An anonymous director reports

TRILLION ENERGY ANNOUNCES ELECTION TO ISSUE COMMON SHARES IN SATISFACTION OF CONVERTIBLE DEBENTURE INTEREST PAYMENT OBLIGATIONS AND SHARES FOR DEBT SETTLEMENT

Trillion Energy International Inc., in accordance with the terms of a debenture indenture entered into between the company and Odyssey Trust Company dated April 20, 2023, as supplemented by the first supplemental debenture indenture dated as of Sept. 14, 2023, governing the 12.0 per cent convertible debentures of the company (aggregate principal amount of $15-million) maturing on April 30, 2025, holders representing at least 66-2/3 per cent of the principal amount of the convertible debentures signed an extraordinary resolution dated April 23, 2025, consenting to: (i) receiving an aggregate of 27,270,910 common shares of the company at 3.3 cents per share in lieu of cash in satisfaction of an aggregate total of $899,940 accrued interest, as of April 30, 2025, payable to all debentureholders of the convertible debentures due on April 30, 2025; (ii) authorizing the company and Odyssey to enter into a second supplemental debenture indenture to amend the maturity date of the convertible debentures from April 30, 2025, to July 31, 2025; (iii) agreed that the convertible debentures will continue to bear interest from May 1, 2025, to July 31, 2025, at a rate of 12 per cent per annum payable in cash; and (iv) agreed that as a result of the amendment to the maturity date of the convertible debentures, the debentureholders will receive an extension fee in the aggregate amount of $85,000 payable in common shares of the company at price of 3.3 cents per share.

The issuance of the common shares in lieu of cash is subject to the terms and conditions of the indenture and the second supplemental indenture as well as the receipt of all requisite approvals, including, without limitation, the approval of the Canadian Securities Exchange.

Debt settlements

The company also announces that it proposes to issue an aggregate of 1,735,000 common shares of the company at 3.3 cents per share in settlement of $57,255 in debt owed by the company to consultants of the company.

About Trillion Energy International Inc.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkiye and Bulgaria. The company is 49 per cent owner of the SASB natural gas field, one of the Black Sea's first and largest-scale natural gas development projects; a 19.6 per cent (except three wells with 9.8 per cent) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property.

We seek Safe Harbor.