Trillion Energy Announces filing of Year-Ended December 31, 2025 Financial Statements

Rhea-AI Summary

Trillion Energy (OTCQB: TRLEF) filed its audited 2025 financial statements, MD&A and annual report on SEDAR+. The company also applied for revocation of its May 1, 2026 management cease trade order.

The delay related to a strategic pivot, asset write-downs and a new reserves reporter for its onshore oil focus.

Trillion highlights a 29% earn-in interest in Türkiye’s M47c,d block, holding a 2C contingent resource of 27.6 MMbbl (24,186 MSTB net), with an unrisked NPV-10 of US$733.5 million and risked value of US$594.2 million, plus US$15 million in two-year funding commitments.

Positive

• Annual 2025 audited financial statements and MD&A successfully filed
• Application submitted to revoke May 1, 2026 management cease trade order
• 29% earn-in interest in M47c,d block with 2C resource of 27.6 MMbbl
• Risked NPV-10 of US$594.2 million net to Trillion’s 29% interest
• Unrisked resource potential of 51.6 MMbbl net across three prospects
• Approximately US$15 million in two-year funding commitments secured

Negative

• Write-down of historical assets that were disposed of earlier in 2026
• Previous filing delay resulted in a management cease trade order on May 1, 2026

News Market Reaction – TRLEF

-1.17%

-1.17% Session close to close

In the May 27 session, TRLEF declined 1.17%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") today announces that it has filed its annual audited financial statements, MDA and annual report for the year ended December 31, 2025 on SEDAR+ at www.sedarplus.ca and has submitted for applied for revocation of its MCTO.

Additional time was required in connection with the Company's strategic pivot, write down of historical assets (which were disposed of earlier this year) and engagement of a new independent reserves reporter -all in connection with the Company's pivot to onshore oil exploration.

Trillion is focused on advancing the M47c,d Block in southeastern Türkiye, in which a light conventional oil discovery was made during 2025 as described in the Company's April 14^th and 16^th press releases.

Project Highlights

• 29% earn-in interest in block M47c,d

• 2C Contingent Resource of 27.6 MMbbl (24,186 MSTB net) on the North Discovery, with an unrisked NPV-10 of US$733.5 million and a risked expected value of US$594.2 million (81% chance of development) net to Trillion's 29% working interest.

• Unrisked resource potential of 51.6 MMbbl net to Trillion across three prospects - North (Contingent), Central, and Findık (South)

• Light oil confirmed at 32.4° API gravity

• The M47 block lies approximately 11 kilometres from the Şehit Aybüke Yalçın oil field, Türkiye's largest onshore oil discovery, the Şehit Esma Çevik oil field (5-6 km), Yağizoymak field (approximately 2 km), and Bulmuşlar field (approximately 4 km)

• Two-year funding commitments of approximately US$15.0 million.

Filings and Regulatory Matters

The annual filings consist of the Company's audited consolidated financial statements, management's discussion and analysis ("MD&A") and related CEO and CFO certifications under National Instrument 52-109 for the year ended December 31, 2025. The audited consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board and have been audited by MNP LLP in accordance with the standards of the Public Company Accounting Oversight Board (United States).

The Company expects to file its condensed interim consolidated financial statements, MD&A and related CEO and CFO certifications for the three months ended March 31, 2026 on or about Friday, May 29, 2026, in accordance with National Instrument 51-102 - Continuous Disclosure Obligations.

With the annual filings now completed, the Company has applied to the British Columbia Securities Commission, for revocation of the management cease trade order effective May 1, 2026 under National Policy 12-203.

The Company's annual filings, interim filings and reserves disclosures are available under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml and on the Company's website at www.trillionenergy.com.

About Trillion Energy International Inc.

Trillion Energy International Inc. is a Canadian oil exploration company focused on Türkiye. The Company has an agreement to earn a 29% working interest in the M47 oil exploration block (C3 and C4 licences) located in the Cudi-Gabar petroleum province of Southeastern Türkiye. The earn-in includes funding a total of US$15 million for 2026 and 2027 work commitments. More information may be found on www.sedarplus.ca and on the Company's website at www.trillionenergy.com.

Requests for further information should be directed to:

Trillion Energy International Inc.
Sean Stofer, CEO
David Thompson, Chief Financial Officer
Suite 700, 838 West Hastings Street
Vancouver, B.C., V6C 0A6
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299020

FAQ

What did Trillion Energy (OTCQB: TRLEF) announce on May 27, 2026 about its 2025 financials?

Trillion Energy announced it filed its audited 2025 financial statements, MD&A and annual report. According to the company, these filings cover the year ended December 31, 2025 and are now available on SEDAR+, EDGAR and the company’s website for investor review.

Why were Trillion Energy’s 2025 financial statements delayed and what caused the MCTO on TRLEF?

The 2025 filings were delayed due to a strategic pivot, asset write-downs and a new reserves reporter. According to Trillion Energy, this delay led to a management cease trade order effective May 1, 2026, for which revocation has now been requested.

What is the significance of Trillion Energy’s 29% earn-in interest in the M47c,d block for TRLEF investors?

Trillion Energy holds a 29% earn-in interest in Türkiye’s M47c,d block with contingent light oil resources. According to the company, the North Discovery has 27.6 MMbbl 2C contingent resource and a risked NPV-10 of US$594.2 million net to its interest.

How large are Trillion Energy’s reported oil resources and NPV-10 values in the M47c,d block?

Trillion Energy reports 27.6 MMbbl 2C contingent resource (24,186 MSTB net) in the North Discovery. According to the company, this carries an unrisked NPV-10 of US$733.5 million and risked expected value of US$594.2 million, plus 51.6 MMbbl unrisked potential net.

What funding commitments has Trillion Energy secured for its onshore Türkiye oil projects?

Trillion Energy reports approximately US$15.0 million in two-year funding commitments for the M47c,d block. According to the company, this funding supports advancing its onshore light oil discovery and related exploration activities in southeastern Türkiye following its strategic pivot.

Where can investors find Trillion Energy’s latest financial statements and reserves disclosures?

Investors can access Trillion Energy’s annual and interim filings on SEDAR+, EDGAR and its website. According to the company, audited financial statements, MD&A and reserves disclosures are available under its public profiles, supporting due diligence for current and prospective TRLEF shareholders.