Trillion Announces Closing of Debt Settlement

Source: www.gulfoilandgas.com 4/1/2021, Location: Europe

Trillion Energy International Inc. is pleased to announce that is has settled a total of $749,771.20 in outstanding debt through the issuance to certain creditors of 1,874,428 common shares in the capital of the Corporation (the "Common Shares"), at a deemed issue price of $0.40 per Common Share (the "Debt Settlement").

The securities issued in connection with the Debt Settlement will be subject to a 4 month hold period in accordance with applicable securities laws.

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