Trans Canada acquires additional lands from Canpar, Freehold and Rife

Trans Canada Gold has acquired additional lands inside the AMI which will allow the drilling of up to 4 additional multilateral wells. The 320-acre parcel offset our existing lands to the north were acquired from Canpar, Freehold Royalties and Rife Resources. The newly acquired lands, together combined with our existing lands have the oil resource potential in both the Sparky and General Petroleum producing zones. These additional lands bring total lands controlled to 640 acres. The company interest in the lands is 18.75% with all wells to be drilled on a non-promoted basis. Our operator, Croverro Energy, has acquired and processed 2 additional seismic lines, which combined together with existing well control will allow the more precise targeting, when drilling the horizontal wells in the oil resource reservoirs.