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

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.