Trans Canada GOLD Corp. Has Successfully Drilled and Encountered Oil ON Its Target Zone of Interest ON Its Second 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
Sept 4TH, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. HAS SUCCESSFULLY DRILLED AND ENCOUNTERED OIL ON ITS TARGET ZONE
OF INTEREST ON ITS SECOND MULTILATERAL HORIZONTAL HEAVY OIL WELL, SITUATED NEAR
LLOYDMINSTER, ALBERTA
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -TTGXF) (“Trans Canada” or the
“Company”), is pleased to announce that it has successfully drilled and completed all legs of the newly
drilled multilateral well, on the Company’s heavy oil property situated near Lloydminster, Alberta. The
Company encountered oil in all of the target zones of interest in the GP sands . The well is expected to
be placed on full oil production shortly, and once the well has been completed and fully equipped, oil
production rates will be released. The Company has received all required drill permits from the Alberta
AER Regulator, and has completed all surface drilling operations . The Lloyd well was completed as
planned, and on budget targeting oil pay in the GP sands. Croverro Energy Ltd. under the terms of the
agreement will be Operator.
The Company has acquired additional lands inside the Area of Mutual Interest (“AMI”), which will allow
additional opportunity for multilateral wells. The lands are contiguous with our existing lands. The newly
acquired lands, together combined with our e xisting lands have the oil resource potential in both the
Sparky and GP producing zones.
Commented Tim Coupland, “ “Both weather and drilling conditions were ideal during the month of
August, and we are excited to be completing and equipping our second successful multi-leg Multi-Lateral
well, and look forward to the additional drilling opportunities that may be available in the immediate
area.”
The Company continues to explore additional exploration drilling opportunities in Canada and the United
States.
ABOUT TRANS CANADA GOLD CORP. – OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company
that is currently focused on developing and drilling its’ production of conventional heavy oil exploration
properties, increasing production capabilities, and increasing future oil production revenues through
responsible exploration. The Company identifies, acquires and finances with its working interest
partners, the ongoing development of oil and gas assets primarily situated in Alberta Canada. The
Company has qualified Senior exploration management and Geological 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
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that has proven oil production, and revenue 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 drilling, and maximizing long term
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
or
Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.