Trillion Energy International clarifies that it will endorse the Canadian business journal’s accelerated announcement

VANCOUVER, British Columbia, October 24, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Co., Ltd. (“Trillion““we” or “Company“”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62). On October 21, 2022, the Company announced the acceleration of certain Stock Purchase Warrants issued in March 2021 (“March 2021 warrant”). We would like to make the following clarifications and corrections to our October 21, 2022 news release:

The original news release stated that a total of 12,025,997 stock acquisition rights for March 2021 have not yet been exercised, but read that a total of 6,093,080 stock acquisition rights for March 2021 have not yet been exercised. should have 1,860,000 is exercisable at $0.12 CAD per share, 1,108,080 is exercisable at $0.08 per share and 1,000,000 is exercisable at $0.16 per share. If all of these remaining warrants are exercised, we will receive proceeds of $740,346 CAD.

Each March 2021 warrant is exercisable to acquire one share of our common stock. March 2021 Warrant Expiration will be shortened to November 21, 2022 (seeaccelerated expiration”). Warrants for March 2021 will not be exercised, expire and be canceled by 5:00 PM PT on the Accelerated Expiration Date.

Warrants issued after March 2021 are not eligible for acceleration at this time. For warrants issued after March 2021, the expiration date printed on the warrant certificate will continue to apply.

Trillion CEO Arthur Halleran said:
“With this warrant acceleration, all warrants issued prior to 2022 will no longer be recorded in our fiscal year ending December 2022. Strong drilling results are expected this month and our trading shares Given the current liquidity of the company’s share price that occurs

About the company

Trillion Energy is an oil and gas producer with assets in Turkey and Bulgaria. The Company is a 49% owner of the SASB natural gas field, one of the first and largest natural gas development projects in the Black Sea. 19.6% interest in the Cendere field (excluding his three wells of 9.8%). In Bulgaria, it is the Vranino 1-11 block and a potential unconventional natural gas asset. For more information, please visit his website at www.sedar.com and our company.

contact
Art Halleran: 1-250-996-4211
Headquarters: 1-778-819-1585
Email: [email protected]
Website: www.trillionenergy.com

Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Stock Exchange nor its market regulators (as that term is defined in the Canadian Securities Exchange Policy) take responsibility for the adequacy or accuracy of this release.

CBJ Newsmaker