Trans Canada GOLD Corp. Begins Pre-Setting Surface Casing Preparing to Begin Drilling Its Multilateral Horizontal Heavy Oil Well 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
Sept 15th, 2023 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. BEGINS PRE-SETTING SURFACE CASING PREPARING TO BEGIN DRILLING ITS
MULTILATERAL HORIZONTAL HEAVY OIL WELL 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 pre-setting of surface casing preparations have commenced
and are currently underway on the project lands. The Company has recently received the project drill
permits from the Alberta AER regulator and commenced surface pad preparation. The Company is
preparing to drill its multi- lateral well situated near Lloydminster, Alberta. Croverro Energy Ltd. under
the terms of the agreement will be Operator.
The Company has entered into a one-well Farmout Agreement with Croverro Energy Ltd . of Calgary,
Alberta, (“Crover ro”) to drill a multi-lateral horizontal oil well. The well is in close proximity to
Lloydminster, Alberta. The lands for the well are currently controlled by Croverro. Under the terms of
the negotiated agreement, Trans Canada (Farmee) must pay 25% of Croverro’s share of the cost to drill,
complete and fully equip or abandon the well to earn a n 18.75% net working interest. Croverro
(“Farmor”), will be carried for a 6.25% interest. The multi-lateral horizontal well is based on similar wells
drilled in the Sparky Oil Formation. The well is planned to have over 3000 m of Sparky formation open
for production. The well is fully permitted and scheduled to be drilled mid- September.
Commented Tim Coupland, “ We are moving quickly now, and expect to be drilling our multi-lateral oil
well with Croverro Energy Ltd. shortly. We are excited to be working with an experienced oil and gas
technical team that has proven oil production success with multi-lateral wells currently under their
supervision and operation.”
ABOUT TRANS CANADA GOLD CORP. – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a discovery focused Canadian Gold and Mineral Exploration and Oil & Gas Resource
Development Company that is currently focused on developing its’ District Scale Gold exploration
projects in Ontario, increasing its production capabilities, and obtaining 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, a time -
honored safe mineral exploration jurisdiction. The Company is permitting and developing a number of
District Scale gold mineral exploration property opportunities, and identifying low risk exploration
opportunities through selective acquisitions and development of mining exploration assets situated in
these favorable resource jurisdictions. The Company has qualified Senior exploration management and
Geological Mining teams of professionals, seasoned in exploration production, field exploration and
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drilling. 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 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.