Trans Canada Gold Corp. Places Second Multilateral Heavy Oil Well on Production Near Lloydminster, Alberta

Vancouver, BC / ACCESSWIRE / September 17, 2024 - Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has successfully placed its second newly drilled multilateral well on production. The well started production on September 7th and is currently recovering drilling fluid with increasing oil recovery percentages. Oil production rates will be released once the production stabilizes, according to the Company.

The well, drilled in the GP reservoir, showcased all legs being successfully drilled. Croverro Energy Ltd. served as the Operator under the terms of the agreement. Trans Canada Gold Corp. holds an 18.75% interest in the well and the Area of Mutual Interest (AMI).

The Company has also acquired additional lands within the AMI. These contiguous lands offer potential for further multilateral wells in the Sparky and GP producing zones.

Tim Coupland, President & CEO, commented, "We have now successfully drilled our second multilateral well, showcasing both drilling and production expertise in Lloydminster area. Production rates will be released shortly once stabilized."