Trans Canada GOLD Corp. Releases the 2024 Reserves Report ON Both the 13-14 7HZ Lloyd Well, and the 15-14 Lloyd Well, Prepared BY Petrotech and Associates, Highlighting Reserves/Revenue from Its TWO Newly Drilled Oil Wells/Multi-Lateral Oil Well Program
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
November 13th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. RELEASES THE 2024 RESERVES REPORT ON BOTH THE 13-14 7HZ LLOYD
WELL, AND THE 15-14 LLOYD WELL, PREPARED BY PETROTECH AND ASSOCIATES, HIGHLIGHTING
RESERVES/REVENUE FROM ITS TWO NEWLY DRILLED OIL WELLS/MULTI-LATERAL OIL WELL PROGRAM
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -TTGXF) (“Trans Canada” or the
“Company”), is pleased to release the Company’s 2024 Independent Reserves report on its two newly
drilled and producing 13-14-049-01W4 well and the undeveloped well location 15-14-049-01W4 (the
“Wells”) from its reserves evaluator. The preliminary report was completed by Petrotech & Associates,
an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance
with the Canadian Oil and Gas Evaluation Handbook (COGE Handbook) and National Instrument 51-101
Standards of Disclosure for Oil and Gas Activities (NI 51-101). The reserves evaluation was conducted
using the Sproule June 30 , 202 4 price forecast for heavy crude oil (12 ° API) at www.sproule.com,
adjusted for location and quality.
The disclosures contained in this reserves report represent information compiled, related to the
Company’s reserves, future net revenue, and discounted value of future net revenue, and discounted
value of future net cash flows as of June 30, 2024.
NI 51-101 CRUDE OIL RESERVES REPORT ON THE 13-14 and 15-14 LLOYDMINSTER MULTILATERAL WELLS
Heavy Crude Oil
Reserves
(@ June 30, 2024)
100%
Heavy Crude Oil
Mbbl
Company Gross(1)
Heavy Crude Oil
Mbbl
Company Net(2)
Heavy Crude Oil
Mbbl
0% NPV
MM$
10% NPV
MM$
20% NPV
MM$
Proved Developed
Producing 306.5 57.5 52.5 3,107.1 2,249.1 1,753.4
Total Proved 504.6 94.6 87.8 4,879.8 3,497.3 2,675.3
Probable 74.8 14.0 11.6 729.9 397.7 248.9
Total Proved plus
Probable 579.4 108.6 99.4 5,607.6 3,895.1 2,924.2
• (1) “Gross Reserves” are the Company’s working interest reserves before the deduction of royalties.
• (2) “Net Reserves” are the Company’s working interest reserves after deductions of royalty obligations,
plus the Company’s royalty interests.
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Commented Tim Coupland, “The June 30, 2024 year end NI 51- 101 Reserve report is indicating a very
long life, for our two- revenue producing multilateral wells drilled this year. These wells, drilled under
our newly adopted Multi-lateral well drilling strategy, are providing new revenues for the Company, and
providing much needed additional capital, to deploy future drilling opportunities and land acquisitions
in 2025. Our production increases combined with recent land and lease acquisitions, and multilateral
drilling success , strengthen our newly adopted strategic business model , drilling and developing
multilateral wells . The Company currently has a potential 18.75% working interest opportunity to
participate in drilling 2 or 3 additional multilateral wells in 2025 with Croverro, subject to permitting .
The new U.S. Election results have now produced, a more energy friendly environment , south of the
border, the Trans Mountain Pipeline expansion has brought an end to transportation bottlenecks for
years which has prevented the Canadian oil industry’s ability to grow, and assisted in a new ability to
ship more barrels out of Western Canada’s oil producing region . This industry success, will in turn will
allow the Company to actively pursue and finance additional drilling opportunities and pursue new
Canadian oil and gas drilling opportunities and acquisitions both domestically and abroad in 2025.”
The Company continues to explore additional exploration drilling opportunities in Canada and the United
States, and abroad.
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 ex perienced 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.