Mr. Sean Stofer reports

TRILLION ENERGY ANNOUNCES DEBT SETTLEMENTS

Trillion Energy International Inc. has proposed to issue an aggregate of 7,725,908 common shares of the company at five cents per share in settlement of $386,295.42 in debt owed by the company to directors, officers and consultants of the company. The common shares will be subject to a four-month-and-one-day hold period from the date of issuance as per applicable Canadian securities legislation.

In connection with the debt settlement, an aggregate of 3.9 million common shares of the company is being issued for certain management services from directors and officers of the company.

The insider settlement is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related-party participation in the debt settlement based on that the fair market value of such insider participation does not exceed 25 per cent of the company's market capitalization.

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 a 19.6-per-cent (except three wells with 9.8 per cent) interest in the Cendere oil field.

We seek Safe Harbor.