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

Executive Summary

• Trans Canada Gold Corp. is conducting late‑stage due diligence on multiple advanced gold exploration projects with the intent to acquire a strategic gold property in early 2026.
• The Alberta Energy Regulator (AER) approved a well license and drill permit for a new 7‑leg multi‑lateral well (Lloyd 5‑23‑49‑1W4) near Lloydminster, Alberta; drilling is slated for the new year.
• Estimated drilling, completion and equipment costs total $1.9 million (of which $350,000 is net to Trans Canada), fully funded by existing production cash flow, avoiding share dilution.

Key Details

• Due Diligence & Acquisition Intent
• Geological team in “late‑stage due diligence” on several advanced gold mineral exploration projects across multiple Canadian provinces and favorable mining jurisdictions.

• Goal: complete a strategic gold property acquisition early 2026 to capitalize on high gold prices and strong precious‑metal market conditions.

• Drill Permit & Well License

• Received formal AER approval for well “Lloyd 5‑23‑49‑1W4” including issuance of a well license and drill permit.

• Program: new 7‑leg multi‑lateral well and associated drilling campaign near Lloydminster, Alberta.

• Cost & Funding

• Total projected cost for drilling, completion, and equipment: $1.9 million.
• Net cash outlay to Trans Canada: $350,000, with the remainder funded from existing production cash flow.

• No share dilution anticipated as costs are internally financed.

• Operational Context

• Company operates both oil & gas production wells and gold/mineral exploration projects.
• Partnered with Croverro Energy Ltd., leveraging their expertise in multi‑lateral well development and production revenue generation.

Notable Quotes

(No direct quotes were provided in the release.)