling of a second Multi- Lateral Horizontal Oil Well in
the prolific heavy oil region south of Lloydminster, Alberta in mid-July.
The Company continues to explore additional exploration drilling opportunities in Canada and the
United States.
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
Mining 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 Co mpany is
committed to minimizing risk 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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release.