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VANCOUVER, BC / ACCESS Newswire / October 9, 2026 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that it has closed the first tranche of its previously announced CDN$2.5 Million non-brokered private placement (the "Offering") (see news releases dated September 14th and 28th, 2026). The Company has closed on proceeds of CDN $2,144,720 in the first tranche of the private placement financing by issuing:

• 3,841,590 non-flow through units (the "Units") at a subscription price of CDN $0.17 per Unit for aggregate gross proceeds of $653,070. Each Unit will consist of one (1) common share and one-half (1/2) of one share purchase warrant, each whole warrant exercisable into one (1) non-flow through common share at an exercise price of $0.30 per share for a period of two (2) years from the date of issuance.

All securities issued in the first tranche closing will be subject to a four month hold period ending on February 10, 2027 in accordance with applicable securities laws.

The Company proposes to use the net proceeds from the flow-through portion of the Offering for eligible Canadian exploration expenditures (as defined in the Income Tax Act (Canada) in connection with its exploration drilling activities at the Harrison Lake Gold Project area, located in southwestern British Columbia (the "Property"). These expenditures will be renounced for the 2026 tax year.

The Company intends to use the proceeds of the Offering for Phase 2 exploration and underground and surface drilling costs for the Property (approximately $1,700,000 budget including 15% contingency) and general working capital, which will include a $400,000 reserve for participation in future drill programs on the company's Lloydminster, Alberta oil and gas property (should the Company exercise its right to participate in future drill programs under the applicable farmout agreement).

PHASE 2 - SURFACE & UNDERGROUND DRILLING/HARRISON LAKE DISTRICT SCALE GOLD PROJECT-PROPOSED BUDGETS

PHASE 2- Underground Drilling expenditures on the Property are budgeted as follows: Supervision, 3-D Geological modelling, ($100,000), Mobilization & Technical Support ($100,000), completing minimum 2,500 meters of underground drilling ($375,000), First Aid and Mine Act Compliance ($100,000), Assaying ($75,000), contingency ($100,000).

PHASE -2- Surface Drilling expenditures on the property are budgeted as follows: Geological Supervision surface exploration work ($150,000), Mobilization & Technical Support ($100,000), Drilling 1500 meters, 15 Holes ($225,000), Assays ($150,000) and a 15% contingency.

SECOND TRANCHE

The Company expects to close on additional funds in a second tranche, to be announced at a later date. As noted in a prior news release, the aggregate Offering consists of an offering of up to 7,894,737 FT Units and up to 5,882,353 Units for aggregate gross proceeds of up to $2,500,000. The Offering is subject to a 15% over-allotment option pursuant to which the Company may sell up to an additional 882,353 Units for aggregate gross proceeds of up to an additional $150,000 and up to an additional 1,184,210 FT Units for aggregate gross proceed of up to an additional $225,000. Closing of the second tranche is expected to occur by October 26, 2026.

FINDERS' FEES

In connection with the first tranche closing, the company paid cash commissions in the aggregate amount of $148,940.35 and issued 811,465 finders' warrants, each finders' warrant exercisable into one (1) common share at an exercise price of $0.30 per share for a period of two (2) years from the date of issuance. The cash commission represents 7% of the cash raised from investors introduced to the Company by the finders. The finders' warrants are equal in number to 7% of the number of Units and FT Units purchased by investors introduced to the Company by the finders. The Company also paid a corporate finance fee of $50,000 to EMD Financial in connection with the first tranche closing.

ABOUT TRANS CANADA GOLD CORP. - GOLD & MINERAL EXPLORATION/OIL AND GAS PRODUCTION/REVENUE PRODUCING OIL WELLS

The Company is a Canadian discovery focused Gold Exploration company focused on acquiring and drilling advanced gold, silver and critical base metal mineral assets situated in Canada and Oil & Gas Resource Development Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration opportunities, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets, primarily situated in Alberta Canada. The Company has qualified Senior exploration mining management and oil & gas Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term gold and strategic mineral and petroleum and natural gas resource assets.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
[email protected]
www.transcanadagold.com

Mario Drolet
President
MI3 Communications Financieres Inc., Montreal Quebec
Tel: (514) 904-1333
Cell: ((514) 340-3813
E-Mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Trans Canada Gold Corp.