Mr. Arthur Halleran reports

TRILLION ENERGY ANNOUNCES 43 METRES OF GAS PAY IN BAYHANLI 2 WELL AT SASB GAS FIELD

Trillion Energy International Inc. has released the preliminary gas indications from the Bayhanli 2 well, the fifth well in the company's multiwell program at the SASB gas field, Black Sea, Turkey. On May 13, 2023, Bayhanli 2 reached 3,425 metres total measured depth (TMD) and true vertical debt (TVD) of 1,231 metres, and discovered an abundance of gas pay.

Initial petrophysical analysis has indicated a total of about 43 metres of gas pay in six sand units of the Akcakoca member. The thickest pay (14 metres) is in the E sand and 13 metres is in the AA sand. The seven-inch production casing has been run in and cemented. The initial perforation intervals are currently being selected to bring the well into production. Completion and flow testing will occur once the well is perforated, with results to be announced next week.

Bayhanli 2 is expected to start generating revenue at the end of May, 2023. After completion of the Bayhanli 2 well, the rig will be moved to the Akkaya tripod to start drilling the Alapli 2 well.

Arthur Halleran, chief executive officer of Trillion, stated:

"The Bayhanli 2 well gives Trillion Energy five wells for five activities now at SASB. We are in the process of evaluating how to maximize the gas production from each well as more wells are brought into production. One avenue is to hire an engineering firm that specializes in multiwell gas fields that have different production pressures."

About Trillion Energy International Inc.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkey and Bulgaria. The company is 49-per-cent owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects; a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field; and, in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property.

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