Trans Canada Gold Corp. announced that it has successfully placed the newly drilled well on production. The Company has successfully drilled and completed all seven (7) legs of the newly drilled multilateral well on the Company's heavy oil property situated near Lloydminster, Alberta.

The Company encountered oil in all of the target zones of interest and oil production rates will be released shortly. The Lloyd well is a 7- Leg Multilateral horizontal well that targeted oil in the Sparky oil formation. Total metres drilled in all wellbores on the multilateral well, was 2,675 meters of open hole in all 7 legs.

Under the terms of the agreement Croverro Energy Ltd. will be Operator. The Company has entered into a one-well Farmout Agreement with Croverro Energy Ltd., of Calgary, Alberta, 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 ("F armor"), will be carried for a 6.25% interest.

The multi-lateral horizontal well is based on similar wells drilled in the Sparky Oil Formation.