Trans Canada Gold Provides Update on Non-Brokered Private Placement and Flow-through Private Placement for drilling at the Harrison Lake District Scale Gold Property Acquisition ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
March 23, 2026 TSX-V Trading Symbol: TTG
OTCQB Symbol: TTGXF
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Trans Canada Gold Provides Update on Non-Brokered Private Placement and
Flow-through Private Placement for drilling at the Harrison Lake District Scale
Gold Property Acquisition
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -TTGXF) (“Trans Canada ” or the
“Company”), announces an update respecting its Non-Brokered Private Placement of flow through and
non-flow through units previously announced on February 4, 2026 and February 23, 2026 (the “Offering
News Releases”), and its Option Agreement respecting the Harrison Lake Gold P roperty previously
announced on February 4, 2026.
PRIVATE PLACEMENT
The non-flow through portion of the private placement consists of 10,000,000 units (the “Units”) at a
price of CDN $0.15 per Unit to raise gross proceeds of up to CDN$ 1,500,000 (the “NFT Offering”). Each
Unit consists of one (1) common share and one (1) common share purchase warrant (an “NFT Warrant”).
Each NFT Warrant is exercisable at a price of $0.30 per share for a period of three (3) years from the date
of issuance. The flow through portion of the offering consists of 2 ,777,777 units (the “ FT Units”) at a
price of CDN $0.18 per FT Unit to raise gross proceeds of up to CDN$ 500,000 (the “FT Offering”). Each
FT Unit consists of one (1) common share and one half (1/2) of one common share purchase warrant (an
“FT Warrant”). Each FT Warrant is exercisable at a price of $0.30 per share for a period of two (2) years
from the date of issuance. Each flow-through share qualifies as a “flow-through share” for the purposes
of the Income Tax Act (Canada).
The Company has agreed to pay finder’s fee s in connection with the NFT Offering and the FT Offering
(collectively, the “Offering”) as set out in the Offering News Releases . All securities issued under the
Offering will be subject to a four month hold period from the date of issuance in accordance with
applicable securities laws. The Offering is subject to approval from the TSX Venture Exchange . Closing
of the Offering is expected to occur by early April 2026.
The Company intends to use the proceeds of the Offering for due diligence and other costs related to
the acquisition of the Harrison Lake Gold Pro perty located in Southwestern B ritish Columbia (the
“Property”) ($50,000), initial acquisition costs payable to Bear Mountain Gold Mines under the Option
Agreement respecting the Property ($50,000), year 1 exploration expenditures on the Property
($600,000), a reserve for future exploration and acquisition costs for the Property ($1,000,000) and
general working capital ($300,000).
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Year 1 expenditures on the Property are budgeted as follows: upgrading core logging facility ($25,000),
completing required underground rehab and drill site prep ($100,000), completing minimum 1,000
meters of underground drilling ($150,000), ATV trail and drill road upgrades ($50,000), completing
minimum 500 meters Hill Zone and Portal Zone ($75,000), equipment rentals and consumables
($50,000), drill program supervision, assaying and reporting ($50,000), contingency ($100,000).
Proceeds from the FT Offering will be used for eligible Canadian exploration expenditures (as defined in
the Income Tax Act (Canada) ) in connection with exploration activities on the Property . These
expenditures will be renounced for the 2026 tax year.
As disclosed in the Offering News Releases, Units and FT Units may be purchased by (a) investors who
held shares of the Company at the close of business on February 2nd, 2026 and who continue to hold
such common shares as of the closing date, pursuant to the prospectus exemption set out in BC
Instrument 45 -534 - Exemption From Prospectus Requirement for Certain Trades to Existing Security
Holders and in similar instruments in other jurisdictions in Canada, and (b) investors who receive advice
from an invest ment dealer and otherwise comply with BC Instrument 45 -536 - Exemption from
Prospectus Requirement for Certain Distributions Through an Investment Dealer . Details respecting
these exemptions are set out in the Offering News Releases.
OVER-ALLOTMENT OPTION
The NFT Offering and the FT Offering are subject to a 15% over -allotment option pursuant to which the
Company may sell an additional 1,500,000 Units for aggregate gross proceeds of up to an additional
$225,000, and an additional 416,667 FT Units for aggregate gross proceed of up to an additional $75,000.
PROPERTY ACQUISITION
As disclosed in its news release dated February 4, 2026, the Company entered into an arm’s length
Option Agreement on February 2 nd, 2026 to acquire a 60% interest in the Harrison Lake Gold Property
located near Harrison Lake in south -western British Columbia. The Option Agreement requires the
Company to pay $250,000 in cash to the vendor, incur $5,000,000 in exploration expenditures on the
Property and issue 10,000,000 shares of the Company to the vendor, all over a 5-year period. Details of
these annual commitments are set out in the Company’s news release dated February 4, 2026.
The Option Agreement is subject to TSX Venture Exchange approval and completion of a portion of the
Offering sufficient to cover exploration expenditures and cash option payments necessary to keep the
Option Agreement in good standing for one year. The Company’s interest in the Property will be subject
to a 2% net smelter return royalty (4% in the case of one of the 29 claims comprising the Property). Four
annual advance royalty payments of $200,000 ($800,000 aggregate) will be triggered by the completion
of a feasibility study or commencement of commercial production on the Property. Upon exercise of
the Option and earning of a 60% interest by the Company, further development of the Property will be
carried out under 2 separate joint ventures (each covering a separate area of the Property) between the
Company and the vendor.
The Company is in the process of clearing comments respecting the Option Agreement from the TSX
Venture Exchange and finalizing a first tranche closing of the Offering in an amount sufficient to cover
year one exploration expenditures and cash option payments under the Option Agreement ($600,000),
as well as working capital requirements for one year ($200,000). The Company anticipates addressing
TSXV comments and closing a portion of the Offering by early April.
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ABOUT TRANS CANADA GOLD CORP. – GOLD & MINERAL EXPLORATION /OIL AND GAS
PRODUCTION/REVENUE PRODUCING OIL WELLS
The Company is a Canadian discovery focused Gold Exploration company focused on acquiring and
drilling advanced gold, silver and critical base metal mineral assets situated in Canada . The Company
identifies, acquires and finances with its working interest partners, and Oil & Gas Resource Development
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 it s
working interest partners, the ongoing development of oil and gas assets, primarily situated in Alberta
Canada. The Company has qualified Senior exploration mining management and oil & gas 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
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 explorati on
drilling, and maximizing long term gold and strategic mineral 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
Mario Drolet
President
MI3 Communications Financieres Inc., Montreal Quebec
Tel: (514) 904-1333
Cell: 514) 340-3813
E-Mail: [email protected]
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.