Trans Canada GOLD Corp. Starts Equipping and Prepares FOR the Completion of the New Successfully Drilled 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 27TH, 2023 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. STARTS EQUIPPING AND PREPARES FOR THE COMPLETION OF THE NEW
SUCCESSFULLY DRILLED MULTILATERAL HORIZONTAL HEAVY OIL WELL, 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 started equipping and preparing for the completion of
the newly drilled well. The well is expected to be on production by September 30, 2023. 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. After initial well testing, the well will be placed on full oil production by
the end of September. Once the well has been completed , fully equipped, and flow tested, 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 is a 7- Leg Multilateral
horizontal oil 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. Croverro Energy Ltd. under the terms of
the agreement will be Operator.
The Company has entered into a one-well Farmout Agreement with Croverro Energy Ltd ., of Calgary,
Alberta, (“Crover ro”) 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, “Warm, sunny September weather has allowed us to move quickly and start
equipping, completing and flow testing oil on our new well. Our timing and market conditions and
current oil pricing will optimize any benefits in the near and long term, and we are excited to be
completing the Company’s first successful large multi-leg Multi-Lateral 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.”
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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 Scale 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
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 properties
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.