Trans Canada GOLD Corp. Completes Its Seventh Full Month of Steady Oil Production FOR the Month of April 2024, ON Its Lloydminster Multilateral Horizontal Heavy Oil Well ____________________________________________________________________________________
{00042978:1}
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
May 3rd, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
______________________________________________________________________________________
TRANS CANADA GOLD CORP. COMPLETES ITS SEVENTH FULL MONTH OF STEADY OIL PRODUCTION FOR
THE MONTH OF APRIL 2024, ON ITS LLOYDMINSTER MULTILATERAL HORIZONTAL HEAVY OIL WELL
____________________________________________________________________________________
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 seventh full month of
steady oil production for the month of April 2024, with trucking and oil sales to Altex , Flint Hills and
Cenovus Energy Ltd. The Company will release the April numbers in the coming days, once finalized. In
October 2023, the Company successfully drilled and completed seven (7) multi-lateral legs of our first
multilateral well. 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 is the Operator.
The Company has 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 prepare for permitting, lease survey
preparations, and drilling of a second Multi-Lateral Horizontal Oil Well in the prolific heavy oil region of
Lloydminster, Alberta.
Commented Tim Coupland, “ We have now hit the seven-months of steady oil production, and are
excited to be soon releasing our April production rates, once the final oil production numbers have been
finalized with Croverro, and confirmed by Altex , Flint Hills and Cenovus Energy Energy Ltd. With the
completion of the land acquisition, we now look forward to drilling our second multilateral well in mid-
summer. With global oil prices steadily improving and the expected startup of the TMX pipeline in May,
oil prices are forecasted to remain high which should allow the Company to pursue additional drilling
opportunities and acquisitions.”
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
{00042978:1}
2
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.