Trans Canada Gold Corp.

Ninth Month of Steady Oil Production: Trans Canada Gold Corp. has successfully completed its ninth consecutive month of steady oil production as of June 2024

Successful Drilling and Production: In October 2023, the Company drilled and completed its first multilateral well, discovering oil throughout the 2675 meters of the Sparky formation.

Land Acquisitions and Future Drilling Plans: Trans Canada Gold has strengthened its land holdings with strategic acquisitions under an Area of Mutual Interest agreement. The company is preparing to drill a new multilateral well this summer, which is expected to reach over 3000 meters of oil reservoir in the General Petroleum sand, as it continues to seek partnerships with senior oil and gas companies to expand its drilling inventory.

Lloydminster Well Performance:

• Shipped 6,203 barrels (bbl) of oil for the month of May.
• Average daily production rate: 185 bbl/d gross (37.5 bbl/d net) to the Company.
• Represents an 18.75% working interest ownership.

Production Milestone:

• Production shipping and sales commenced on October 6th, 2023.
• The 7HZ well has produced over 51,439 bbl of oil.
• Exceeded the 50,000-barrel production benchmark.

Upcoming Drilling Plans:

• New multilateral well drill is expected to contact over 3,000 meters of oil reservoir in the General Petroleum sand.
• Spud date to be announced once final permitting is received from the Alberta Energy Regulator ("AER").

Preparation for Second Multilateral Well:

• The Company is preparing to drill its second multilateral well in mid-July.
• This follows the successful drilling and completion of the first seven-leg multilateral well, the Croverro 7HZ Well, in October 2023.

Successful First Well:

• The Croverro 7HZ Well encountered oil throughout the entire 2,675 meters of lateral oil pay in the Sparky formation.
• Since its completion, it has produced over 45,236 barrels of consistent oil production.