Trans Canada Gold Corp. announced that pre-setting of surface casing preparations have commenced and are currently underway on the project lands. The Company has recently received the project drill permits from the Alberta AER regulator and commenced surface pad preparation.

The Company is preparing to drill its multi-lateral well situated near Lloydminster, Alberta. 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, ("Croverro") 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 an 18.75% net working interest.

Croverro will be carried for a 6.25% interest. The multi-lateral horizontal well is based on similar wells drilled in the Sparky Oil Formation. The well is planned to have over 3,000 m of Sparky formation open for production.

The well is fully permitted and scheduled to be drilled mid- September.