Trillion Energy International Announces Accelerated Warranty Expiration for 2021 Warranty, Canadian Business Journal

VANCOUVER, BC, OCTOBER 21, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Co., Ltd. (“Trillion“ or “Company“”) (CSE: TCF) (OTCQB: TLEF) (Frankfurt: Z62) has elected to exercise its rights under the terms of the Warrant Certificate governing the Company’s Common Stock Purchase Warrant issued during March 2021 announces (“March 2021 warrant“) to expedite the term of the Warrant to March 2021.

Pursuant to the March 2021 Stock Acquisition Rights, if the Company’s stock price closes at a price of $0.15 per share on the Canadian Stock Exchange for 10 consecutive days, the Company will exercise the March 2021 Stock Acquisition Rights. We will notify the Warrant Holder in writing or via a news release within thirty (30) days after notice of the period.

As of October 21, 2022, the closing price of our common stock has traded above $0.15 CAD for at least ten consecutive days. Therefore, the expiration date for 2021 he will be shortened to November 21, 2022 (“accelerated expiration”).

All March 2021 Warrants not exercised by 5:00 p.m. Pacific Time on the Accelerated Expiration Date will expire and be cancelled.

As of October 21, 2022, a total of 12,025,997 March 2021 Warrants have not yet been exercised, of which 4,007,917 are exercisable at CAD $0.10 per share and 4,660,000 are exercisable at CAD 0.12 per share; 2,358,080 are exercisable at US$0.08 per share. 1,000,000 is exercisable at US$0.16 per share. Each March 2021 warrant is exercisable to acquire one share of our common stock.

About the company

Trillion is an oil and gas producer with multiple assets across 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. His 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.

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