TRILLION ENERGY ANNOUNCES DEBT SETTLEMENT

February 2, 2024

Vancouver, B.C., Feb. 02, 2024 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB:TRLEF) (Frankfurt: Z62), an oil and natural gas producer in Turkey, announces that it has issued 3,180,000 common shares (each, a “Share“) of the Company at a deemed price of $0.20 per Share in settlement of a bona fide debt of $636,000 owed by the Company to its Chief Executive Officer, Arthur Halleran for $546,000, and two directors of the Company for the balance, namely David Thompson and Sean Stofer (the “Debt Settlement“). The Shares are subject to a statutory hold period expiring four months and one day after closing of the Debt Settlement.

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