Trans Canada GOLD Corp. Completes Its Fifth Full Month of Successful Steady Oil Production FOR the Month of February, Shipping Another 5,776 Barrels, from Its Newly Drilled 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
March 11th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. COMPLETES ITS FIFTH FULL MONTH OF SUCCESSFUL STEADY OIL
PRODUCTION FOR THE MONTH OF FEBRUARY, SHIPPING ANOTHER 5,776 BARRELS, FROM ITS NEWLY
DRILLED 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 the Company has the results of the fifth full month of oil
production, trucking and oil sales to Altex, Flint Hills and Cenovus Energy Ltd. The Lloydminster well has
shipped over 5,776 barrels (bbl) for the short calendar month of February, and produced at an average
daily rate of 199 bbl/d gross (38 bbl/d net) to the Company since being placed on production,
representing its 18.75% working interest ownership. Production, shipping and sales commenced on the
newly drilled well, on October 6 th, 2023 and the new well, has now produced over 33,489 bbl of
consistent steady oil production, to date. The Company in October successfully drilled and completed
seven (7) multi-lateral legs. The Company encountered oil throughout the entire 2675 meters of lateral
oil pay in the Sparky formation. Croverro Energy Ltd. under the terms of the agreement will be Operator.
Commented Tim Coupland, “We are pleased to have now successfully completed 5 full calendar months
150 Days) of steady oil production, sales and revenue, since drilling our new Multi-Lateral well, and now
highlighted by having produced over 33,489 bbl, of steady oil production, and successfully shipping our
oil sales to Altex, Flint Hills, and Cenovus Energy, situated in Lloydminster, Alberta, averaging 41 bbls/day
production for the 5 -month period”. 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.”
The Company recently completed the purchase of two strategic land and lease acquisitions pursuant to
an AMI (“Area of Mutual Interest”) in a Farmout Agreement (“Farmout”) dated November 1, 2022. The
strategic land and lease acquisition will now allow the Company to quickly start preparing for permitting
and drilling of a second Multi-Lateral Horizontal Oil Well in the prolific heavy oil region of Lloydminster,
Alberta.
Trans Canada has been reviewing a number of additional land and drilling opportunities under the AMI.
The Company continues to explore additional exploration drilling opportunities in Canada and the United
States.
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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 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 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.