Mr. Arthur Halleran reports

TRILLION ENERGY ANNOUNCES CLOSING OF $10.8 MILLION MARKETED PUBLIC OFFERING

Further to Trillion Energy International Inc.'s press releases dated Nov. 9, 2023, and Nov. 10, 2023, the company has closed its previously announced best-effort marketed public offering of common shares. Pursuant to the Offering, the Company issued and sold a total of 36,057,934 common shares ("Common Shares") at a price of $0.30 per Common Share for gross proceeds of approximately $10,817,380, including the partial exercise of the over-allotment option. The Offering was conducted pursuant to an agency agreement with Echelon Wealth Partners Inc. (the "Agent") as sole agent and bookrunner.

The net proceeds from the Offering will be used to fund a portion of the Company's 2023-2024 capital programs, the payment of certain accounts payable related to the drilling at SASB, repayment of loans, and for general working capital purposes.

The Company filed a final short form prospectus (the "Prospectus") in all provinces of Canada, except Quebec, pursuant to National Instrument 44-101 - Short Form Prospectus Distributions to qualify for distribution the Common Shares offered pursuant to the Offering. Copies of the Prospectus and documents incorporated by reference therein are available electronically on SEDAR+ (www.sedarplus.ca).

Certain insiders of the Company participated in the Offering and subscribed for an aggregate of 548,333 shares for gross proceeds of $164,499.90 (the "Insider Subscriptions"). The Insider Subscriptions constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 -Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, for the insider participation in the Offering, as the securities do not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Corporation did not file a material change report more than 21 days before the closing of the Offering as required by MI 61-101 as the details of the participation by the insiders in the Offering were settled only recently.

Art Halleran CEO stated: "We are pleased to have successfully closed our financing and would like to express our appreciation to the markets and our supportive shareholders. Our focus now will be on producing positive results in our production focused operations over the short term to create long-term value for shareholders."

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About

Trillion Energy International Inc is focused on oil and natural gas production for Europe and Turkiye with natural gas assets in Turkiye. The Company is 49% 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% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 high impact oil exploration blocks in S.E. Turkiye. More information may be found on www.sedar.com, and our website.

We seek Safe Harbor.