Mr. Arthur Halleran reports

TRILLION ENERGY COMMENCES OIL EXPLORATION PROGRAM

Trillion Energy International Inc. has entered into a contract for acquisition of 2-D seismic data and commenced the oil exploration seismic program for the first of the three Cudi-Gabar oil farm-in blocks.

Equipment and staff are currently being mobilized into the M47 C3 and C4 licence areas (the M47 block) to drill 3,750 12-metre-deep holes, which will then be used to a shoot dynamite-based seismic over the east-to-northeast half of the M47 block covering roughly 15,000 hectares.

This seismic acquisition program is critically important for the M47 block, as seismic has never occurred in the area where the new lines will be shot and the location is in close proximity (11 to 12 kilometres in distance) to the recently discovered Sehit Aybuke Yalcin and Sehit Esma Cevik oil fields.

Acquisition of the 2-D seismic data will commence mid-November concluding December, 2023, followed by processing and interpretation, which will take an estimated five to six months.

Arthur Halleran, chief executive officer, commented: "We are excited to commence oil exploration in this new frontier -- the emerging Cudi-Gabar oil province. The initial seismic data will be analyzed for anticline structures with seals to focus future drilling efforts. Trillion strives to maximize shareholder value through a mix of gas development at SASB and high-impact oil and gas exploration through its farm-in on the three Cudi-Gabar oil blocks and expanding the SASB footprint."

A second seismic acquisition program for oil exploration blocks M46C and M46D is planned for 2024 following the completion of seismic program on the M47 block.

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 holds a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field. The company also has recently farmed into three oil exploration blocks in northeast Turkiye.

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