Mr. Sean Stofer reports

TRILLION ENERGY ANNOUNCES CEO RETIREMENT AND NEW MANAGEMENT APPOINTMENTS

Trillion Energy International Inc.'s board of directors has accepted Arthur Halleran's resignation and retirement as chief executive officer and director of the company, effective Dec. 27, 2024. Mr. Halleran served as CEO since 2017 and spearheaded the SASB development project to date.

The company is conducting an executive search, committed to selecting and appointing a seasoned executive with capital markets and technical experience to lead the company as CEO. The recruitment process is well under way and the board of directors is committed to concluding the transition as soon as possible. The new CEO will focus on exploiting existing assets and strategically enter new plays to increase overall value to all shareholders.

Trillion is pleased to announce that Sean Stofer PE, is appointed chairman of the board of directors and will also assume the role of interim chief executive officer, while the company completes its executive search for a permanent CEO. Mr. Stofer is a graduate of the University of British Columbia in engineering and has over 20 years of energy industry leadership and governance experience. Mr. Stofer has a proven record of founding several successful energy companies and delivering high growth through operational excellence. He has worked on the conventional energy projects and the development of hundreds of megawatts of power projects, including solar, wind, hydroelectric and, recently, the Arctic's largest solar array. Mr. Stofer was awarded the Top 40 Under 40 in Vancouver, Canada, for his business achievements.

Burak Tolga Terzi has been appointed as a vice-president and deputy general manager for the company. Mr. Terzi holds a bachelor of business administration and a master's degree in business administration and has over 17 years of experience in various management positions. Mr. Terzi previously worked for companies such as Valeura Energy Inc. in Turkey, Weatherford International, and SOCAR AQS (the State Oil Company of Azerbaijan Republic) in various roles. With extensive experience in the oil and gas industry, Mr. Terzi has held various roles across multiple companies, gaining comprehensive expertise in both commercial and technical aspects of the business. He has successfully managed and contributed to deep and shallow onshore and offshore drilling projects and underground gas storage projects, demonstrating a strong understanding of their operational and financial components. Additionally, Mr. Terzi has valuable experience in navigating complex challenges while ensuring cost-effective solutions and efficient execution.

Scott Lower, CPA, has been appointed as president of the company effective immediately. Mr. Lower has served in a consulting role for the company for several years primarily in the public markets space and was recently appointed as president of one of the company's subsidiaries, Park Place Energy. Mr. Lower holds his CPA designation and a bachelor of business administration from Simon Fraser University and has a background in finance and public markets.

The company additionally plans to create an advisory board consisting of industry veterans and seeks to add two more directors as part of its overall transitional plan in Q1 2025.

Mr. Stofer, interim CEO and chairman, remarked: "We would like to thank Mr. Halleran for his years of dedicated service as CEO in the early development of SASB and Trillion. We look forward to a transformational year for Trillion by ramping up production leveraging existing assets and acquiring additional assets. The company is committed to the process of new appointments to drive future growth and success for Trillion shareholders."

About Trillion Energy International Inc.

Trillion Energy is focused on oil and natural gas production for Europe and Turkey, with natural gas assets in Turkey. The company is 49-per-cent owner of the SASB natural gas field (a Black Sea natural gas development) and holds a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field.

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