Trans Canada GOLD Corp. Signs an Additional Strategic Land Lease and Strengthens Its Current Land/ Lease Position While Preparing to Drill Its Second Multilateral Well ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
July 8th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. SIGNS AN ADDITIONAL STRATEGIC LAND LEASE AND STRENGTHENS ITS
CURRENT LAND/ LEASE POSITION WHILE PREPARING TO DRILL ITS SECOND MULTILATERAL WELL
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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 the Company has strengthened its land position, and signed
an additional lease agreement to complement a recently 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 Operator has completed, signed and secured a strategic
surface lease and is now permitting its new multilateral well for a summer start for drilling. This new
multilateral well is expected to contact over 3000 meters of oil reservoir in the General Petroleum sand.
Commented, President & CEO Tim Coupland, “With the signing of the most recent lease agreement, and
with the completion of the land acquisition pursuant to an AMI, drilling pre-planning, pre-purchasing of
drilling equipment such as drill casing, pipe, tanks , is in full progress, and we expect drilling to be right
on schedule for mid/late summer. With global oil prices remaining high, and the new Canadian TMX
pipeline now fully operational, oil prices are forecasted to remain steady, this will in turn will allow the
Company to pursue additional multilateral drilling opportunities and new property acquisitions.”
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 C ompany 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.
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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.