Mr. Arthur Halleran reports

TRILLION ENERGY ANNOUNCES $10 MILLION MARKETED PUBLIC OFFERING

Trillion Energy International Inc. has filed a preliminary short form prospectus with the securities commissions or similar regulatory authorities in each of the provinces of Canada, other than Quebec, in connection with a best efforts marketed public offering of common shares of the company for gross proceeds of up to $10-million. In connection with the offering, the company intends to provide a president's list of purchasers for up to $3-million.

The offering will be conducted by Echelon Wealth Partners Inc. as lead agent and sole bookrunner, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange (the CSE).

The offering will be completed (i) by way of a short form prospectus to be filed in the Canadian jurisdictions; and (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended; and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the company's securities under domestic or foreign securities laws.

Trillion intends to use the net proceeds from the offering to finance its 2023/2024 capital program, the payment of certain accounts payable related to the drilling at SASB and for general working capital purposes.

The offering is expected to close on or about Nov. 24, 2023, or such other date as the company and Echelon may agree.

The ultimate size and price of the offering will be determined in the context of the market.

The company has granted Echelon an option to purchase up to an additional 15 per cent of the common shares sold under the offering, at the issue price. The overallotment option may be exercised in whole or in part to purchase common shares as determined by Echelon upon written notice to the company at any time up to 30 days following the closing date of the offering.

About Trillion Energy International Inc.

Trillion Energy is focused on oil and natural gas production for Europe and Turkey with natural gas assets in Turkey. 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 has a 19.6-per-cent (except three wells with 9.8-per-cent) interest in the Cendere oil field. The company has a 50-per-cent interest in three high-impact oil exploration blocks in southeast Turkey.

We seek Safe Harbor.