<p><i><strong>&bull; </strong></i><strong>Progress on Second Multilateral Well:</strong><i><strong> Successfully completed 50% of the drilling on its second multilateral well located on the Company's heavy oil property</strong></i></p><p><i><strong>&bull; </strong></i><strong>Efficient Drilling Operations:</strong><i><strong> Contractor crews, led by Precision Drilling, are progressing efficiently and are expected to complete drilling by August 30, 2024. Completion operations are scheduled to follow in early September.</strong></i></p>

<p><i><strong>Permitting and Timeline: The Alberta Energy Regulator has issued drilling permits, with lease construction nearing completion. Drilling is set to begin.</strong></i></p><p><i><strong>Operational and Financial Preparedness: The well's total costs are projected at $2.2 million, with Trans Canada's fully funded share at $412,500. Croverro Energy Ltd. will operate the project under the partnership agreement.</strong></i></p>

<p><i><strong>&bull; Tenth Month of Steady Oil Production: Trans Canada Gold Corp. has completed its tenth consecutive month of robust oil production for July 2024, with oil sales to Altex and Cenovus Energy Ltd.</strong></i></p><p><i><strong>&bull; Successful Multilateral Well Production: Since its inception in October 2023, the Croverro 7HZ Well, featuring seven multilateral legs, has produced over 60,000 barrels of oil.</strong></i></p><p><i><strong>&bull; Upcoming Drilling of Second Multilateral Well: Trans Canada is preparing to drill its second multilateral horizontal well targeting the General Petroleum (GP) Zone</strong></i></p>

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