Trans Canada GOLD Corp. Places the Second New Successfully Drilled Multilateral 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
September 17th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. PLACES THE SECOND NEW SUCCESSFULLY DRILLED MULTILATERAL HEAVY
OIL WELL ON PRODUCTION, 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 placed the second newly drilled multilateral
well on production. The second Multilateral well was just successfully drilled in August and September
and all legs were successfully drilled in in the GP reservoir. The Operator has finished battery
construction and successfully completed the well. The well started production on September 7th and is
currently recovering drilling fluid with increased oil recovery percentage. The Company encountered oil
in the GP reservoir target zones of interest and oil production rates will be released shortly once
production has stabilized. The Company has an 18.75% interest in the well and Area of Mutual Interest
(AMI). Croverro Energy Ltd. under the terms of the agreement is the 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, President & CEO Tim Coupland, “We have now successfully drilled our second Multilateral
well, showcasing both drilling and production expertise in both the Sparky and GP reservoir sands in
Lloydminster area. We will be releasing the new wells daily production rates shortly, once the rates have
been established and stabilized. The Croverro Team, has again demonstrated proficiency and efficiency,
of an experienced oil and gas technical team that has consistent, proven oil production success with
multi-lateral wells under their supervision and operation.”
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
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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, 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.