Trans Canada GOLD Corp. Completes TWO Strategic Land and Lease Acquistions Pursuant to an Area of Mutual Interest, Adjacent to Its Successfully 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 20th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
______________________________________________________________________________________
TRANS CANADA GOLD CORP. COMPLETES TWO STRATEGIC LAND AND LEASE ACQUISTIONS PURSUANT
TO AN AREA OF MUTUAL INTEREST, ADJACENT TO ITS SUCCESSFULLY DRILLED MULTILATERAL
HORIZONTAL HEAVY OIL WELL, SITUATED NEAR LLOYDMINSTER, ALBERTA
____________________________________________________________________________________
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 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 quickly start preparing for permitting and drilling of a second Multi -Lateral Horizontal Oil
Well in the prolific heavy oil region of Lloydminster, Alberta.
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.
Trans Canada has been reviewing a number of additional land and drilling opportunities under the 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. The
Company continues to explore additional exploration drilling opportunities in Canada and the United
States.
Commented Tim Coupland, “ We have now hitting our fifth month of successful oil production and are
consistently meeting our new revenue milestones, and we are excited to be acquiring additional lands
and leases for the additional drilling of another Multi -lateral Oil Well. The new Multi-Lateral drilling
opportunity is expected to significantly bolster our daily oil production, and enhance our newly increased
production revenues. 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
2
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
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.