Trillion Energy Secures Debentureholder Approval for Financial Restructuring

Trillion Energy International Inc. has successfully obtained approval from holders of its 12.0% convertible debentures for key financial amendments that will provide the company with enhanced financial stability. The company's debentureholders have agreed to extend the maturity date of their current financial instrument from April 30, 2025, to July 31, 2025, providing additional time for the company to manage its financial obligations. This extension represents a crucial step in Trillion Energy's broader financial strategy aimed at maintaining operational continuity while pursuing its energy development objectives.

As part of the approved changes, the company will settle $899,940 in accrued interest by issuing 27,270,910 common shares at a price of $0.033 per share. Additionally, debentureholders will receive an $85,000 extension fee in the form of shares, further aligning investor interests with the company's long-term success. Separately, Trillion Energy plans to issue 1,735,000 shares to resolve $57,255 of consultant debt, demonstrating a comprehensive approach to debt management across multiple financial obligations. These share issuances are contingent upon receiving necessary regulatory approvals, though the company anticipates smooth processing given the broad support from debentureholders.

The strategic debt management approach allows the company to restructure its financial obligations while preserving cash resources for critical operational needs. This financial restructuring comes at a pivotal time for Trillion Energy as it continues to develop its energy assets in strategic European markets. The company maintains a significant presence in the region's energy sector, holding substantial interests in key production areas that require sustained investment and financial stability to maximize their potential.

Trillion Energy is primarily focused on oil and natural gas production in Europe and Türkiye, with the company holding a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field. These assets represent important components of Europe's energy infrastructure and contribute to regional energy security. The successful debt settlement demonstrates the company's ongoing efforts to maintain financial flexibility while pursuing its exploration and production objectives in the region, ensuring that development activities can continue without interruption from financial constraints.

The approval from debentureholders signals strong investor confidence in Trillion Energy's strategic direction and operational capabilities. By converting debt obligations to equity, the company strengthens its balance sheet while providing investors with direct participation in the company's future growth. This financial restructuring positions Trillion Energy to capitalize on opportunities in the evolving European energy market while maintaining its commitment to responsible resource development and shareholder value creation.