An anonymous director reports

TRILLION ENERGY TO EXPLORE STRATEGIC ENERGY OPPORTUNITIES WITH MAJOR NATURAL GAS COMPANY

Trillion Energy International Inc. is exploring strategic energy opportunities in the Bulgaria and Turkiye region with a global energy trading company. The parties have signed a non-disclosure agreement to share information on a confidential basis regarding potential new business opportunities to be advanced together, the aim is to advance the Vranino 1-11 exploration block in Bulgaria, which has coal-bed methane natural gas exploration potential as well as opportunities in Turkiye.

What precipitated the initiative is the mutual recognition that discovering new sources of natural gas in the European region is paramount, Trillion's recent technological success in the Black Sea using long-reach directional drilling technology and Trillion's Vranino 1-11 natural gas exploration block, which has significant gas resources and which remains unexplored by Trillion.

The natural gas trading company had 2022 revenue of more than $100-billion (U.S.) and is involved in buying, distributing and selling natural gas. There are significant opportunities to gain access to pipeline infrastructure to transport gas in the region, with the implementation of the interconnector Greece-Bulgaria (IGB) as well as the expanded infrastructure in Turkiye and Bulgaria. With the expansion of the infrastructure in Turkiye, Bulgaria, Romania, Hungary and Slovakia pipeline conduits will be available.

As previously detailed in the company's press release of April 28, 2022, the Vranino licence block is 98,205 acres (397 square kilometres) with third party resource estimates as shown in the attached table.

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 a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field.

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