Trans Canada GOLD Corp. Completes Its Seventh (7) Full Month of Successful Steady Oil Production FOR the Month of April, Shipping Another 5,460 Barrels from Its Lloydminster Multilateral Horizontal Heavy Oil Well ____________________________________________________________________________________
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TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
May 7th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. COMPLETES ITS SEVENTH (7) FULL MONTH OF SUCCESSFUL STEADY OIL
PRODUCTION FOR THE MONTH OF APRIL, SHIPPING ANOTHER 5,460 BARRELS FROM ITS LLOYDMINSTER
MULTILATERAL HORIZONTAL HEAVY OIL WELL
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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 s eventh (7) full month of
oil production, trucking and oil sales to purchasers Altex, Flint Hills and Cenovus Energy Ltd . The
Lloydminster well has shipped 5,460 barrels (bbl) for the month of April , and produced at an average
daily rate of 18 2 bbl/d gross (34 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 6th, 2023 and the new well has now produced over 45,236 bbl of consistent
steady oil production. Croverro Energy Ltd. is the Operator.
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 (“Farmout”) dated
November 1, 2022. The strategic land and lease acquisition w ill allow the Company to prepar e 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.
Commented Tim Coupland, “We have now successfully produced over seven (7) months of steady oil
production. With the completion of the land acquisition, we now look forward to drilling our second
multilateral well in mid -summer 2024. With global oil prices steadily increasing and the TMX pipeline
now opened to start shipping oil, world oil prices are forecasted to remain high which will allow the
Company to pursue additional drilling opportunities and new acquisitions.”
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
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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
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.