TRILLION ENERGY PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C., May 27, 2024 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company“) (CSE: TCF) (OTCQB:TRLEF) (Frankfurt: Z62) wishes to provide an update to its previously announced non-brokered private placement of up to 15,000,000. The Company is upsizing the private place to 20,000,000 units of Trillion (the “Units“) at a price of $0.09 per Unit, for aggregate gross proceeds of up to a maximum of $1,800,000 (the “Offering“), with each Unit comprised of one common share of the Company (“Common Share“) and one share purchase warrant (“Warrant“), each Warrant exercisable at a price of $0.18 per share for a period of two years from issuance (please see the Company’s news release dated May 23, 2024 for further details). Except for the following additional disclosure, the Company plans to proceed with the Offering as previously announced.

Read more at globenewswire.com