Trans Canada GOLD Corp. to Sell Its 18.75 % Petroleum and Natural Gas Rights and Interest IN the Non-Performing 8-23-049-1 W4M Gp Well Only, and the Gp Petroleum Zone Rights Within the Ami to Its Working Interest Partners
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
April 30th, 2025 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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TRANS CANADA GOLD CORP. TO SELL ITS 18.75 % PETROLEUM AND NATURAL GAS RIGHTS AND INTEREST
IN THE NON-PERFORMING 8-23-049-1 W4M GP WELL ONLY, AND THE GP PETROLEUM ZONE RIGHTS
WITHIN THE AMI TO ITS WORKING INTEREST PARTNERS
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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 the Company has agreed to sell to its working interest partners
it’s 18.75% interest in the recently drilled, non- performing 8-23-049-1 W4M General Petroleum (GP)
zone well including all surface and downhole equipment, and GP Petroleum rights within the Area of
Mutual Interest (AMI) for $100,000 CDN.
Under the terms of the agreement Trans Canada agree to sell its 18.75% interest in the 8-23-049-1 W4M
Well and its drilling rights to its working interest partners in the GP Zone only, for the sum of $100,000
CDN, with $75,000 payable immediately and a bonus based on cumulative production of 45,000 barrels
of oil for a total price of $100,000 (Purchase Price). The Company has an 18.75% working interest in the
Joint Venture with Croverro. The Area of Mutual Interest currently contains 1040 acres with potential
in the Sparky and GP zones. The Company has chosen to strategically focus on the prolific Sparky zone
when drilling , to allow for greater operational efficiency by de -risking, uneconomic non- performing
assets, lower operational costs, and utilizing current cashflow which will allow no further dilution to
shareholders, with a commitment oil production success.
Commented Tim Coupland, “We are expecting continued drilling success with the new 5-23 Multilateral
Well targeting the Sparky Zone slated for July , and additional increased oil production for 2025 with
Croverro. We continue to focus on continued drilling success in the Sparky Zone, while navigating the
increased market volatility and expected lower energy prices in the oil and gas energy sector. The
Company remains extremely mindful of the current uncertainty within energy sector including tariff
pricing pressures and the Canadian election results, which may influence energy policy direction .” The
Company continues exploring additional exploration drilling opportunities , despite industry and capital
market challenges in both central Canada and the United States. The Company continues with advanced
multilateral drilling techniques strategy for 2025- 2026 to d eliver long term value and production
stability.
DRILLING TO COMMENCE SUMMER 2025 MULTILATERAL WELL-TARGETING SPARKY FORMATION
The Company has agreed to participate to drill a 7 leg Sparky multi-lateral well with Croverro as operator
for the Joint Venture. The newly proposed 5 -23 well will be situated adjacent to the Company’s 12 -14
Multilateral Well, near Lloydminster, Alberta. Trans Canada has a 18.75% interest in the new well. This
third multi-lateral horizontal well is expected to be similar to the company’s successful 7HZ LLOYD 12 -
2
14-49-01W4 well, that was drilled in 2023 and encountered 2486 metres of oil pay in the Sparky Oil
Formation. The 12-14 Sparky well has now produced over 85,000 barrels of oil and continues to produce
consistently month over month. The new 5 -23 well is planned to open an estimated 3000 m of Sparky
formation. The well is scheduled to be drilled this summer/ third quarter of 2025, subject to final
permitting by the Alberta Energy Regulator.
The company now has an 18.75% working interest in the Joint Venture with Croverro. The Area of
Mutual Interest now contains 1040 acres with potential in the Sparky Zone only. This third multi-lateral
horizontal well is based on similar wells drilled in the Sparky Oil Formation using surrounding well control
and recently processed seismic lines. Croverro Energy Ltd., under the terms of the agreement, is the
Operator.
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 Com pany 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.