Mr. Arthur Halleran reports

TRILLION ENERGY ANNOUNCES 40+ METRES GAS PAY IN ALAPLI 2 GAS WELL

On July 16, 2023, Trillion Energy International Inc.'s Alapli 2 well reached 3,258 metres total measured depth (TMD). Preliminary gas indications based on the mud logging results suggest more than 40 metres of potential natural gas pay within six separate sands in the Akcakoca member (SASB production zone).

The next step is running and cementing the seven-inch production casing then perforating the production zones. The logging while drilling (LWD) data are currently being evaluated. The initial perforation intervals are currently being determined to bring the well into production. Completion and flow testing will occur once the well is perforated, with results to be announced next week.

The Alapli 2 well is the sixth well in the company's multiwell program at the SASB gas field in the Black Sea, Turkiye. The company's work program at SASB is divided into several projects/phases, where wells are drilled consecutively to streamline operations and reduce drilling costs.

The offset Alapli-1 exploration well drilled several years ago (but which was never produced) tested 7.1 million cubic feet per day from a combined three zones with a measured thickness of 15 metres.

Arthur Halleran, chief executive officer of Trillion, stated: "The Alapli 2 gas well gives us six successful wells for six activities at SASB during our initial project, which was fully funded through equity raises obtained last year as well as revenues from gas production; we do not anticipate further capital being raised for SASB at this time. The success of this technically challenging project has placed a spotlight on Trillion, attracting new and exciting opportunities, which will be detailed over the coming weeks."

About Trillion Energy International Inc.

Trillion Energy is focused on natural gas production for Europe and Turkiye with natural gas assets in Turkiye 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; and it holds 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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