Trans Canada GOLD Corp. Completes Its Fourth Full Month of Successful Steady Oil Production FOR the Month of January, Shipping Another 6,445 Barrels, 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 7th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. COMPLETES ITS FOURTH FULL MONTH OF SUCCESSFUL STEADY OIL
PRODUCTION FOR THE MONTH OF JANUARY, SHIPPING ANOTHER 6,445 BARRELS, 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 the results of the fourth full month of January
oil production, trucking and oil sales to Altex, Flint Hills and Cenovus Energy Ltd. The Lloydminster well
has shipped over 6,445 barrels (bbl) for the calendar month of January, and produced at an average daily
rate of 208 bbl/d gross (39 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 2 7,713 bbl of consistent steady oil
production to date. The Company successfully drilled and completed all seven (7) legs in the Sparky oil
formation. The total meters drilled in all wellbores on the multilateral well was 2675 meters of open
hole.
Commented Tim Coupland, “We are pleased to have now successfully completed 4 full calendar months
(120 Days) of steady oil production, sales and revenue, since drilling our new Multi-Lateral well, and now
highlighted by having produced over 27,713 bbl, of consistent steady oil production, and successfully
shipping our oil sales to Altex, Flint Hills, and Cenovus Energy, situated in Lloydminster, Alberta,
averaging 207 bbls/day 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. 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.
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
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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.