Mr. Scott Lower reports

TRILLION ENERGY LAUNCHES $2 MILLION PRIVATE PLACEMENT TO ADVANCE M47 OIL EXPLORATION; ANNOUNCES 5:1 SHARE CONSOLIDATION

Trillion Energy International Inc. intends to complete, subject to the approval of the Canadian Securities Exchange, a non-brokered private placement to issue up to 13,333,333 units, on a postconsolidation basis, of the company for gross proceeds of up to $2-million. The offering may include certain debt settlements on the same terms. Each unit will be issued at a price of 15 cents per unit (postconsolidation (defined below)) and will consist of one common share in the capital of the company and one-half of one common share purchase warrant exercisable at 25 cents. Each warrant shall be exercisable for a period of one year from the date of issue.

The company may pay cash commissions to qualified finders or agents for up to 8 per cent of the units sold under the offering.

The offering is designed to finance near-term work obligations under the company's definitive farm-in agreement on the M47 concession, parts C3 and C4, in southeastern Turkey -- an asset that Chapman Hydrogen and Petroleum Engineering Ltd. recently evaluated at 2C contingent resources of 27.6 million barrels with an unrisked net present value 10 of $733.5-million (U.S.) net to Trillion's 29-per-cent working interest. The concurrent one-for-five share consolidation reduces Trillion's outstanding share count from approximately 208 million to approximately 41.6 million common shares, aligning the company's capital structure with industry peers and strengthening its positioning ahead of an active drilling season.

"This financing provides the near-term capital needed to meet our M47 commitments and advance what we believe is one of the most compelling light oil exploration opportunities in Turkey today," said Scott Lower, president of Trillion Energy. "The simultaneous share consolidation is a deliberate capital markets decision -- reducing our share count to bring our structure in line with peers and create a cleaner foundation as we execute our 2026 and 2027 drilling programs. We welcome both new and existing shareholders to participate at what we view as an attractive entry point ahead of active newsflow."

Proceeds from the offering will be applied toward the following priorities: (i) contractual work program obligations on the M47 concession under the definitive farm-in agreement, being the principal asset in the company's portfolio ($250,000 (U.S.) to $400,000 (U.S.), representing a portion of the $9.5-million (U.S.) 2026 financing tranche); (ii) investor relations activities $20,000); (iii) expenses related to the offering; and (iv) general working capital and corporate purposes. In the event the offering is not fully subscribed, proceeds will be applied first to satisfy work obligations on M47 and general working capital purposes.

The company is making the offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, and family and close personal friends and business associates of directors and officers of the company. The offering is also available to all existing shareholders of Trillion who, as of the close of business on April 17, 2026, held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the existing securityholder exemption contained in the various corresponding blanket orders and rules of participating jurisdictions.

The company advises that there are conditions and restrictions when subscribers are relying upon the existing shareholder exemption, including, among other criteria, the subscriber: (a) must be a shareholder of the company on the record date (and still be a shareholder); (b) must be purchasing the units as a principal -- for his or her own account and not for any other party; and (c) may not purchase more than $15,000 value of securities from the company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing units using the existing shareholder exemption will need to represent in writing that they meet the requirements of the existing shareholder exemption. There is no minimum subscription amount. As the existing shareholder exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others who do not qualify under the existing shareholder exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption. Any existing shareholders interested in participating in the offering should contact the company pursuant to the contact information set forth below.

Additionally, the company is also relying on the exemption for sales to purchasers advised by investment dealers as it confirms that there is no material fact or material change related to the company which has not been generally disclosed. Unless the company determines to increase the gross proceeds of the offering, if subscriptions received for the offering based on all available exemptions exceed the maximum offering amount of $2-million, units will be allocated pro rata among all subscribers qualifying under all available exemptions. The company retains the right to accept or reject subscriptions. Should the offering be oversubscribed, it is possible that a shareholder's subscription may not be accepted by the company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to favour large subscriptions over smaller shareholder subscriptions.

The common shares and warrants issued pursuant to the offering will be subject to a four-month-and-one-day hold period. Completion of the offering remains subject to the approval of the CSE.

Consolidation

Additionally, the company wishes to announce that prior to the completion of the offering, it will 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 208,122,285 common shares are issued and outstanding. Accordingly, when the consolidation is put into effect, a total of approximately 41,624,457 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 consolidation is a necessary and value-enhancing step in repositioning the company as a focused oil exploration issuer. By reducing the outstanding share count from approximately 208 million to approximately 41.6 million common shares, the consolidation brings Trillion's capital structure in line with comparable junior oil exploration companies, and is expected to improve per-share metrics, broaden the pool of institutional and international investors eligible to hold the stock, and reduce per-share price friction ahead of the company's active M47 drilling program. 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 CSE at the open of markets on or about April 22, 2026.

About Trillion Energy International Inc.

Trillion Energy is a Canadian oil exploration company focused on Turkey. The company has an agreement to earn a 29-per-cent working interest in the M47 concession (C3 and C4 licences) located in the Cudi-Gabar petroleum province of southeastern Turkey, where two wells (Cetinkaya C-1 and C-2) have confirmed 32.4-degree API light oil in the Cretaceous Mardin group carbonate reservoir. An independent evaluation by Chapman Hydrogen and Petroleum Engineering, effective Dec. 31, 2025, assigned 2C contingent resources of 27.6 MMbbl with an unrisked NPV 10 of $733.5-million (U.S.) and total unrisked contingent and prospective resources of approximately 40.5 MMbbl net to the company's 29-per-cent working interest.

We seek Safe Harbor.