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Corporate

Presentation

CSE : TCF

OTC : TCFF

FSX : 3P2N

Trillion’s Akçakoca Gas Production Platform, SASB gas field, Black Sea, (49% ownership)

www.trillionenergy.com

Q2 2020

2Copyright Statement 2

Important InformationCertain information in this presentation may constitute "forward-looking" information which involves known and unknown risks, uncertainties, and other factors which may cause the actual results,performance or achievements of Trillion Energy Inc. (“Trillion”), or industry results, to be materially different from any future results, performance or achievements expressed or implied by suchforward-looking information. When used in this presentation, such information uses words such as "may", "will", "could", "would", "expect", "believe", "plan", "intend" “estimate(s)” and other similarterminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this presentation. Forward-looking information involvessignificant risks and uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achievedand accordingly undue reliance should not be put on such statement. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information.Although the forward-looking information contained in this presentation is based upon what management of Trillion Energy believes are reasonable estimates and assumptions, Trillion Energy cannotassure readers that actual results will be consistent with the forward-looking information. In particular, this presentation contains forward-looking information pertaining to the following: the treatment ofTrillion Energy under the Government of Turkey's regulatory regimes and laws; the outcome of commercial negotiations; drilling and completion of wells, flow rates of wells; gas recoverable fromwells; facilities costs and the timing and method of funding thereof; timing of development of undeveloped reserves; Trillion Energy future oil and natural gas production levels; the future performanceand characteristics of Trillion Energy's oil and natural gas properties; the estimated size of Trillion Energy's potential oil and natural gas reserves; the recoverability of natural gas reserves andresources; projections of market prices and costs; supply and demand for oil and natural gas; expectations regarding the ability to raise capital and to continually add to reserves through acquisitions,exploration and development activities; and future capital expenditure programs and the timing and method of financing thereof.

With respect to estimates and forward-looking information contained in this presentation, Trillion Energy has made assumptions regarding, among other things: acquiring sufficient funding to close theacquisition of the Turkish assets in a timely manner, regulatory approval for the acquisition, future prices for natural gas; the gas recovery rates and economics thereof; gas content andconcentrations; permeability; Trillion Energy's ability to generate sufficient cash flow from operations, access to debt and/or equity financing to meet its future obligations; the regulatory framework inTurkey in which Trillion Energy expects to conduct its business; and Trillion Energy's ability to obtain qualified staff and equipment in a timely and cost-efficient manner. Projections are based on theassumption that funding is received to close the acquisition and future work programs and that future work programs as described herein occur in a timely manner.

The actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth below and elsewhere in this presentation: volatility in marketprices for oil and natural gas; the potential for the return of conditions persisting during the recent global crisis and economic downturn; liabilities inherent in oil and gas operations; uncertaintiesassociated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of thevalue of acquisitions; geological, technical, drilling and processing problems; fluctuations in foreign exchange or interest rates and stock market volatility; changes in the laws or application thereof bythe Government of Turkey, including tax and environmental requirements; business plans and strategies; capital expenditure programs and the timing and method of financing thereof; the ability ofTrillion Energy to achieve drilling success consistent with management's expectations; operating costs; net present values of future net revenues from reserves; future production levels of the TrillionEnergy's assets; timing and bringing on production; expected plans and costs of drilling; drilling inventory and presence of oil pools or gas accumulations; projections of costs; supply and demand foroil and natural gas; ability and cost of increasing plant capacity; expected levels of royalty rates, operating costs, general and administrative costs, cost of services and other costs and expenses;expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development and other factors discussed in Item 1A of our 2016 Form 10Kand other filings.

The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do notundertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statementscontained in this document are expressly qualified by this cautionary statement.


Important InformationNotes To Disclosure of Reserves and Resources:

Statements made herein regarding Reserves, Prospective Resources, Net Present Value (NPV), Discovered petroleum initially-in-place, UPIIP, DPIIP for the SASBProject were derived from the (draft) report titled “RESOURCES ASSESSMENT AND EVALUATION OF SOUTH AKCOKOCA SUB BASIN” prepared by GLJ PetroleumConsultants having an effective date of December 31, 2019 “GLJ Report” .

"Total Petroleum Initially In Place" means DPIIP + UPIIP. When calculating DPIIP, there is no material production or reserves associated with these properties. Contingent resourcesis the only category of DPIIP that has been categorized as recoverable. Prospective resources is the only category of UPIIP that has been categorized as recoverable. There is nocertainty that it will be commercially viable to produce any portion of the contingent resources referred to in the tables above. There is no certainty that any portion of the prospective resourcesreferred to in the tables above will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of these resources. (2) Certain volumes arearithmetic sums of multiple estimates of contingent & prospective resources, which statistical principles indicate may be misleading as to volumes that may actually be recovered.Readers should give attention to the estimates of individual classes of resources and appreciate the differing probabilities of recovery associated with each class as explained herein.

WI means Working Interest in the SASB Project. Our current working interest is 49% of the SASB Project. TPAO currently has the other 51% working interest. 100 % WI means the total workinginterest of all parties in the SASB Project.

“Proven” reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. There is a 90% probability that the actual remaining quantities recovered will equal orexceed the estimated proved reserves. “Probable” reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remainingquantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. “Possible” reserves are those additional reserves that are less certain to be recovered thanprobable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. "Discovered petroleum initially-in-place" or "discovered resources“ or "DPIIP“ Definition: That quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production. The recoverableportion of discovered petroleum initially-in -place includes production, reserves and contingent resources; the remainder is unrecoverable.

“Developed” reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure to putthe reserves on production. “Developed Producing” reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may becurrently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty. “Developed Non-Producing”reserves are those reserves that either have not been on production, or have previously been on production, but are shut-in, and the date of resumption of production is unknown. “Undeveloped”reserves are those reserves expected to be recovered from known accumulations where a significant expenditure is required to render them capable of production. They must fully meet therequirements of the reserves classification (proved, probable) to which they are assigned. P = proven undeveloped, PP = Proven + Probable undeveloped, PPP = Prove + Probable + Possibleundeveloped "Prospective resources“ Definition: Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of futuredevelopment projects. Prospective resources have both an associated chance of discovery and a chance of development.

"Total petroleum initially-in-place", "total resources" or "TPIIP“ Definition: That quantity of petroleum that is estimated to exist originally in naturally occurring accumulations; equal to DPIIP plus UPIIP.It includes that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations, prior to production, plus those estimated quantities in accumulations yet to bediscovered.

"Undiscovered petroleum initially-in-place", "undiscovered resources" or "UPIIP“ Definition: That quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to bediscovered. The recoverable portion of undiscovered petroleum initially-in -place is referred to as prospective resources; the remainder is unrecoverable.


Company Highlights

• Black Sea Natural Gas Project “SASB”

• 49% interest -joint operating committee runs project

• First development between 2007-2012 resulting in 41 Billion Cubic Feet (BCF) gas (US$301m**) produced to date

• Future development of 14 more wells planned which is expected to ramp up of revenue

• Recent 2020 GLJ Petroleum Consultants* report evaluated SASB as follows:

– Total Petroleum Initially In Place = 183.8 Billion Cubic Feet (BCF) of Gas (excluding past production)*

– 2P Reserves = 41 BCF (100% interest), Company’s 49% = 20 BCF; NPV 10 Reserves = US $79m (CND$1.28/Share P2 Reserves)

– Prospective Resources = 76.56 BCF (risked -100%), Company’s 49% interest = 37.5 BCF; NPV10 = US $153.9m

– NPV 10 Reserves = US $127m (49% interest)

• High regional Natural Gas Prices up to US $7.50 /MCF

• Vranino Unconventional Natural Gas Play, Bulgaria, up to 1TCF gas unrisked***

• Derecik oil exploration block licence, South Turkey


**GLJ Report, December 31, 2019 **based on current market prices ***Netherland Sewell report 2017

SASB natural gas development project, Black Sea, Turkey “SASB”

Blue Sky Exploration Blocks

Posed for Substantial Growth as Black Sea Project Phases III &IV come online 2020-2022

Cendere Oil field, profitable stable production, significant reserves


Corporate Snapshot

Capital Structure (as of March 1, 2020)

CSE Symbol

OTC Symbol

FSX Symbol

TCF

TCFF

3P2N

Common shares issued & outstanding87,628,966

Warrants (@ $0.30) 19,389,961

Stock Options 8,250,000

Total common shares (fully diluted) 97,620,966

Insiders ownership (fully diluted) 11,132,651

Recent share price$0.15

Capital raised to Sept 30, 2019 US $26.6m

Directors and Management Ownership 12.7%

409 – 221 W. Esplanade, North

Vancouver BC V7M 3J3

(General: 604.973.0579

Fax: 604.973.0280

Odyssey Trust Company 323-409 Granville St | Vancouver BC | V6C 1T2 P: 778.819.1183 I F: 800.517.4553 www.odysseytrust.com

Pacific Stock Transfer Company

6725 Via Austi Pkwy, Suite 300

Las Vegas, Nevada 89119

Professional Advisors

Legal

Audit (Canada & Turkey)

Exchange & Transfer Agents (Canadian & USA)

Suite 1140 - 1185 West Georgia Street,

Vancouver B.C., V6E 4E6


Price Waterhouse Coopers

Atatürk Bulvarı,

Celal Bayar İş Merkezi

No:211/18 Kat:6 06680

Kavaklıdere

Ankara-Turkey

Experienced Management

Arthur Halleran PHD – 30 years experience oil & gas plays including founder

of Canacol Energy TSX-V:CNE stock price: $4.27- CND $750m mkt cap

David Thompson CMA –formerly of Sea Dragon Energy Inc.

(London exchange: SDX 21.00 GBP)

https://www.thecse.com/en


Operations HQ

IRAQ

IRA

N

Project Locations –Turkey & the Black Sea

7Copyright Statement 7www.trillionenergy.com

• Gas prices in Turkey tied to

European gas prices

• Recent gas price adjustments to

us increased prices 15% to US

$7.60 net sale price per MCF

• 12.5% Royalty; 22% Corp tax

Strong Regional Gas Prices

World Energy Production

Our Focus is Natural Gas in Turkey Strong Macro-economic & Regional Fundamentals for Natural Gas Energy


Natural Gas Prices in Turkey Vs. North Americad

Recent Turkey Gas Prices US $7.60 Vs. North America US $2.30 /MCF


Cayagzi Gas

Processing Plant

Copyright Statement 9

cImage: Akcakoca Production Platform, one of four production platforms owned 49% by Trillion located at the SASB Natural Gas Field, Turkey

Our Flagship Project Black Sea Natural Gas Development Project “SASB” (Turkey)

• Profitable mature, natural gas development

• Successful Phase I & II development -produced 41 Billion

Cubic Feet (BCF) natural gas since 2007

• US $608m infrastructure in place of which US $186m

invested by our subsidiary PPETC

• Engineering report prepared by GLJ Petroleum in 2020

evaluated natural gas reserves as:

• 2P Reserves = 20 BCF, 49% WI (41BCF 100% WI)

• Prospective = 37.5 BCF 49% WI (76.56BCF 100% WI)

• NPV 10 of 2P Reserves US $78m (49% WI)

• Our Interest is 49% of the Play

• Expected to be profitable as production ramps up

• 12,387 Hectare lease licensed & permitted to 2031



Black Sea Gas Field, Phase I & II Development OverviewInitial Gas Field development occurred between 2004 – 2012

• Shallow water, drilled using jack-up rig

• 17 wells drilled during Phase I

• Three offshore platforms installed during Phase I

• 6 Wells drilled during Phase II and one offshore platform

installed (Akcakoca)

• 82% success rate in drilling on 3-D seismic prospects

• 10 wells tied into pipeline from four offshore platforms

• 41 BCF of Gas produced from 2007 to date (100%) having a value

at current gas prices (US$7.60) of USD $311m

• Trillion through PPETL historically had a 36.75% interest in the field;

in 2017 our interest increased to 49% of SASB

• Gross Gas Production from the 10 wells has declined since 2012,

workovers and new wells are required to significantly increased

production from the field to realize potential

• Production Lease covered by 300km2 3D and 2275 KM of 2D

• Good quality, high resolution, survey with gas-bearing sands

indicated, additional amplitude supported, structural &

stratigraphic traps identified

• 3D Reprocessing to occur in 2020 in contemplation of Phase

IV drillings identified by 3D


3D and 2D Seismic generated pre-2008

• 8 natural gas prospects defined by 3D seismic contain a

best estimated P50 76.5 BCF of recoverable and will be

drilled in Phase III & IV

• 5 new gas wells (undeveloped discoveries) + recompletions

of existing wells with best estimated 40.1 BCF recoverable

gas (value US $300m+) to be brought into production in

Phase III development

23 Wells drilled between 2004 & 2012

Several Discoveries & 3-D Seismic indicated

prospects left for future development

10 wells put into production (2008 – 2012)


Image: 2D & 300 KM 3D Seismic lines over concession area, North Western Black Sea, South Akcakoca Sub-Basin


Windowed Seismic Characteristics 3D Seismic Covers 100% of lease

3D Top Akcakoca Depth Map

Top Akcakoca Depth Map

Deviated wells drilled from

Akcakoca Platform using 3D

82% + Drilling Success Rate on SASB License AreaAll natural gas discoveries were made by targets identified using 3-D Seismic

• 3D Seismic covers 100% of license area and beyond (300km2)

• All present discoveries based on AVO anomalies on 3D seismic – multi layered sandstone (Eocene KusuriAkcacoca sandstone)

• Of the 23 wells drilled based on 3D seismic, 20 tested positive for natural gas

• The 3D seismic processing is 10 + years old now and Company plans to reprocess seismic using more advanced technology to refine drilling targets to improve success rate

• At present, there are 8 prospects identified using 3D seismic for drilling, which will be refined by 3D reprocessing and drilled during Phase III / IV (see page 14 herein)

• Most likely case is the prospects identified using 3D will yield 76.4 BCF in recoverable gas (100%)

• Most targets are at about 90m water depth


SASB Natural Gas Project Map & Photos Extensive Infrastructure Built during Phase I & II (2004 - 2012)

(Water Depth)

Four Phase Development Plan– 2 Phases completed to

date. Existing Phase I & II infrastructure is shown below:

Akçakoca Cayagzi Onshore Gas

Processing Facility

18 Km of subsea

pipeline installed

Dogu Ayazli Platform*

(1 of 4 platforms)

Cayagzi Onshore Gas

Processing Plant*

23 wells, four

platforms*

12,387 Hectare Development Lease

Licensed & Permitted to 2031*

US $608m* CAPEX

invested to date (100%)

Phase I/II


*Trillion’s interest is 49% Interest in the SASB Gas Field. Of the $608 million Capex expended to date, $180m were contributed by Trillion’s 100 % owned subsidiary, Park Place Energy Turkey Limited.

Phase I

• 17 Wells drilled

• 3 tripods installed

• 7 wells put on

production

Phase II

• 6 wells drilled

• Akcakoca platform

installed

• 3 wells put on production


Details:

• Trillion’s 100% owned subsidiary

PPETL invested US $186m* of the

total US $608 million CAPEX

• Substantial infrastructure built 2007-

2012, including: 23 wells, gas

pipelines, gas processing plants,

offshore platforms

• 41 BCF Gas produced from this

investment to date

• No reinvestment /development has

occurred since 2012; the project now

requires further CAPEX for Phases III

and IV to be expended

Black Sea Natural Gas Field – Phase I /II Dev Costs

CAPEX/Cost Item Cost (100%)

Seabed surveys (2D Seismic 2002 3D Seismic 2004-5 2D Shallow

Seismic, 2D Seismic 2005-6, Akçakoca Pipeline Survey, Akçakoca,

Soil Boring, 2D Seismic 2008)

$ 15,487,607

Well Drilling (2008) (Ayazlı # 1 – 5, Akkaya # 1 – 3, Akcakoca #1-4,

Çayağzı, Doğu Ayazlı # 1, North Akkaya, Batı Eskikale, Alapli # 1,

Bayhanlı # 1, Guluc # 1 etc.)

$ 238,340,515

Well Drilling (2011) (Dogu Akkaya 1, Bati Ayazli 1, Bati Ayazli 2,

Akcakoca # 5, South Akcakoca #1)

$ 62,293,343

Production Platform Construction (2008 - 2012) Akkaya, Ayazlı,

Akçakoca, East Ayazlı, Akcakoca Platform (2011)

$ 195,683,961

Onshore infrastructure (pipeline and gas plant) (2008) Offshore

Pipeline, Onshore Facility, Process Plant Start Up, Onshore Pipeline.

$ 96,948,017

TOTAL PROJECT CAPEX INVESTED TO DATE (100%) $ 608,753,443*

81% of the total US $750m SASB Project Dev Costs (100% interest) have

been incurred to date in Phases I & II, as follows:


*Capex of $608m includes funds contributed by Trillion’s 100 % owned subsidiary, Park Place Energy Turkey Limited, and other interest holders over time since

commencement of the project. Park Place Energy Turkey Limited contributed $186m


SASB Gas Field Future Development Costs

Details:

• TOTAL CAPEX for Phases III & IV is

US$140M, currently we are responsible for

49% of this amt = US $68.7m.

• ACTUAL CAPITAL REQUIRED IS MUCH

LOWER = US $26.7m (for our 49%), as the

remainder of dev. costs will be paid for through

cash-flow from production brought on-line

during the first 18 months and development is

staged over a 2 yr time frame

• PHASE III/ IV DEV COSTS INCLUDE: 14 new

wells, subsea tie-ins to existing platforms and

recompletions of existing producing wells

• POTENTIAL REVENUE STREAM based on

116 BCF over life of project (100% interest),

could exceed $1b

CAPEX Phase III -2020 to 2021 Cost (100%)

Seismic reprocessing $ 500,000

Mobilize and demobilize Rig

Drill 4 additional wells

1,540,000

31,000,000

Recomplete Mid-ESKIKALE Well

Subsea-tie back to pipeline and Akçakoca Platform

4,500,000

12,500,000

Well Recompletions 3,500,000

Total $ 53,540,000


Future Dev Costs are US $140m for Phase III & IV (100%):

CAPEX Phase IV -2021 to 2022 Cost (100%)

Mobilize and demobilize Rig

Drill 10 additional wells

$ 1,350,000

80,000,000

Offshore Platform modifications $5,000,000

Total $ 86,350,000

Our portion of Capex cost is 49% of total

15Copyright Statement 15www.trillionenergy.com

Developed and

Producing wells

Drilled & Tested Structures

Drilling Targets Identified using 3D

Mid-Eskikale Well (8.56

BCF ***)

GULUC-2 Well (4.27 BCF ***)

ALAPLI -2 Well

(3.47 BCF ***)

BAYHANLI -1 (8.49 BCF ***)

S

East & West Eskikele,

34.5 BCF*

South Akçakoca

26.2 BCF*

Bayhanli North

41.8 BCF*

Akçakoca-3, 5 Wells (9.67

BCF ***)

GULUC North

17.7 BCF*

*Green = Location of

Phase IV

Planned Wells (10)

**Tan = Prior Discoveries

/Wells to be put into

production in Phase III

*All figures are BCF. Prospective natural gas resources are UPIIP for 100%* interest, unrisked, net recovery unless otherwise indicated. Under the existing lease, we have a 49% interest in the

Proven, probable and possible reserves and prospective gas resources. Figures used are the most likely assessed case. See GLJ Petroleum report effective December 31 2019 for reserves and

June 30 2019 for prospective resources. Further information which is available upon request. See pages 2,3 herein, for further details, definitions and disclaimer regarding future looking statements.

Akçakoca -614.2 BCF*

AKKAYA -1A Well

(5.86 BCF ***)

SASB Gas Field –Phase III & IV Development MapHighlights of Undeveloped Discoveries & Prospect Resources


SASB Gas Field – Future Development Timeline


Phase III Drilling

Development of discoveries with

proven reserves and high impact

prospects:

• Recomplete three existing producing

wells to recover 15.5 BCF Gas

• Redrill undeveloped discoveries at Guluc,

Alapli, Bayhanli & mid-Eskikale -

recoverable 24.8 BCF

Phase IV

2020 2020 -2021 2021 - 2022

Planning & Pre-work

Program Tasks

Potentially acquire

additional 51% of

SASB to bring total

ownership to 100%

Secure Debt Financing

for Phase III/IV

Finalize development

program

Production from Phase III expected to commence mid-2020 which will yield substantial cash-flow to enable us to

fund Phase IV development and drillings without further capital raising.

Work generally consists of drilling field

extensions and prospects identified by 3-D

seismic to which we have an 82% success

rate & related pipeline tie-ins

Development of several additional high

impact prospects and discoveries:

• Drill wells to further delineate the

discoveries at Bayhanli and Eskikale (West

and East)

• Drill exploration wells at Akcakoca South

Akcakoca-6 and Guluc North

• c


Our Other Oil & Gas Assets -Overview

• Profitable, positive cash-flow oil

field

• 135 bopd net production;

$234K/month net revenue to us

• We have a 19.6% Interest (except 3

wells=9.8%) ;

• long expected oil field life span

• NPV10% (Dec 31, 2018) Proven +

Probable is valued at $6 million*

total based on future production of

$13+ Million (our interest)

Cendere Oil Field (Turkey)

• 42,833 Hectares Oil Exploration

Block (100% interest)

• Extension of Iraq Zagros Basin into

Turkey - Proximate to several world

class oil fields located in Northern

IRAQ

• 2D seismic completed - several

leads and structures identified

• Requires exploration well(s) to be

drilled

Derecik Oil Exploration

(Turkey)

• 38,663 Hectares, Potentially 1 Tcf of

gas in place –unrisked -100%

interest

• Tight coal bed methane and sands

• Over 200 + historical resource

exploration wells drilled prior to our

receiving the block

• Exploration well to be drilled and or

re-entries to occur during 2023

Vranino 1 – 11 (Bulgaria)



Cendere Oil Field, TurkeyLong Term, $ Profitable, Low Cost Oil Production

Structure contours on Top Mardin Group oil reservoir (TVDSS)

Trillion has a 19.6% Interest (except 3 wells in which our interest is

9.8%) in this stable, profitable oil field, which net Trillion USD $138k

per month after operating costs

Long term production reserves & cash flow expected

Oil Reserves are 1.5 million barrels (0.277 million barrels net

Trillion Energy) which remain to produce. Our share of current

production nets us 127 barrels of oil per day after operating costs.

Gross Value of Trillion’s interest in proven oil reserves = USD $13.85

million (undiscounted) in the Cendere field

Currently evaluating horizontals wells and new vertical wells for

field extension and substantial 5x production increase

K. Karakus Oil

Field, contiguous

with Cendere

Trillion Energy

Land Block

• 45 MM barrels of Oil originally in Place (OIP) (100%)

• 20.7 MM barrels of oil cumulative production (100%)



Derecik Licence, Turkey -OverviewHigh Impact Oil Field Prospect in the Oil Rich, Zagros Basin Fold & Thrust Belt

Trillion

Energy

Marathon Mirawa-

1 Discovery: 2013

3 DST each from 3,200

to 3,900 bopd

1 DST 20-30 MMcf/d

1 DST 1,700 bbls

condensate

Lies within NW extension of

Zagros fold & thrust belt which

has some of the largest oil

reserves in the world (IRAQI

side)

Geologically similar to areas of

NE Iraq and W Iran where very

large oil fields are producing

Fiscal Terms are only 12.5%

royalty and 2.5% GOR

42,833 Hectares licence area

Prospective Resource: Est. 1b

barrels (unrisked) (7 leads

identified)

Monte Carlo Simulated MMBbls (Un-risked)

P90 P50 P10Swanson’s

Mean

Prospect

“A”

Jurassic

15.9 30.8 54.1 33.3

Prospect

“A”

Triassic

28.3 52.1 92.4 57.0

Prospect

“A” Sub-

thrust

16.3 30.5 52.7 32.9

Prospect

“B” Cretaceous

29.8 57.3 92.8 59.7

Prospect

“B”

Jurassic

33.8 59.5 96.5 62.9

Prospect

“B”

Triassic

46.9 82.2 136.0 87.8

Northern



Derecik Licence, Turkey Exploration Potential proximate to several major discoveries

Turkey

Northern Iraq

Zagros Basin

504,000,000 bbls 2P

(unrisked)

107,300 bopd

Expected production

30,000 bopd

639,000,000 bbls 2P

12.5 to 13 billion bbls in

place

Trillion Energy

Derecik Block

Our Prospect #6

Our Prospect #3

Prospect 6 Prospect 3


Th

ird

Part

y M

ajo

r D

isco

veri

es


Vranino Gas Exploration Licence, Bulgaria1-11 Block, CBM natural gas exploration play

World Class Resource Potential

100% interest in 98,205 acres (397

km2) license in NE Bulgaria for CBM

May contain up to 1 TCF natural

gas in place (un-risked) – per

Netherland & Sewell report Natural gas charged coal seams in

concentrated area of license present

opportunity for Coalbed Methane

(CBM) play

Anticipating regulatory approval to

commence operations in 2020

High Average Net Coal Footage per Well Ready Market

Over 60 substantial gas charged coal

seams

Depth ranges 1200-2200m

Potential for horizontal lateral wells

Gas pipeline connection within 15km

Excellent fiscal terms

High gas demand, high gas prices

(>$8/mcf)

Extensive Data map

Over 220 wells drilled 1960-1990 to assess deep coal mining potential and which identified

significant natural gas deposits



Our Projects Development History, Milestones & Timelines

Other Milestones /History Future MilestonesSASB Project Development History

Turkey2004 -2012 Phase I&II Development of the

offshore gas field in the Black Sea “SASB” occurs,

where our subsidiary PPETL invested US $186m+

for a 36.75% interest (others invest the balance,

for a total CAPEX of US $608million)

2007 – present, SASB gas field produces 41+/-

BCF Natural Gas (100%) from Phases I & II

2017/18 – Trillion acquires 100% of PPETL and

then increases its interest in the SASB Gas Field

from 36.75% to 49% through PPETL

2018 /19 - $4m Capital Raises completed at $.10 to

$.15 per share

2020 – Listing on CSE stock exchange effective

Feb, 2020

O 2020 - Phase III redevelopment the SASB gas

field, resulting in ramp up of production & cash-flow

O 2019 Complete project financing for SASB,

increase our interest from 49% to 100% of Project

2021 Drill exploration well Turkey Derecik license

2023 Drill exploration well Bulgaria license

O 2021 Phase IV development of SASB gas field

occurs, with drilling of new wells identified by 3-D

SeismicBulgaria

2010 - Awarded permit for 100% of the Vranino

1-11 License

2017 - License agreement for natural gas

exploration project signed

2018 - Work commenced on environmental

assessment which is ongoing

2019 - Trillion completes SASB data evaluation for

Phase III /IV of the SASB gas field development

Corporate


Long-Term Plans


PhotoPhoto

Directors & Management Team

Dr. Arthur Halleran,

President, CEO

& Director

Dr. Halleran has served as a director of the Company since October 4,

2011. He has a Ph.D. in Geology from the University of Calgary, and

has 38 years of petroleum exploration and development experience.

His international experience includes countries such as Canada,

Colombia, Egypt, India, Guinea, Sierra Leone, Sudan, Suriname,

Chile, Brazil, Bulgaria, Turkey, Pakistan, Peru, Tunisia, Trinidad

Tobago, Argentina, Ecuador and Guyana. Dr. Halleran’s has worked for

Petro-Canada, Chevron, Rally Energy, Canacol Energy and United

Hydrocarbon International Corp. In 2007, Dr. Halleran founded Canacol

Energy Ltd., a company with petroleum and natural gas exploration

and development activities in Colombia, Brazil and Guyana (TSX:CNE,

$4.25; CND$750m market valuation as at Oct 15 2019) a company

which made a billion dollar natural gas discovery in Columbia.

Mr. Thompson has thirty (30) years of financial experience in the oil

and gas industry. He successfully founded an oil trading company in

Bermuda with offices in the U.S. and Europe and was responsible

for the company’s Turkmenistan production operations in the

Lhamov and Zhdanoy oil fields (offshore Caspian Sea - part of

Turkmenistan project) which discovered producing reserves of

365m barrels oil and 2 TCF gas and successfully raised over $100

million in equity. He is Managing Director of AMS Limited; a

Bermuda based Management Company. He has served as

Founder, President and CEO of Sea Dragon Energy Inc. (London

exchange: SDX 21.00 GBP), Financial Director of Forum Energy

Plc (AIM) and SVP at Larmag Group of Companies. Mr. Thompson

is a Certified Management Accountant (1998).

David Thompson,

Chief Financial Officer

& Director



Directors & Management Team

Ozge Karalli – Finance

Director (Turkey)Mrs. Karalli began her career in Deloitte

as tax compliance auditor where she

was also audit senior and supervisor

between 1998 and 2004. She joined

Toreador in 2004 as Accounting

Manager and Financial Controller,

before becoming the Finance Director of

Tiway Oil in 2010. Mrs. Karalli has a

Bachelor of Economics degree

from Bilkent University and has been a

Chartered Public Accountant in

Turkey since 2002.

Kubilay Yildirim – General Manager

(Turkey), DirectorMr. Yildirim has over the past 22 years had hands on

experience in drilling, production, seismic acquisition,

and logistics for both onshore and offshore projects in

Turkey. He has spent most of career with this company

and its predecessor companies: Madison, Toreador

and Tiway.

He has also been involved in sales and divestitures of

assets and has taken on significantly more managerial

positions until being promoted to General Manager in

2009. Mr. Yildirim has a degree in Petroleum and

Natural Gas Engineering from Middle East Technical

University and an MBA from Bilgi University in

Istanbul.

Dr. Barry Wood – Director,

Advisorwhich he led to new exploration fairways in Tanzania, Syria and

Egypt through the application of his research in reservoir formation.

Since 2008, his experience has also included senior advisory

positions with companies such as Dana Gas, NPC (Egypt), Sea

Dragon (Egypt), and Maurel et Prom (Tanzania), among others, in

establishing new offices, reviewing and recommending new

opportunities, preparing contracts and managing geological and

geophysical programs. Dr. Wood holds a D. Phil from Oxford

University and is a member of the Geological Society of London, The

Petroleum Exploration Society of Great Britain, and the American

Association of Petroleum Geologists.

Photo

Dr. Wood has over 45 years’

experience in the upstream oil

and gas industry, having spent

the core of his career with

Shell Canada and Marathon

International Oil Company.

With Marathon he directed

asset evaluations across

Southeast Asia and the

Afro/Arabian regions, and

drilling campaigns in Egypt

and Syria for over 16 years. In

1998 he founded PetroQuest

International SA a private

exploration and advisory firm



Contact

Trillion Energy © 2019 25

Admin office (Canada)Suite 700

838 West Hasting Street

Vancouver, BC V6C 0A6

Phone numbers & WebsiteCanada: 1-778-819-1585 Turkey +90 . 312 . 441 80 02 (pbx)

[email protected]

CEOArthur Halleran email: [email protected]

Cell: 1-250-996-4211

Head Office / Operations (Turkey)Turan Gunes Bulvari, Park Oran Ofis Plaza,

180-y, Daire:54, Kat:16, 06450,

Oran, Cankaya, Ankara, Turkey

Image: Drilling of Akçakoca well from offshore rig, SASB Gas Field, Turkey

General Manager, DirectorKubilay Yildirim email: [email protected]

General [email protected]


mailto:[email protected]

mailto:[email protected]

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