Trans Canada GOLD Corp. Places the New Successfully Drilled Multilateral Horizontal Heavy Oil Well ON Production, 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
October 3rd, 2023 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. PLACES THE NEW SUCCESSFULLY DRILLED MULTILATERAL HORIZONTAL
HEAVY OIL WELL ON PRODUCTION, SITUATED NEAR LLOYDMINSTER, ALBERTA
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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 it has successfully placed the newly drilled well on production.
The Company has successfully drilled and completed all seven (7) 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 and oil production rates will be released shortly.
The Lloyd well is a 7- Leg Multilateral horizontal well that targeted oil in the Sparky oil formation. Total
metres drilled in all wellbores on the multilateral well, was 2675 meters of open hole in all 7 legs. Under
the terms of the agreement Croverro Energy Ltd. will be Operator.
The Company has entered into a one-well Farmout Agreement with Croverro Energy Ltd ., of Calgary,
Alberta, (“Croverro”) to drill a multi-lateral horizontal oil well. The well is in close proximity to
Lloydminster, Alberta. The lands for the well are currently controlled by Croverro. Under the terms of
the negotiated agreement, Trans Canada (Farmee) must pay 25% of Croverro’s share of the cost to drill,
complete and fully equip or abandon the well to earn a n 18.75% net working interest. Croverro
(“Farmor”), will be carried for a 6.25% interest. The multi-lateral horizontal well is based on similar wells
drilled in the Sparky Oil Formation.
Commented Tim Coupland, “ We will be releasing our daily production rates shortly, once rates have
been established and stabilized on our new well. The Croverro Team has demonstrated the proficiency
and 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 Canadian Gold and Mineral Exploration and Oil & Gas Resource
Development Company that is currently focused on developing its’ District Scal e Gold exploration
projects in Ontario, increasing its production capabilities, and obtaining 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, a time -
honored safe mineral exploration jurisdiction. The Company is permitting and developing a number of
District Scale gold mineral exploration property opportunities, and identifying low risk exploration
opportunities through selective acquisitions and development of mining exploration assets situated in
these favorable resource jurisdictions. The Company has qualified Senior exploration management and
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Geological Mining teams of professionals, seasoned in exploration production, field exploration and
drilling. The Company has the necessary manpower in place to develop its natural resource propertie s
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.