Trillion Energy Announces Independent Resource Evaluation

By Finance News On Apr 19, 2026

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z620) (“Trillion” or the “Company”) announces the results of an independent evaluation of contingent and prospective oil resources for Block M47C3,C4 in Southeast Türkiye, prepared by Chapman Hydrogen and Petroleum Engineering Ltd. (“Chapman”) of Calgary, Alberta, in accordance with National Instrument 51-101 (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook (“COGEH”) effective March 31 2026.

Highlights

2C Contingent Resource of 27.6 MMbbl (24,186 MSTB net) on the North Discovery, with an unrisked NPV-10 of US$733.5 million and a risked expected value of US$594.2 million (81% chance of development) net to Trillion’s 29% working interest.
Total Block M47C3, C4 unrisked resource potential of 51.6 MMbbl net to Trillion across three prospects – North (Contingent), Central, and Findık (South), all targeting the Cretaceous Mardin Group carbonate reservoir.
Light oil confirmed at 32.4° API gravity at both C-1 and C-2 wells; 38 metres of net oil pay at C-1 with water saturation as low as 8%. Both wells were drilled on the structural flank; the structural crest remains untested.
The M47 block lies approximately 11 kilometres from the Şehit Aybüke Yalçın oil field, Türkiye’s largest onshore oil discovery, the Şehit Esma Çevik oil field (5-6 km), Yağizoymak field (approximately 2 km), and Bulmuşlar field (approximately 4 km), all of which produce from the Beloka and Mardin Group carbonates and which are analogue fields.

About The M47 Concession

The M47c,d Concession is located in Southeastern Türkiye, within the Cudi-Gabar petroleum province. The block contains three identified prospects: the North, Central, and Findık (South) prospects, targeting the Early Cretaceous Beloka and Mardin Group carbonate reservoirs. Two wells (Çetinkaya C-1 and C-2) have been drilled on the North Prospect, both confirming the presence of 32.4° API light oil based on log analysis and independent petrophysical evaluation of recovered oil. The Company has the right to earn a 29% working interest in the M47 Concession following its agreement with Derkim Petrolüm, subject to fulfillment of the earn-in obligations.

Resource Evaluation Summary

Resource Category	Gross (MSTB)	Net (MSTB)	NPV10% Before Tax (M$)
Contingent Resources – 2C (North Prospect)	27,641	24,186	733,522
Contingent Resources – Expected Value (2C)	22,305	19,517	594,153
Prospective Resources – Before Risk (Arithmetic Average)	23,987	20,989	660,171
Prospective Resources – After Risk (Arithmetic Average)	7,887	6,901	215,684

1 MMbbl = 1,000 MSTB. Monetary values in US dollars. M$ = thousands of dollars. “Gross” resources in this table represent the Company’s 29% working interest share before deduction of royalties owned by others (i.e., before the 12.5% government royalty on the North Prospect); they are not 100% block volumes. “Net” resources represent the Company’s 29% working interest share after deducting royalties. NPV discounted at 10% per year…