Mr. Arthur Halleran reports

TRILLION ENERGY INTERNATIONAL ANNOUNCES SHARE CONSOLIDATION AND CONDITIONAL LISTING APPROVAL FOR THE TSX VENTURE EXCHANGE

Trillion Energy International Inc. intends to proceed with a consolidation of its outstanding common shares on the basis of five preconsolidation common shares for one postconsolidation common share. Any resulting fractional common share that is held by a holder of common shares will be cancelled, and the aggregate number of common shares held by such holder will be rounded down to the nearest whole number of common shares.

Currently, a total of 389,677,325 common shares are issued and outstanding. Accordingly, when the consolidation is put into effect, a total of approximately 77,935,465 postconsolidation common shares would be issued and outstanding, assuming there are no other changes in the issued capital of the company. All outstanding convertible instruments (including convertible debentures, options and warrants) will be adjusted on the equivalent ratio of the consolidation.

The board of directors believes that the proposed consolidation will better position the company to attract additional institutional investors into the company that have a base floor price for investments. There is no name change in conjunction with the consolidation, and the company's trading symbol will remain the same. The company expects its postconsolidation common shares to commence trading on the Canadian Securities Exchanges at the open of markets on Sept. 18, 2023. The new Cusip number for the postconsolidation common shares is 89624B302 and the ISIN (international securities identification number) for the postconsolidation common shares is CA89624B3020.

As a result of the consolidation, the company's trading symbol on the OTCQB will temporarily change to TRLED for 20 trading days by FINRA (Financial Industry Regulatory Authority).

TSX Venture Exchange

The company has received conditional approval to list on the TSX-V. The conditional approval remains subject to certain conditions that the company intends to satisfy in due course. Accordingly, a date for the listing of the common shares of the company on the TSX-V has not been set. The company expects to continue to trade under the ticker symbol TCF. Management of the company believes that a listing on the TSX-V, one of the world's largest global public venture markets, will benefit the company by giving it exposure to a larger audience of retail and institutional investors.

Arthur Halleran, chief executive officer, stated: "It is our firm view that achieving a higher stock price through a share consolidation will help us expand our institutional investor base. Subsequent to the rollback, we will be roadshowing the company to institutions in both Canada and Europe. We believe our strong future rests on our core assets and from investors seeking exposure to European gas markets."

About Trillion Energy International Inc.

Trillion is an oil and gas producing company with multiple assets throughout Turkiye. 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; holds a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field; and holds three oil exploration blocks located in Cudi-Gabar oil petroleum province, southeast Turkiye.

We seek Safe Harbor.