Trans Canada Gold Corp. announced that the Company has now completed its ninth full month of robust steady oil production for the month of June 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Company will release the June numbers in the coming days, once finalized. In October 2023, the Company successfully drilled and completed seven multi-lateral legs of the Company's first multilateral well.

The Company encountered oil throughout the entire 2675 meters of lateral oil pay in the Sparky formation. Since drilling inception, the Croverro 7HZ Well has now produced over 50,000 barrels of consistent steady oil production. Croverro Energy Ltd. under the terms of the agreement is the Operator.

The Company has strengthened its land position, and completed the purchase of two vital strategic land and lease acquisitions pursuant to an AMI ("Area of Mutual Interest") in a Farmout Agreement ("Farmout") dated November 1, 2022. The Operator has secured a surface lease and is permitting a multilateral well for summer start for drilling. This new multilateral well is expected to contact over 3,000 meters of oil reservoir in the General Petroleum sand.