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. The company's debentureholders have agreed to extend the maturity date of their current financial instrument from April 30, 2025, to July 31, 2025. This extension provides the company with additional time to manage its financial obligations while continuing operations in its European energy assets.

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. Separately, Trillion Energy plans to issue 1,735,000 shares to resolve $57,255 of consultant debt. These share issuances are contingent upon receiving necessary regulatory approvals from relevant financial authorities.

The strategic debt management approach allows the company to restructure its financial obligations while preserving cash resources. This financial restructuring demonstrates Trillion Energy's ongoing efforts to maintain financial flexibility while pursuing its exploration and production objectives in the region. The company's primary focus remains on oil and natural gas production in Europe and Türkiye, where it maintains significant energy assets.

Trillion Energy holds 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 substantial energy resources that require continued investment and operational funding. The successful debt restructuring through share-based settlements enables the company to allocate more capital toward development activities in these key production areas. The ability to convert debt obligations into equity demonstrates investor confidence in the company's long-term prospects and strategic direction in the European energy sector.