The company announces the end of its move to Canada



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Vancouver, BC, Jan. 21, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is pleased to announce that the previously announced proposed merger and continued redomiciliation from Delaware to a British Columbia company has been completed and is now effective. . As indicated in previous press releases, the Company considers this decision to be fundamental to reducing costs and regulatory filings and is essential to obtain financing negotiated with a Canadian investment bank to finance the development of its SASB gas field. This relocation of Trillion to Canada will streamline the activities required to drill and produce the SASB gas field.

The redomiciliation process was completed by (a) the completion of a plan for the State of Delaware to merge into our British Columbia subsidiary (the “Extension”), and (b) the concurrent completion of a amalgamation with such subsidiary under the laws of British Columbia (the “Amalgamation”) and, with Continuance, the (“Repatriation Transaction”).

The Repatriation Operation did not result in any change in the board of directors, the management, the day-to-day conduct of the Company’s business or its strategy. Among other benefits, management expects a reduction in the Company’s regulatory compliance costs, an improved ability to access capital markets and an increase in the number of potential investors. Completion of the Repatriation Transactions will reduce or eliminate certain US restrictions on the resale of common stock previously issued by the Company in private placement transactions. Following the Bring-In Transaction, the Company has concluded that it will meet the definition of a “foreign private issuer”, as defined by Rule 3b-4 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Pursuant to the Repatriation Transaction, shareholders will receive or be entitled to receive, for each common share of Trillion Energy International Inc. (Delaware) (“Trillion Share”), one common share of Trillion Energy Inc, now incorporated British Columbia. (a “share of a trillion BC”). Consistent with the repatriation transaction, Trillion does not expect any changes to the company’s trading symbols.

Arthur Halleran, CEO said:

“We are delighted to have completed the move and now expect to quickly finalize our financing and secure our rig contract. Current natural prices are at historic highs in the region, which bodes well for our SASB natural gas drilling program which we expect to begin later this year.”

About the company

Trillion Energy is an oil and gas producing company with multiple assets in Turkey and Bulgaria. The Company owns 49% of the SASB natural gas field, one of the first and largest natural gas development projects in the Black Sea; a 19.6% stake (excluding three wells at 9.8%) in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a potential unconventional natural gas property.

For more information, please visit our website: www.trillionenergy.com or email us: [email protected] The Company’s NI 51-101 and other reports relating to its reserves as of December 31, 2020 are filed on www.sedar.com, www.thecse.com, as well as on the Company’s website.

ContactArt Halleran: 1-250-996-4211 Corporate Office: 1-778-819-1585 Email: [email protected] Website: www.trillionenergy.com

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Source: Trillion Energy International Inc.

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