Trillion debentureholders OK maturity date extension

Mr. Sean Stofer reports TRILLION ENERGY ANNOUNCES EXTENSION TO EXPIRY DATE OF DEBENTURE INDENTURE AND COMPLETION OF SHARES FOR DEBT SETTLEMENT Further to the news release dated April 25, 2025, and in accordance with the terms of a debenture indenture entered into between Trillion Energy International Inc. and Odyssey Trust Company dated April 20, 2023, as supplemented by the first supplemental debenture indenture dated as of Sept. 14, 2023, and a second supplemental debenture indenture dated as of April 23, 2025, governing the 12.0 per cent convertible debentures of the company (aggregate principal amount of $15-million) maturing on July 31, 2025, holders representing at least 66-2/3rds per cent of the principal amount of the convertible debentures have signed an extraordinary resolution dated July 24, 2025, consenting to: (i) authorizing the company and Odyssey to enter into a third supplemental debenture indenture to amend the maturity date of the convertible debentures from July 31, 2025, to Oct. 31, 2025; and (ii) the convertible debentures continuing to bear interest from Aug. 1, 2025, to Oct. 31, 2025, at a rate of 12 per cent per annum payable in cash. The debentureholders will not be receiving any consideration in connection with the extension of the expiry date of the convertible debentures. The remaining terms of the convertible debentures will remain the same. Debt settlements The company also announces that further to its news release dated June 27, 2025, the company has issued an aggregate of 7,725,908 common shares of the company at five cents per share in settlement of $386,295.42 in debt owed by the company to directors, officers and consultants of the company. The common shares are subject to a four-month-and-one-day hold period expiring on Nov. 22, 2025. In connection with the debt settlement, an aggregate of 3.9 million common shares of the company were issued for certain management services from directors and officers of the company. The insider settlement is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related-party participation in the debt settlement based on that the fair market value of such insider participation does not exceed 25 per cent of the company's market capitalization. About Trillion Energy International Inc. Trillion is focused on oil and natural gas production for Europe and Turkey with natural gas assets in Turkey. The company is 49-per-cent owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field. We seek Safe Harbor.