Trans Canada GOLD Corp. Completes Its Fourth Full Month of Successful Oil Production FOR the Month of January 2024, ON 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
February 2nd, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. COMPLETES ITS FOURTH FULL MONTH OF SUCCESSFUL OIL PRODUCTION
FOR THE MONTH OF JANUARY 2024, ON 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 now completed its fourth full month of oil
production for the month of January 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd.
The Company will release the January numbers in the coming days , once finalized. The Company
successfully drilled and completed all seven (7) legs of the newly drilled multilateral well, on the
Company’s heavy oil property situated near Lloydminster, Alberta. The Company encountered oil in all
of the target zones of interest and October oil production rates will be released shortly. The Lloyd well
is a 7- Leg Multilateral horizontal oil well that targeted oil in the Sparky oil formation. The total meters
drilled in all wellbores on the multilateral well, was 2675 meters, of open hole in all 7 legs. Croverro
Energy Ltd. under the terms of the agreement will be Operator.
Trans Canada is currently reviewing a number of additional land and drilling opportunities for 2024,
under an Area of Mutual Interest (AMI). 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.
Commented Tim Coupland, “We have now hit the four-month production milestone, and are excited to
be soon releasing our January daily oil production rates shortly, once the final oil production numbers
have been finalized with Croverro and confirmed by Altex and Cenovus Energy Energy Ltd.” The Croverro
Team, has 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.
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
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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.