Trans Canada Gold Corp. is Examining Multiple Potential Gold Project Acquisitions in Several Canadian Provinces and Resource Jurisdictions, and is in Discussions with an Intention to Acquire Several Strategic Gold Drilling and Exploration Acquisitions in Canada

Rhea-AI Summary

Trans Canada Gold Corp (OTCQB:TTGXF, TSX-V:TTG) announced it is reviewing multiple advanced gold exploration projects across several Canadian provinces and is in discussions to acquire strategic gold assets.

The company received AER approval for its Lloyd 5-23-49-1W4 multi-lateral well and has a well license and drill permit for a 7-leg program near Lloydminster, Alberta. Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada), which the company says is fully funded from production cash flow and will avoid share dilution.

Trans Canada continues oil and gas production while pursuing gold property opportunities and partners with Croverro Energy for technical operations.

Positive

• AER well approval for Lloyd 5-23-49-1W4 multi-lateral well
• Planned 7-leg drilling program near Lloydminster, Alberta
• Total well costs $1.9M with $350k net to Trans Canada
• Well costs fully funded from production cash flow, avoiding dilution
• Operational partnership with Croverro Energy for multi-lateral wells

Negative

• Acquisition discussions are non-binding; no signed gold property acquisitions announced

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / October 21, 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 has been actively examining and reviewing multiple 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 in multiple discussions with gold property owners and vendors in the hopes of making a strategic gold property acquisition shortly, capitalizing on the current prevailing gold price and soaring precious metal market conditions.

MULTILATERAL DRILL PERMIT AND WELL LICENSE APPROVED/ DRILLING PENDING

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.com
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 permit did Trans Canada Gold (TTGXF) receive on October 21, 2025?

Trans Canada received AER approval and a well license for the Lloyd 5-23-49-1W4 multi-lateral well with a 7-leg drill program.

How much will the Lloyd multi-lateral well cost TTGXF and what is the company's net share?

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

Will the Lloyd well funding dilute TTGXF shareholders?

The company states the well costs are fully funded from production cash flow, preventing share dilution.

Is Trans Canada (TTGXF) acquiring gold projects immediately following the October 21, 2025 announcement?

The company is in multiple discussions with property owners about potential acquisitions, but no signed purchase was announced.

Where is Trans Canada conducting its planned 7-leg drilling program?

The planned 7-leg multi-lateral drilling program is located near Lloydminster, Alberta.