Trillion Energy announced a name change to “Dune Oil Corp.” (the “Name Change”), which will be effective on August 4, 2026. The name change reflects the Company’s strategic pivot to oil development and exploration, representing a new direction for the Company.

The Company’s new trading symbol will be “DUNE” on the Canadian Securities Exchange (the “CSE”).  The new CUSIP number for the Company’s common shares will be 265342105 and the new ISIN will be CA2653421057.

The Company has been advised by the CSE that the common shares will commence trading under the new name and new trading symbol effective at the opening of trading on August 4, 2026.

The Name change will not affect the rights of the Company’s shareholders.  There will be no consolidation of capital associated with the Name Change.  Shareholders will not be required to take any action in connection with the Name Change.  Issued certificates representing common shares in the capital of the Company will not be affected by the Name Change and will not need to be exchanged.

Private Placement Update

The Company also announces that, further to its previously announced non-brokered private placement (the “Offering”), as described in the Company’s April 17, 2026 and June 9, 2026 news releases, it has closed another tranche with the issuance of 1,030,000 units (the “Units”) at $0.15 per unit for gross proceeds of CAD$154,500 and settled CAD$168,085.35 in outstanding debt with arm’s length parties with the issuance of 1,120,569 Units.  Each Unit is comprised of one common share of the Company (each, a “Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”), with each Warrant exercisable at a price of CAD$0.25 per share for a period of one year from the date of issuance.

The Shares and Warrants issued in connection with this tranche of the Offering are subject to a hold period until November 21, 2026, in accordance with applicable securities laws and the policies of the CSE. The Offering remains subject to any applicable approval of the CSE.

Proceeds from the Offering will be used to fund contractual work program obligations on the M47 Concession, toward which the Company has paid a total of US$800,000 towards work commitments, audit and general corporate purposes, investor relations activities, the expenses of the Offering, and general working capital.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.