Trans Canada Gold Corp. is Continuing Late-Stage Due Diligence on Multiple Potential Gold Project Acquisitions in Several Canadian Resource Jurisdictions, and in Discussions to Acquire a Strategic Gold Drilling and Exploration Acquisition in Canada

Rhea-AI Summary

Trans Canada Gold Corp (OTCQB:TTGXF) said its geological team is in late-stage due diligence on multiple advanced gold exploration projects across several Canadian provinces, targeting a strategic property acquisition early in the new year. The company also received AER approval for the Lloyd 5-23-49-1W4 well, including a well license and a 7-leg multi-lateral drill permit near Lloydminster, Alberta.

Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada), and the company says those costs are fully funded from production cash flow, avoiding share dilution.

Positive

• AER approval obtained for Lloyd 5-23-49-1W4 well and drill permit
• Planned 7-leg multi-lateral drilling program near Lloydminster, Alberta
• Well program costed at $1.9M with $350k net exposure to Trans Canada
• Well costs fully funded from production cash flow, preventing share dilution
• Late-stage due diligence on several advanced gold projects across Canadian provinces

Negative

• No binding gold property acquisition announced; deals remain in due diligence
• Targeted acquisition timing is non-binding: described as planned for early in the new year

News Market Reaction

+3.78%

1 alert

+3.78% News Effect

On the day this news was published, TTGXF gained 3.78%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Price change 24h: 10.26% 52-week range: $0.0388–$0.1028 Drilling cost: $1.9 million +5 more

8 metrics

Price change 24h 10.26% Move on latest acquisition and drilling update

52-week range $0.0388–$0.1028 Current price at 52-week low and 62.26% below high

Drilling cost $1.9 million Estimated drilling, completion and equipping costs for Lloyd 5-23-49-1W4 well

Net cost to company $350,000 Net share of Lloyd 5-23-49-1W4 costs to Trans Canada

Well design 7-leg multi-lateral Planned Lloyd 5-23-49-1W4 drilling program near Lloydminster, Alberta

Oil shipped 7,239 barrels Shipments from Lloydminster multilateral well for June–August 2025

Average production 79 bbl/d gross, 15 bbl/d net Average daily production from Lloydminster well based on 18.75% working interest

Cumulative production 114,000 barrels Total output from existing 12-14 multilateral well since 2023

Market Reality Check

Price: $0.0819 Vol: Volume 133,300 is 2.74x t...

high vol

$0.0819 Last Close

Volume Volume 133,300 is 2.74x the 20-day average of 48,634, indicating elevated interest ahead of the acquisition and drilling update. high

Technical Shares at $0.0388 are trading above the 200-day MA of $0.03, but remain 62.26% below the 52-week high of $0.1028.

Peers on Argus

TTGXF’s 10.26% gain outpaced peers, with CGRA up 22.58%, GRSFF up 3.37%, and OIL...

TTGXF’s 10.26% gain outpaced peers, with CGRA up 22.58%, GRSFF up 3.37%, and OILCF, MMEX, CTARF flat at 0%. No sector-wide momentum was flagged by the scanner, pointing to a company-specific move.

Historical Context

3 past events · Latest: Dec 04 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Gold acquisition update	Positive	+3.8%	Late-stage gold project due diligence and fully funded Lloydminster drilling plan.
Oct 21	Gold acquisition review	Positive	-5.3%	Reviewing advanced gold projects and securing AER approval for new multilateral well.
Sep 10	Oil production update	Positive	+11.1%	Reporting Lloydminster oil shipments and planning new 7-leg Sparky multilateral well.

Pattern Detected

Recent news has mostly seen positive price alignment, though one prior acquisition update drew a negative reaction, indicating mixed but slightly favorable response to operational and acquisition headlines.

Recent Company History

Over the last few months, Trans Canada Gold has combined oil production progress with acquisition-driven gold exploration plans. A Sep 10 update highlighted oil shipments and multilateral drilling plans with a strong positive move. An Oct 21 acquisition-focused release saw a modest selloff despite similar themes. Today’s Dec 04 news reiterates late-stage gold project due diligence and confirms funded Lloydminster drilling, extending this strategy of pairing production growth with prospective gold assets.

Market Pulse Summary

This announcement combined late-stage due diligence on multiple Canadian gold projects with confirma...

Analysis

This announcement combined late-stage due diligence on multiple Canadian gold projects with confirmation of a fully permitted 7-leg multilateral oil well, budgeted at $1.9 million ($350,000 net). Costs were described as funded from production cash flow, avoiding share issuance. Recent history shows a blend of oil production updates and acquisition plans, so tracking actual drilling progress, production volumes, and any finalized gold property deals remains key.

Key Terms

multi-lateral well, drill permit, well license, heavy oil, +2 more

6 terms

multi-lateral well technical

"its upcoming new 7-leg multi-lateral well and drill program situated near Lloydminster"

A multi-lateral well is an oil or gas well where a single main bore is extended with two or more branch tunnels that reach different parts of the underground reservoir, like a tree trunk with several limbs. For investors it matters because these branches can increase the area of rock contacted, often boosting production and recoverable reserves while reducing the cost and surface footprint per unit of output; however, they can also raise engineering complexity and upfront spending.

drill permit technical

"with the issuance of its well license and drill permit for its upcoming new 7-leg"

A drill permit is an official authorization from a government or regulatory agency allowing a company to begin drilling into the ground or seabed for resources like oil, gas, minerals or geothermal heat. It matters to investors because it is the legal “go-ahead” that turns exploration plans into potential production — similar to a building permit for a construction project — and can change a project's timeline, costs, revenue prospects and regulatory risk profile.

well license regulatory

"The Company has received all formal approval from the AER for its new Lloyd 5-23-49-1W4 Well with the issuance of its well license"

A well license is a government-issued permit that allows a company to drill, operate, or produce from a specific borehole for oil, gas, geothermal, or water. Like a building permit or driver’s license, it sets the approved location, activities, duration and safety or environmental conditions; investors care because having the license is a legal prerequisite for production, revenue, and valuation, and its scope and timeline affect project risk and cash flow.

heavy oil technical

"focused on developing and drilling its' production of conventional heavy oil exploration properties"

Heavy oil is a thick, dense form of crude petroleum that flows slowly—think molasses compared with water-like light crude. It matters to investors because it is more expensive and technically demanding to extract, move and refine, which lowers profit margins, raises capital and environmental costs, and affects the market value and saleability of oil assets compared with lighter, easier-to-process grades.

working interest financial

"The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets"

The working interest is the percentage ownership one party holds in an oil or gas lease that gives them the right to a share of production and also the obligation to pay a proportional share of exploration, development and operating costs. Think of it like owning a slice of a cake but also agreeing to pay part of the bill to bake it: a larger working interest means bigger potential revenue when wells produce, but also larger exposure to costs and liabilities if things go wrong.

AER regulatory

"The Company has received all formal approval from the AER for its new Lloyd 5-23-49-1W4 Well"

Annual Equivalent Rate (AER) is a standardized way of showing the effective interest rate on savings that includes the effect of compounding over a year, so different accounts can be compared fairly. Think of it like the blended speedometer for your money—showing how fast your balance grows after interest is added repeatedly. Investors use AER to compare return on cash-like holdings and to estimate after-interest growth without needing to calculate compounding themselves.

AI-generated analysis. Not financial advice.

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 4, 2025 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that the Company's geological team are in late-stage due diligence, actively examining and completing late-stage due diligence on several advanced gold mineral exploration projects with significant near-term growth and exploration drilling potential, situated in several Canadian Provinces and resource jurisdictions favorable to mining. The Company is currently completing the required due diligence, with gold property owners and vendors in the hopes of making a strategic gold property acquisition early in the new year. The Company intends to utilize its experienced gold mineral exploration team, and capitalize on the current prevailing gold price and soaring precious metal market conditions.

MULTILATERAL DRILL PERMIT AND WELL LICENSE APPROVED/ DRILLING PENDING IN NEW YEAR

The Company has received all formal approval from the AER for its new Lloyd 5-23-49-1W4 Well with the issuance of its well license and drill permit for its upcoming new 7-leg multi-lateral well and drill program situated near Lloydminster, Alberta.

Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any share dilution.

ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS/GOLD & MINERAL EXPLORATION

The Company is a discovery focused Oil & Gas Resource Development and Gold Mineral Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration properties, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets, primarily situated in Alberta Canada. The Company has qualified Senior exploration management and Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term petroleum and natural gas resource assets.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
astar@telus.net
www.transcanadagold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Trans Canada Gold Corp.

View the original press release on ACCESS Newswire

FAQ

What drilling approvals did Trans Canada Gold (TTGXF) announce on December 4, 2025?

The company received AER approval and a well license for the Lloyd 5-23-49-1W4 well and a 7-leg multi-lateral drill permit near Lloydminster, Alberta.

How much will the Lloyd well drilling cost Trans Canada Gold (TTGXF)?

Total drilling, completion and equipping costs are expected to be $1.9 million with $350,000 net to Trans Canada.

Will the Lloyd well costs dilute Trans Canada Gold (TTGXF) shareholders?

The company states the well costs are fully funded from production cash flow, which it says prevents share dilution.

What stage are Trans Canada Gold's (TTGXF) gold project acquisitions at?

The company is in late-stage due diligence on several advanced gold projects and is in discussions to acquire a strategic exploration asset.

When does Trans Canada Gold (TTGXF) expect to complete a strategic gold property acquisition?

The company indicated it hopes to make a strategic gold property acquisition early in the new year.

What jurisdictions are Trans Canada Gold's (TTGXF) target projects located in?

The announcement says projects are situated in several Canadian provinces and resource jurisdictions favorable to mining.