Trans Canada GOLD Corp. Completes Its Sixth (6) Full Month of Successful Steady Oil Production FOR the Month of March, Shipping Another 6,287 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
April 8th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. COMPLETES ITS SIXTH (6) FULL MONTH OF SUCCESSFUL STEADY OIL
PRODUCTION FOR THE MONTH OF MARCH, SHIPPING ANOTHER 6,287 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 six th (6) full month of oil
production, trucking and oil sales to purchasers Altex, Flint Hills and Cenovus Energy Ltd . The
Lloydminster well has shipped 6,287 barrels (bbl) for the month of March, and produced at an average
daily rate of 202 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 39,776 bbl of
consistent steady oil production. Croverro Energy Ltd. is the Operator.
The Company recently 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 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 o il region of
Lloydminster, Alberta.
Commented Tim Coupland, “We have now successfully hit the sixth-month production milestone, six (6)
months of steady oil production. We look forward to drilling our second well in the early summer. With
global oil prices steadily increasing and the startup of the TMX pipeline, expected to start shipping in
May, oil prices are forecasted to remain high which should allow the Company to pursue additional
drilling opportunities.”
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:
T
im Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
www.transcanadagold.com
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