Trillion Energy International (TRLEF) 6-K 29 Nov 22 Current report (foreign) Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2022
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55539
Entity Registrant Name	TRILLION ENERGY INTERNATIONAL INC.
Entity Central Index Key	0001648636
Entity Address, Address Line One	Suite 700
Entity Address, Address Line Two	838 W. Hastings Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 0A6

Consolidated Interim Statements

Consolidated Interim Statements of Financial Position - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,634,040	$ 1,026,990	$ 1,465,568	$ 202,712
Amounts receivable	1,249,232	709,805		773,311
Prepaid expenses and deposits	3,621,576	95,503		24,302
Total current assets	16,504,848	1,832,298		1,000,325
Oil and gas properties, net	11,383,658	1,420,613		2,224,473
Evaluation and exploration assets	3,146,176	3,116,146		3,122,443
Property and equipment, net	219,652	147,134		128,257
Restricted cash	3,920	5,438		11,763
Total assets	31,258,254	6,521,629		6,487,261
Current liabilities:
Accounts payable and accrued liabilities	1,904,876	852,481		1,496,510
Loans payable	49,989	630,534		549,424
Lease liability	3,988	6,732		12,116
Total current liabilities	1,958,853	1,489,747		2,058,050
Asset retirement obligation	8,123,837	8,993,108		9,355,422
Loans payable	40,315	18,513		17,730
Convertible debt				11,027
Derivative liability	425,611	472,899		1,804,572
Lease liability	5,650	8,592		27,693
Total liabilities	10,554,266	10,982,859		13,274,494
Stockholders’ equity (deficiency):
Common stock	3,312	1,828		1,253
Share premium	58,489,325	32,175,293		26,331,369
Notes and amounts receivable for equity issued	(1,162,009)	(1,193,641)
Warrant and option reserve	5,367,087	1,040,779		1,177,099
Shares to be cancelled	7,661	5,323
Obligation to issue shares	1,203,496	7,450		15,342
Accumulated other comprehensive loss	(3,204,230)	(847,412)		(490,172)
Accumulated deficit	(40,000,654)	(35,650,850)		(33,822,124)
Total stockholders’ equity (deficiency)	20,703,988	(4,461,230)	$ (11,747,636)	(6,787,233)
Total liabilities and stockholders’ equity (deficiency)	$ 31,258,254	$ 6,521,629		$ 6,487,261

Consolidated Interim Statemen_2

Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Oil and gas revenue	$ 1,077,770	$ 879,207	$ 3,589,368	$ 2,837,024
Cost and expenses
Production	647,464	774,249	2,004,869	2,008,383
Depletion	62,888	109,445	211,761	343,158
Depreciation	12,541	6,982	56,517	20,790
Accretion of asset retirement obligation	64,402	23,037	147,307	68,864
Investor relations	151,474	70,721	511,576	794,295
Stock-based compensation	1,410,291		1,495,012	161,291
General and administrative	1,774,447	509,335	4,108,997	1,540,138
Total expenses	4,123,507	1,493,769	8,536,039	4,936,919
Loss before other income (expenses)	(3,045,737)	(614,562)	(4,946,671)	(2,099,895)
Other income (expense)
Interest income	8,992	16,520	44,067	27,450
Interest expense	(118)	(46,116)	(28,426)	(119,871)
Finance cost	(22,649)	(88,502)	(52,097)	(137,884)
Foreign exchange gain	907,864	(12,344)	1,236,484	(13,298)
Change in fair value of derivative liability	66,797	6,205,914	(294,373)	507,446
Provision for settlement agreement	(379,919)		(379,919)
Gain (loss) on debt settlement	(105)	(13,718)	71,131	(159,383)
Total other income (expense)	580,862	6,061,754	596,867	104,460
Net income (loss)	(2,464,875)	5,447,192	(4,349,804)	(1,995,435)
Other comprehensive income (loss)
Foreign currency translation	(1,631,932)	66,194	(2,356,818)	(119,650)
Comprehensive income (loss)	$ (4,096,807)	$ 5,513,386	$ (6,706,622)	$ (2,115,085)
Loss per share – Basic and diluted	$ (0.01)	$ 0.04	$ (0.01)	$ (0.01)
Weighted average shares outstanding – Basic and diluted	371,531,909	150,439,108	290,281,681	178,410,202

Consolidated Interim Statemen_3

Consolidated Interim Statements of Stockholders' Deficiency (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Beginning balance			$ (4,461,230)	$ (6,787,233)
Issuance of common stock			31,351,120	253,205
Impact of change in functional currency			309,737
Stock issuance costs			(2,658,064)
Stock issued for debt settlement			372,853	255,578
Stock issued for services				765,576
Stock issued for prepaid services			118,491
RSU grants and vesting			112,510	36,900
Warrants exercised			641,935	2,493,988
Options exercised			71,343	136,971
Finder’s warrants issued
Stock to be issued for services			51,208
Equity to be issued for settlement agreement			223,893
RSUs to be issued			971,621
Conversion of debentures				522,519
Warrants issued for loan				152,751
Options issued			305,193	108,775
Warrants issued				15,616
Comprehensive loss	$ (4,096,807)	$ 5,513,386	(6,706,622)	(2,115,085)
Ending balance	20,703,988	(11,747,636)	20,703,988	(11,747,636)
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Beginning balance			$ 1,828	$ 1,253
Beginning balance, shares			185,169,793	125,339,156
Issuance of common stock			$ 1,405	$ 129
Issuance of common stock, shares			179,194,841	13,021,992
Stock issuance costs
Stock issued for debt settlement			$ 24	$ 54
Stock issued for debt settlement, shares			3,000,000	5,462,740
Stock issued for services				$ 31
Stock issued for services, shares				3,130,591
Stock issued for prepaid services			$ 7
Stock issued for prepaid services, shares			909,090
RSU grants and vesting			$ 6	$ 2
RSU grants and vesting, shares			700,000	150,000
Warrants exercised			$ 36	$ 237
Warrants exercised, shares			4,155,750	26,219,647
Options exercised			$ 6	$ 8
Options exercised, shares			725,000	780,000
Finder’s warrants issued
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Conversion of debentures				$ 22
Conversion of debentures, shares				2,160,000
Warrants issued for loan
Options issued
Warrants issued
Comprehensive loss
Ending balance	$ 3,312	$ 1,736	$ 3,312	$ 1,736
Ending balance, shares	373,854,474	176,264,126	373,854,474	176,264,126
Share premium [member]
IfrsStatementLineItems [Line Items]
Beginning balance			$ 32,175,293	$ 26,331,369
Issuance of common stock			29,096,180	268,418
Impact of change in functional currency
Stock issuance costs			(2,658,064)
Stock issued for debt settlement			390,997	255,524
Stock issued for services				765,545
Stock issued for prepaid services			118,484
RSU grants and vesting			92,165	36,898
Warrants exercised			936,689	2,478,870
Options exercised			120,141	300,729
Finder’s warrants issued			(1,782,560)
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Conversion of debentures				522,497
Warrants issued for loan				152,751
Options issued				108,775
Warrants issued				15,616
Comprehensive loss
Ending balance	$ 58,489,325	$ 31,236,992	58,489,325	31,236,992
Warrant and option reserve [member]
IfrsStatementLineItems [Line Items]
Beginning balance			1,040,779	1,177,099
Issuance of common stock			2,253,535
Impact of change in functional currency			309,737
Stock issuance costs
Stock issued for debt settlement
Stock issued for prepaid services
RSU grants and vesting			27,789
Warrants exercised			(294,790)
Options exercised			(57,716)	(163,766)
Finder’s warrants issued			1,782,560
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Options issued			305,193
Comprehensive loss
Ending balance	5,367,087	1,013,333	5,367,087	1,013,333
Receivables for equity issued [member]
IfrsStatementLineItems [Line Items]
Beginning balance			(1,193,641)
Issuance of common stock
Impact of change in functional currency
Stock issuance costs
Stock issued for debt settlement			(18,168)
Stock issued for services
Stock issued for prepaid services
RSU grants and vesting
Warrants exercised
Options exercised
Finder’s warrants issued
Stock to be issued for services
Equity to be issued for settlement agreement			49,800
RSUs to be issued
Conversion of debentures
Warrants issued for loan
Options issued
Comprehensive loss
Ending balance	(1,162,009)		(1,162,009)
Obligation to issue shares [member]
IfrsStatementLineItems [Line Items]
Beginning balance			7,450	15,342
Issuance of common stock				(15,342)
Impact of change in functional currency
Stock issuance costs
Stock issued for debt settlement
Stock issued for services
Stock issued for prepaid services
RSU grants and vesting			(7,450)
Warrants exercised				9,558
Options exercised			6,574
Finder’s warrants issued
Stock to be issued for services			51,208
Equity to be issued for settlement agreement			174,093
RSUs to be issued			971,621
Conversion of debentures
Warrants issued for loan
Options issued
Comprehensive loss
Ending balance	1,203,496	9,558	1,203,496	9,558
Shares to be cancelled [member]
IfrsStatementLineItems [Line Items]
Beginning balance			5,323
Issuance of common stock
Impact of change in functional currency
Stock issuance costs
Stock issued for debt settlement
Stock issued for services
Stock issued for prepaid services
RSU grants and vesting
Warrants exercised				5,323
Options exercised			2,338
Finder’s warrants issued
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Conversion of debentures
Warrants issued for loan
Options issued
Comprehensive loss
Ending balance	7,661	5,323	7,661	5,323
Accumulated other comprehensive income [member]
IfrsStatementLineItems [Line Items]
Beginning balance			(847,412)	(490,172)
Issuance of common stock
Impact of change in functional currency
Stock issuance costs
Stock issued for debt settlement
Stock issued for services
Stock issued for prepaid services
RSU grants and vesting
Warrants exercised
Options exercised
Finder’s warrants issued
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Conversion of debentures
Warrants issued for loan
Options issued
Comprehensive loss			(2,356,818)	(119,650)
Ending balance	(3,204,230)	(609,822)	(3,204,230)	(609,822)
Retained earnings [member]
IfrsStatementLineItems [Line Items]
Beginning balance			(35,650,850)	(33,822,124)
Issuance of common stock
Impact of change in functional currency
Stock issuance costs
Stock issued for debt settlement
Stock issued for services
Stock issued for prepaid services
RSU grants and vesting
Warrants exercised
Options exercised
Finder’s warrants issued
Stock to be issued for services
Equity to be issued for settlement agreement
RSUs to be issued
Conversion of debentures
Warrants issued for loan
Options issued
Comprehensive loss			(4,349,804)	(1,995,435)
Ending balance	$ (40,000,654)	$ (35,817,559)	$ (40,000,654)	$ (35,817,559)

Consolidated Interim Statemen_4

Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities:
Net loss for the period	$ (4,349,804)	$ (1,995,435)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	1,495,012	161,291
Stock issued for services	98,492	765,576
Stock to be issued for services	51,208
Depletion	211,761	343,158
Depreciation	56,517	20,790
Accretion of asset retirement obligation	147,307	68,864
Accretion and accrued interest expense	27,486	183,515
Interest income		(5,656)
Change in fair value of derivative liability	294,373	(507,446)
Interest income	(42,229)
Foreign exchange loss	(60,062)	14,033
Provision for settlement	379,919
(Gain) loss on debt settlement	(71,131)	159,383
Changes in operating assets and liabilities:
Restricted cash	1,518	2,791
Accounts receivable	(874,574)	(288,432)
Prepaid expenses and deposits	(4,690,853)	(411,273)
Accounts payable and accrued liabilities	1,854,362	388,985
Operating lease liabilities		(8,507)
Net cash used in operating activities	(5,470,698)	(1,108,363)
Investing activities:
Property and equipment expenditures	(149,253)	(717)
Oil and gas properties expenditures	(13,202,574)	(51,615)
Net cash used in investing activities	(13,351,827)	(52,332)
Financing activities:
Proceeds from stock subscriptions received	31,351,120	244,601
Stock issuance costs on subscriptions received	(2,658,064)
Proceeds from exercise of options	28,071	139,188
Proceeds from exercise of warrants	450,735	1,771,205
Proceeds from loans payable	91,651	500,000
Repayments of loans payable	(648,621)	(309,714)
Repayment of notes receivable		23,745
Lease payments	(4,293)
Net cash provided by financing activities	28,610,599	2,369,025
Effect of exchange rate changes on cash and cash equivalents	818,976	54,526
Net increase in cash and cash equivalents	10,607,050	1,262,856
Cash and cash equivalents, beginning of period	1,026,990	202,712
Cash and cash equivalents, end of period	11,634,040	1,465,568
Supplemental information:
Taxes paid
Interest paid on credit facilities	95,796	11,082
Non-cash investing and financing activities:
Stock issued for prepaid services	62,955
Stock issued for debt settlement	416,123	297,184
Stock issued for debt conversion		$ 522,519

Organization

Organization	9 Months Ended
	Sep. 30, 2022
Organization
Organization	1. Organization Trillion Energy International Inc. and its consolidated subsidiaries, (collectively referred to as the “Company”) is a Canadian based oil and gas exploration and production company. Effective January 2022, the corporate headquarters moved to Suite 700, 838 West Hastings Street, Vancouver, B.C., Canada from Turan Gunes Bulvari, Park Oran Ofis Plaza, 180-y, Daire:54, Kat:14, 06450, Oran, Cankaya, Anakara, Turkey. The Company also has a registered office in Canada and Bulgaria. The Company was incorporated in Delaware in 2015. The Company’s shares trade on the OTCQB under the symbol “TRLEF” and trade on the Canadian Securities Exchange under the symbol “TCF”. On January 21, 2022, the Company redomiciled from Delaware to a British Columbia corporation by way of an amalgamation transaction with the Company’s British Columbian subsidiary, Trillion Energy Inc. (the “Repatriation Transaction”). Pursuant to the Repatriation Transaction, for every one common stock of Trillion Energy International Inc., the shareholders will receive one common stock of Trillion Energy Inc. The Company will continue to operate and report under the name of Trillion Energy International Inc. As a result of the Repatriation Transaction, the Company meets the definition of a foreign private issuer, as defined under Rule 3b-4 of the Securities Exchange Act of 1934, as amended.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies (a) Basis of Presentation and Going Concern Consolidation The unaudited consolidated interim financial statements (“Financial Statements”) of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and International Accounting Standards (“IAS”) issued by the International Accounting Standards Board (“IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”), effective for the Company’s reporting for the quarter ended September 30, 2022. These Financial Statements are the first that the Company has prepared in accordance with IFRS. Refer to Note 2(r) for details on the impact of IFRS first-time adoption. The Financial Statements are expressed in U.S. dollars. These Financial Statements include the accounts of the Company and its wholly owned subsidiaries Park Place Energy Corp. (“PPE Corp.”), Park Place Energy Bermuda (“PPE Bermuda”), BG Exploration EOOD (“BG Exploration”), and Park Place Energy Turkey (“PPE Turkey”). All intercompany balances and transactions are eliminated on consolidation. Operating results for the nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. Certain comparative information has been reclassified to conform with the financial statement presentation adopted in the current period. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (b) Use of Estimates and Judgements In the process of applying the Company’s accounting policies, management has made the following judgements, which have the most significant effect on the amounts recognized in the Financial Statements: Functional Currency The functional currency for the Company and each of its subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of the functional currency involves certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determined the primary economic environment. Determination of Cash Generating Units (CGUs) A CGU is the lowest grouping of integrated assets that generate identifiable cash inflows that are largely independent of the cash inflows of other assets or groups of assets. The allocation of assets into CGUs requires significant judgment and interpretations with respect to the integration between assets, the existence of active markets, similar exposure to market risks, shared infrastructure, and the way in which management monitors the operations. In the process of applying the Company’s accounting policies, management has made the following estimates, which have the most significant effect on the amounts recognized in the Financial Statements: Oil and Gas Reserves The company’s estimate of oil and gas reserves is considered in the measurement of depletion, depreciation, impairment, and decommissioning and restoration obligations. The estimation of reserves is an inherently complex process and involves the exercise of professional judgment. All reserves are evaluated annually, by independent qualified reserves evaluators. Oil and gas reserves estimates are based on a range of geological, technical and economic factors, including projected future rates of production, projected future commodity prices, engineering data, and the timing and amount of future expenditures, all of which are subject to uncertainty. Estimates reflect market and regulatory conditions existing at the evaluation date, which could differ significantly from other points in time throughout the period, or future periods. Changes in market and regulatory conditions and assumptions, as well as climate change, and the evolving worldwide demand for energy and global advancement of alternative sources of energy that are not sourced from fossil fuels can materially impact the estimation of net reserves. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Allowance for doubtful accounts Estimates are inherent in the on-going assessment of the recoverability of trade and other receivables. The Company maintains an allowance for doubtful accounts to reflect the expected credit losses. Uncertainty relates to the actual collectability of customer balances that can vary from the Company’s estimation. Asset Retirement Obligation The company recognizes obligation for the future decommissioning and restoration of the Company’s exploration and evaluation assets and oil and gas properties based on estimated future decommissioning and restoration costs. Management applies judgment in assessing the existence and extent as well as the expected method of reclamation of the company’s decommissioning and restoration obligations at the end of each reporting period. Management also uses judgment to determine whether the nature of the activities performed is related to decommissioning and restoration activities or normal operating activities. Actual costs are uncertain and estimates may vary as a result of changes to relevant laws and regulations related to the use of certain technologies, the emergence of new technology, operating experience, prices and closure plans. The estimated timing of future decommissioning and restoration may change due to certain factors, including reserves life. Changes to estimates related to future expected costs, discount rates, inflation assumptions, and timing may have a material impact on the amounts presented. Impairment of Assets Management applies judgment in assessing the existence of impairment indicators based on various internal and external factors. The recoverable amount of assets is determined based on the higher of fair value less costs of disposal or value-in-use calculations. The key estimates the company applies in determining the recoverable amount normally include estimated future commodity prices, discount rates, expected production volumes, future operating and development costs, income taxes, and operating margins. In determining the recoverable amount, management may also be required to make judgments regarding the likelihood of occurrence of a future event. Changes to these estimates and judgments will affect the recoverable amounts of assets and may then require a material adjustment to their related carrying value. Share-based Compensation The cost of share-based transactions with directors, officers and employees are measured by reference to the fair value of the equity instruments. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining and making assumptions about the most appropriate inputs to the valuation model including the expected life, volatility, risk-free interest rate, expected forfeiture rate and dividend yield of the stock option. Changes to these estimates and judgments will affect the operating result and may then require a material adjustment. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Fair Value of Derivative Liability The Company’s warrants and conversion features with exercise prices denominated in a currency other the Company’s functional currency are recognized as derivatives measured at fair value through the consolidated interim statement of loss and comprehensive loss. Estimating fair value for derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining and making assumptions about the most appropriate inputs to the valuation model including the expected life, volatility, risk-free interest rate, expected forfeiture rate and dividend yield of the derivatives. Changes to these estimates and judgments will affect the operating result and may then require a material adjustment. Deferred Income Tax Judgments are made by management at the end of the reporting period to determine the likelihood that deferred income tax assets will be realized from future taxable earnings. Assessing the recoverability of deferred income tax assets requires the Company to make judgments related to the expectations of future cash flows from operations and the application of existing tax laws in each jurisdiction. To the extent that assumptions regarding future profitability change, there can be an increase or decrease in the amounts recognized in consolidated interim statement of loss and comprehensive loss in the period in which the change occurs. (c) Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. (d) Revenue Recognition Revenue from Contracts with Customers The Company recognizes revenue when it satisfies its performance obligation(s) by transferring control over a product to a customer. Revenue is measured based on the consideration the Company expects to receive in exchange for those products. Performance Obligations and Significant Judgments The Company sells oil and natural gas products in Turkey. The Company enters into contracts that generally include one type of distinct product in variable quantities and priced based on a specific index related to the type of product. The oil and natural gas are typically sold in an unprocessed state to processors and other third parties for processing and sale to customers. The Company recognizes revenue at a point in time when control of the oil is transferred. For oil sales, control is typically transferred to the customer upon receipt at the wellhead or a contractually agreed upon delivery point. Under the Company’s natural gas contracts with processors, control transfers upon delivery at the wellhead or the inlet of the processing entity’s system. For the Company’s other natural gas contracts, control transfers upon delivery at the inlet or to a contractually agreed upon delivery point. In the cases where the Company sells to a processor, the Company has determined that the Company is the principal in the arrangement and the processors are the Company’s customers. The Company recognizes the revenue in these contracts based on the net proceeds received from the processor. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) For the Company’s product sales that have a contract term greater than one year, the Company uses the practical expedient in IFRS 15 Paragraph 121(a) which states the Company is not required to disclose the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to an unsatisfied performance obligation. Under these sales contracts, each unit of product represents a separate performance obligation; therefore, future volumes are unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required. The Company has no unsatisfied performance obligations at the end of each reporting period. The Company does not believe that significant judgments are required with respect to the determination of the transaction price, including any variable consideration identified. There is a low level of uncertainty due to the precision of measurement and use of index-based pricing with predictable differentials. Additionally, any variable consideration identified is not constrained. (e) Accounts Receivable Accounts receivable consist primarily of oil and gas receivables. The Company has classified these as short-term assets in the consolidated statement of financial position because the Company expects repayment or recovery within the next 12 months. The Company evaluates these accounts receivable for collectability and, when necessary, records allowances for expected unrecoverable amounts. The Company deems all accounts receivable to be collectable and has not recorded any allowance for doubtful accounts. (f) Exploration and Evaluation Assets Pre-license exploration costs are recognized in the consolidated statement of operations and comprehensive loss as incurred. The costs to acquire non-producing oil and gas properties or licenses to explore, drill exploratory wells and the costs to evaluate the commercial potential of underlying resources, including related borrowing costs, are initially capitalized as exploration and evaluation assets. Exploration and evaluation assets are subject to technical, commercial and management review to confirm the continued intent to develop and extract the underlying resources. If an area or exploration well is no longer considered commercially viable, the related capitalized costs are charged to exploration expense. Exploration and evaluation assets are not subject to depreciation, depletion and amortization. When management determines with reasonable certainty that an exploration and evaluation asset will be developed, as evidenced by the classification of proved or probable reserves and the appropriate internal and external approvals, the asset is transferred to oil and gas properties. (g) Oil and Gas Properties Oil and gas properties (“O&G”) include exploration and evaluation expenditures, development and productions costs, less accumulated depletion and depreciation and accumulated impairment loss. O&G are grouped into cash generating units for impairment testing. The Company has grouped its O&G into two CGUs: the Cendere Oil Field and SASB Gas Field. When significant parts of an item of O&G have different useful lives, they are accounted for as separate items (major components). TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Costs incurred subsequent to the determination of technical feasibility and commercial viability and the costs of replacing parts of O&G are capitalized only when they increase the future economic benefits embodied in the specific asset to which they relate. All other expenditures are recognized in consolidated interim statement of loss and comprehensive loss as incurred. Such capitalized items generally represent costs incurred in developing proved and/or probable reserves and bringing on or enhancing production from such reserves, and are accumulated on a field or geotechnical area basis. The carrying amount of any replaced or sold component is derecognized. The costs of the day-to-day servicing of oil ang gas properties are recognized in consolidated interim statement of loss and comprehensive loss as incurred. The net carrying value of oil and gas properties is depleted using the unit-of-production method by reference to the ratio of production in the year to the related proved reserves, taking into account estimated future development costs necessary to bring those reserves into production. These estimates are reviewed by independent reservoir engineers at least annually. (h) Property and Equipment Property and equipment are stated at cost and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives are: other assets are depreciated over 20 years; and leasehold improvements are depreciated over the term of the lease (i) Impairment of Non-financial Assets Exploration and evaluation assets, oil and gas properties, and property and equipment are reviewed when events or changes in circumstances indicate the assets may not be recoverable. Exploration and evaluation assets are also tested for impairment immediately prior to being transferred to oil and gas properties. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Impairment exists when the carrying value of an asset exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. These calculations are based on available data, other observable inputs and projections of cash flows, all of which are subject to estimates and assumptions. Recoverable amounts are also sensitive to assumptions about the future usefulness of in-process development and the related marketing rights. (j) Provisions Provisions are recognized by the company when it has a legal or constructive obligation as a result of past events, it is probable that an outflow of economic resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are recognized for decommissioning and restoration obligations associated with the company’s exploration and evaluation assets and oil and gas properties. Provisions for decommissioning and restoration obligations are measured at the present value of management’s best estimate of the future cash flows required to settle the present obligation, using the risk-free interest rate. The value of the obligation is added to the carrying amount of the associated asset and amortized over the useful life of the asset. The provision is accreted over time with actual expenditures charged against the accumulated obligation. Changes in the future cash flow estimates resulting from revisions to the estimated timing or amount of undiscounted cash flows are recognized as a change in the decommissioning and restoration provision and related asset. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (k) Financial Instruments (i) Classification The company classifies its financial instruments into one of the following categories: fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVOCI”), or at amortized cost. This determination is made at initial recognition. All financial instruments are initially recognized at fair value on the balance sheet, net of any transaction costs except for financial instruments classified as FVTPL, where transaction costs are expensed as incurred. Subsequent measurement of financial instruments is based on their classification. The company classifies its derivative liability and cash and cash equivalents as FVTPL, accounts receivable and notes receivable as financial assets at amortized cost, and accounts payable, loans payable, and convertible notes as financial liabilities at amortized cost. Embedded derivative in other financial instruments or other host contracts are recorded as separate derivatives when their risks and characteristics are not closely related to those of the host contract. (ii) Measurement Financial assets and liabilities at amortized cost Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities at FVTPL Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in the statements of loss and comprehensive loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the statements of operations and comprehensive loss in the period in which they arise. Debt investments at FVTOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Equity investments at FVTOCI These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss. (iii) Impairment of Financial Assets at Amortized Cost The Company recognizes a loss allowance for expected credit losses on financial assets that are measured at amortized cost. At each reporting date, the Company measures the loss allowance for the financial asset at an amount equal to the lifetime expected credit losses if the credit risk on the financial asset has increased significantly since initial recognition. If at the reporting date, the financial asset has not increased significantly since initial recognition, the Company measures the loss allowance for the financial asset at an amount equal to the twelve month expected credit losses. The Company shall recognize in the statements of loss and comprehensive loss, as an impairment gain or loss, the amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (iv) Derecognition Financial assets The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire. The Company also derecognizes a financial liability when the terms of the liability are modified such that the terms and / or cash flows of the modified instrument are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. Gains and losses on derecognition are recognized in profit or loss. (l) Income Taxes Current Income Tax: Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred Tax: Deferred tax is recognized on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that future taxable income will be available to allow all or part of the temporary differences to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted and are expected to apply by the end of the reporting period. Deferred tax assets and deferred income tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (m) Foreign Currency Translation Functional currencies of the Company’s individual entities are the currency of the primary economic environment in which the entity operates. Transactions in foreign currencies are translated to the appropriate functional currency at foreign exchange rates that approximate those on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the appropriate functional currency at foreign exchange rates as at the balance sheet date. Foreign exchange differences arising on translation are recognized in net earnings. Non-monetary assets that are measured in a foreign currency at historical cost are translated using the exchange rate at the date of the transaction. In preparing the Company’s Financial Statements, the financial statements of each entity are translated into US dollar (“USD”), the presentation currency of the Company. The assets and liabilities of foreign operations are translated into USD at exchange rates as at the balance sheet date. Revenues and expenses of foreign operations are translated into USD using foreign average exchange rates for the period. Foreign exchange differences are recognized in other comprehensive income or loss. The functional currency of the Company’s Bulgarian operations is the Bulgarian Lev. The functional currency of the Company’s Turkish operations is the Turkish Lira. Prior to January 1, 2022, the functional currency of Trillion Energy International Inc. was USD. The Company redomiciled from United States to Canada and became a Canadian Company in January 2022, resulting in the parent’s expenditures being denominated primarily in Canadian dollar (“CAD”) and the Company being funded primarily from issuance of equity instruments which proceeds are in CAD. As a result, the Company determined that the functional currency of the parent was changed to CAD effective January 1, 2022. The Company has accounted for the change in functional currency prospectively with no impact of this change on prior period comparative information. The Company has made an accounting policy choice to reassess the classification of financial instruments as liabilities or equity or vice versa as applicable when the functional currency of the Company or its subsidiaries changes. The policy will be applied consistently in the future. As a result, certain of the Company’s CAD denominated warrants with a carrying value of $ 472,899 163,162 (n) Stock-Based Compensation Under the company’s share-based compensation plans, share-based awards may be granted to executives, employees and nonemployee directors. Stock options that give the holder the right to purchase common shares are accounted for as equity-settled plans. The expense is based on the fair value of the options at the time of grant using the Black-Scholes options pricing model and is recognized over the vesting periods of the respective options. A corresponding increase is recorded to option reserve. Consideration paid to the company on exercise of options is credited to share capital and the associated amount in option reserve is reclassified to share capital. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (o) Unit Offerings Common shares are classified as equity. Proceeds from unit placements are allocated between shares and warrants issued using the residual method. The residual method first allocates fair value to the component with the best evidence of fair value and then the residual value, if any, to the less easily measurable component. The fair value of the common shares, measured on date of issue, was determined to be the component with the best evidence of fair value. The balance, if any, is allocated to the attached warrants. Costs directly identifiable with share capital financings are charged against share capital. If the subscription is not funded upon issuance, the Company records a receivable as a contra account to shareholders’ equity. (p) Loss per Share Basic earnings per share is calculated by dividing the net earnings for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average number of common shares outstanding for dilutive common shares. The number of shares included is computed using the treasury stock method. As certain instrument can be exchanged for common shares of the Company, they are considered potentially dilutive and are included in the calculation of the company’s diluted net earnings per share if they have a dilutive impact in the period. (q) Leases At inception of a contract, the company assesses whether a contract is, or contains, a lease based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured based on the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset on the site on which it is located, less any lease incentives received. The assets are depreciated to the earlier of the end of the useful life of the right-of-use asset or the lease term. Judgment is applied to determine the lease term where a renewal option exists. Right-of-use assets are depreciated using the straight-line method as this most closely reflects the expected pattern of consumption of the future economic benefits. In addition, the right-of-use assets may be reduced by impairment losses or adjusted for certain remeasurements of the lease liability. The company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of twelve months or less. The lease payments are recognized as an expense when incurred over the lease term. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company’s incremental borrowing rate. Lease payments include fixed payments, and variable payments that are based on an index or rate. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Cash payments for the principal portion of the lease liability are presented within the financing activities section and the interest portion of the lease liability is presented within the operating activities section of the statement of cash flows. Short-term lease payments and variable lease payments not included in the measurement of the lease liability are presented within the operating activities section of the statement of cash flows. (r) First-time Adoption of IFRS These Financial Statements for the quarter ended September 30, 2022, are the first the Company has prepared in accordance with IFRS. The Company previously prepared its financial statements, up to and including December 31, 2021, in accordance with accounting princ

Restricted Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2022
Restricted Cash	3. Restricted Cash The restricted cash relates to drilling bonds provided to the General Directorate of Petroleum Affairs (the “GDPA”) for the exploration licenses due to Turkish Petroleum Law. The amounts are for 2 3,920 5,438

Amounts Receivable

Amounts Receivable	9 Months Ended
	Sep. 30, 2022
Amounts Receivable
Amounts Receivable	4. Amounts Receivable Schedule of Amounts Receivable September 30, 2022 December 31, 2021 December 31, 2020 Accounts receivable $ 1,147,592 $ 703,140 $ 772,138 GST receivable 56,207 - - Interest receivable 39,424 - - Due from related parties 3,856 4,173 1,173 Other 2,153 2,492 - Amounts receivable, net $ 1,249,232 $ 709,805 $ 773,311

Oil and Gas Properties

Oil and Gas Properties	9 Months Ended
	Sep. 30, 2022
Oil And Gas Properties
Oil and Gas Properties	5. Oil and Gas Properties Schedule of Oil and Gas Properties SASB Cendere Total December 31, 2020 $ 1,236,954 $ 987,519 $ 2,224,473 Expenditures 66,122 - 66,122 Depletion (188,446 ) (227,240 ) (415,686 ) Change in ARO estimate (459,601 ) 5,305 (454,296 ) December 31, 2021 655,029 765,584 1,420,613 Beginning Balance 655,029 765,584 1,420,613 Expenditures 13,202,574 - 13,202,574 Depletion (66,568 ) (145,193 ) (211,761 ) Change in ARO estimate (1,011,016 ) (5,562 ) (1,016,578 ) Foreign currency translation change (2,011,190 ) - (2,011,190 ) September 30, 2022 $ 10,768,829 $ 614,829 $ 11,383,658 Ending Balance $ 10,768,829 $ 614,829 $ 11,383,658 Turkey Cendere oil field The primary asset of PPE Turkey is the Cendere onshore oil field, which is located in South East Turkey having a total of 25 wells. The Cendere Field was first discovered in 1988. Oil production commenced during 1990. The operator of the Cendere Field is TPAO. The Company’s interest is 19.6 9.8 The Cendere Field is a long-term low decline oil reserve. This mature oilfield consistently produces between 80- 120 barrels oil per day net to the Company TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 5. Oil and Gas Properties (continued) The South Akcakoca Sub-Basin (“SASB”) The Company owns offshore production licenses called the South Akcakoca Sub-Basin (“SASB”). The Company now owns a 49 The four SASB fields are located off the north coast of Turkey towards the western end of the Black Sea in water depths ranging from 60 to100 meters. Gas is produced from Eocene age sandstone reservoirs at subsea depths ranging from 1,100 to1,800 meters Bakuk gas field The Company also owns a 50

Exploration & Evaluation Asset

Exploration & Evaluation Asset	9 Months Ended
	Sep. 30, 2022
Exploration Evaluation Asset
Exploration & Evaluation Asset	6. Exploration & Evaluation Asset Schedule of Exploration & Evaluation Asset Unproven Bulgaria December 31, 2020 3,122,443 Foreign currency translation change (6,297 ) December 31, 2021 $ 3,116,146 Beginning Balance $ 3,116,146 Foreign currency translation change 30,030 September 30, 2022 3,146,176 Ending Balance 3,146,176 Bulgaria The Company holds a 98,205 3 4 5 10,000 32,800 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited)

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2022
Property and Equipment	7. Property and Equipment Summary of Property, Plant and Equipment Right-of-use Leasehold Other Motor Vehicles Furniture Total December 31, 2020 $ 39,809 $ 68,255 $ 1,815 $ 10,976 $ 7,402 $ 128,257 Additions - - - 180,067 672 180,739 Depreciation (6,920 ) (12,355 ) (290 ) (10,964 ) (1,239 ) (31,768 ) Disposals - - - (65,016 ) - (65,016 ) Foreign currency translation change (15,504 ) (32,559 ) (1,345 ) (16,075 ) 405 (65,078 ) December 31, 2021 $ 17,385 $ 23,341 $ 180 $ 98,988 $ 7,240 $ 147,134 Beginning Balance $ 17,385 $ 23,341 $ 180 $ 98,988 $ 7,240 $ 147,134 Additions - 32,343 979 96,224 19,707 149,253 Depreciation (3,657 ) (4,933 ) (201 ) (44,130 ) (3,596 ) (56,517 ) Foreign currency translation change (4,975 ) (2,801 ) (175 ) (11,153 ) (1,114 ) (20,218 ) September 30, 2022 $ 8,753 $ 47,950 $ 783 $ 139,929 $ 22,237 $ 219,652 Ending Balance $ 8,753 $ 47,950 $ 783 $ 139,929 $ 22,237 $ 219,652

Loans Payable

Loans Payable	9 Months Ended
	Sep. 30, 2022
Loans Payable	8. Loans Payable Schedule of Loans Payable As at September 30, 2022 December 31, 2021 December 31, 2020 Unsecured, interest bearing loans at 10 1 $ 11,810 $ 107,167 $ 184,235 Unsecured, interest bearing loans at 12 1 - 39,069 309,806 Unsecured, interest bearing loan at 19.4 2 14,730 25,642 - Unsecured, interest bearing loan at 20.5 3 - - 25,625 Unsecured, interest bearing loan at 13.25 4 - 3,534 41,533 Unsecured, interest bearing loan at 15 5 - 473,635 - Unsecured, interest bearing loan at 45.33 6 63,764 - - Non-interest bearing loans - - 5,955 Total loans payable 90,304 649,047 567,154 Current portion of loans payable (49,989 ) (630,534 ) (549,424 ) Long-term portion of loans payable $ 40,315 $ 18,513 $ 17,730 (1) Loans bearing interest, accrue at 10 12 (2) On November 15, 2021, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 350,000 25,600 November 15, 2024 19.44 4,426 nil 2,944 nil (3) On August 2, 2019, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 300,000 53,600 August 2, 2022 20.5 nil 8,673 nil 2,754 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 8. Loans Payable (continued) (4) On February 4, 2020, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 500,000 83,500 February 4, 2022 13.25 3,005 21,607 47 2,409 (5) On March 4, 2021, the Company received $ 500,000 15 1,000,000 0.16 152,750 0 229 0.08 2.00 26,365 87,884 18,082 43,151 (6) On May 25, 2022, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 1,500,000 91,961 May 23, 2024 45.33 20,183 13,169

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases	9. Leases The Company leases certain assets under lease agreements. On January 1, 2020, the Company entered into a one-year lease for office space, which the Company elected the short-term lease measurement and recognition exemption. On January 3, 2020, the Company entered into a five-year lease for an office space in Turkey. As of September 30, 2022, the Company’s lease had a remaining lease terms of 2.25 Lease liabilities are measured at the commencement date based on the present value of future lease payments. As the Company’s lease did not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The Company used a discount rate of 11.82 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 9. Leases (continued) Summary of Changes in ROU Assets Lease liability September 30, 2022 December 31, 2021 December 31, 2020 Beginning balance $ 15,324 $ 39,809 $ 4,759 Additions, cost - - 57,919 Interest expense 1,121 3,480 4,771 Lease payments (4,293 ) (11,114 ) (16,574 ) Foreign exchange impact (2,514 ) (16,851 ) (11,066 ) Ending balance $ 9,638 $ 15,324 $ 39,809 As at September 30, 2022, the Company’s lease liability is as follows: Summary of Lease Liability Lease liability September 30, 2022 December 31, 2021 December 31, 2020 Current portion of operating lease liability $ 3,988 $ 6,732 $ 12,116 Long-term portion of operating lease liability 5,650 8,592 27,693 Lease liability $ 9,638 $ 15,324 $ 39,809 Future minimum lease payments to be paid by the Company as a lessee as of September 30, 2022 are as follows: Summary of Future Minimum Lease Payments Operating lease commitments and lease liability Remainder of 2022 $ 1,213 2023 4,852 2024 4,852 Total future minimum lease payments 10,917 Discount (1,279 ) Total $ 9,638

Notes and Amounts Receivable fo

Notes and Amounts Receivable for Equity Issued	9 Months Ended
	Sep. 30, 2022
Notes And Amounts Receivable For Equity Issued
Notes and Amounts Receivable for Equity Issued	10. Notes and Amounts Receivable for Equity Issued Schedule of Notes and Amounts Receivable for Equity Issued September 30, 2022 Notes receivable $ 1,109,032 Amounts receivable 52,977 * Notes and Amounts Receivable for Equity Issued $ 1,162,009 * Consists of receivables for the exercise of warrants and options at various exercise prices during the year ended December 31, 2021 and nine months ended September 30, 2022. The receivables are unsecured, non-interest-bearing and due on demand. During the year ended December 31, 2021, the Company entered into agreements with certain warrant and option holders for the following notes receivables as consideration for the exercise of warrants and options: On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 48,087 60,000 500,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 48,087 60,000 500,000 0.10 0.12 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 10. Notes and Amounts Receivable for Equity Issued (continued) On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 48,087 60,000 500,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 24,044 30,000 250,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 14,426 18,000 150,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with the CFO of the Company with a principal sum of $ 48,088 60,000 500,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 144,261 180,000 1,500,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with a principal sum of $ 96,174 120,000 1,000,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with the CEO of the Company with a principal sum of $ 19,235 24,000 200,000 0.10 0.12 On July 31, 2021, the Company entered into a promissory note agreement with the CEO of the Company with a principal sum of $ 226,971 283,200 2,360,000 0.10 0.12 On November 10, 2021, the Company entered into a promissory note agreement with the CEO of the Company with a principal sum of $ 189,680 237,286 1,416,667 0.10 0.12 500,000 0.12 0.15 320,000 0.06 0.08 On November 10, 2021, the Company entered into a promissory note agreement with a principal sum of $ 95,924 120,000 1,000,000 0.10 0.12 On November 10, 2021, the Company entered into a promissory note agreement with a principal sum of $ 146,639 193,443 1,800,000 0.10 0.12 500,000 0.08 0.10 320,000 0.08 0.10 On November 10, 2021, the Company entered into a promissory note agreement with a director of the Company with a principal sum of $ 34,846 43,592 670,000 0.06 0.08 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 10. Notes and Amounts Receivable for Equity Issued (continued) See summary table below for terms specific to the promissory note. Schedule of Promissory Notes # of Securities exercised Principal Maturity date Interest rate Current 500,000 $ 48,087 September 30, 2021 5 500,000 $ 48,087 December 31, 2021 5 500,000 $ 48,087 November 30, 2021 5 250,000 $ 24,044 November 30, 2021 5 150,000 $ 14,426 December 31, 2021 5 2,236,667 $ 189,680 November 10, 2022 5 1,000,000 $ 95,924 November 10, 2022 5 2,620,000 $ 146,639 November 10, 2022 5 670,000 $ 34,846 November 10, 2022 5 500,000 $ 48,088 July 31, 2023 5 1,500,000 $ 144,261 July 31, 2023 5 1,000,000 $ 96,174 July 31, 2023 5 200,000 $ 19,235 July 28, 2023 5 2,360,000 $ 226,971 July 28, 2023 5 Total 13,986,667 * $ 1,184,549 * Includes 12,176,667 1,810,000 The following is a continuity of the Company’s promissory note receivable: Schedule of Promissory Note Receivable Notes Receivable Balance, January 1, 2021 $ - Additions 1,184,549 Repayments (23,745 ) Accrued interest 17,733 Foreign exchange loss on revaluation (19,705 ) Balance, December 31, 2021 $ 1,158,832 Repayments (See Note 17) (49,800 ) Balance, September 30, 2022 $ 1,109,032 During the nine months ended September 30, 2022, the accrued interest income totaled $ 39,424 nil 39,424 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited)

Asset Retirement Obligations

Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2022
Asset Retirement Obligations
Asset Retirement Obligations	11. Asset Retirement Obligations The following is a continuity of the Company’s asset retirement obligations: Schedule of Asset Retirement Obligations September 30, 2022 December 31, 2021 Balance at the beginning of period $ 8,993,108 $ 9,355,422 Accretion expense 147,307 91,982 Change in estimate (1,016,578 ) (454,296 ) Balance at the end of period $ 8,123,837 $ 8,993,108 The Company’s asset retirement obligations (ARO)result from its interest in oil and gas assets including well sites. The total ARO is estimated based on the Company’s net ownership interest in all sites, estimated costs to reclaim and abandon these wells and the estimated timing of the costs to be included in future years. The Company estimated the total undiscounted amount required to settle the ARO as at September 30, 2022 is $ 8.2 8.2 2.5 2.5 3.91 1.49

Convertible Debentures

Convertible Debentures	9 Months Ended
	Sep. 30, 2022
Convertible Debentures
Convertible Debentures	12. Convertible Debentures On September 30, 2019, the Company closed an unbrokered private placement of convertible debt, issuing $ 123,095 163,000 10 0.20 0.25 0.12 0.15 As the September 30, 2019 convertible debt included an embedded conversion feature denominated in Canadian dollars other than the functional currency which was USD at the issuance of the convertible debt, the debt was determined to be a financial instrument comprising an embedded derivative representing the conversion feature with a residual host debt component. On initial recognition, the Company used the residual value method to allocate the principal amount of the debentures between the embedded derivative conversion feature and host debt components. The conversion feature was valued first with the residual allocated to the host debt component. On initial recognition the Company recognized a derivative liability of $ 81,956 81,956 The fair value of the conversion features was determined based on the Black-Scholes Option Pricing Model using the following weighted average assumptions: Schedule of Fair Value Assumptions of Conversion Features 2020 Risk-free interest rate 0.13 % Expected life (years) 1.01 Expected volatility 228 % Dividend yield 0 % TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 12. Convertible Debentures (continued) On July 1, 2020, the Company amended the conversion price of the convertible debentures. Under the amended terms, they are convertible any time during the term of the debenture into units (each unit consists of one share and one warrant; each warrant can acquire one share at an exercise price of $ 0.12 0.09 0.075 0.06 On September 15, 2020, debt in the principal amount of $ 9,870 13,000 173,333 On March 8, 2021, the Company amended the terms of the convertible debentures such that any warrants issued with the units upon the conversion of the debentures is exercisable at US$ 0.10 On March 8, 2021, the debt in the principal amount of $ 89,198 112,500 1,500,000 On March 30, 2021, the debt in the principal amount of $ 29,528 37,500 12,000 660,000 A continuity of convertible debt and the embedded derivative conversion feature for the nine months ended September 30, 2022 is as follows: Schedule of Convertible Debt and Embedded Derivative Conversion Host debt instrument Embedded Total Balance, December 31, 2020 11,027 80,342 91,369 Accretion 19,943 - 19,943 Conversion (30,970 ) (80,342 ) (111,312 ) Balance, December 31, 2021 & September 30, 2022 $ - $ - $ - Beginning Balance - - - Accretion - - - Ending Balance - - -

Common Stock

Common Stock	9 Months Ended
	Sep. 30, 2022
Common Stock	13. Common Stock The Company has an unlimited number of common shares authorized with a par value of $ 0.00001 373,854,474 185,169,793 For the nine months ended September 30, 2022 On March 15, 2022, the Company issued 40,308,037 0.165 6,650,826 5,189,773 0.45 291,895 229,427 1,551,419 236,032 184,181 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) On March 16, 2022, the Company issued 6,060,606 0.165 1,000,000 785,678 0.45 60,035 47,168 363,636 65,624 51,559 On March 17, 2022, the Company closed a non-brokered private placement financing, by issuing 2,000,000 0.165 330,000 260,681 0.45 In concurrence with the non-brokered private placement on March 17, 2022, the Company: ● issued 700,000 50,000 650,000 107,250 92,171 7,450 84,721 ● issued 909,090 150,000 118,491 150,000 118,491 ● issued 3,000,000 0.165 472,001 391,021 On March 18, 2022, the Company issued 19,175,898 0.165 3,164,023 2,508,197 0.45 154,397 122,406 1,026,174 156,587 124,130 On March 24, 2022, the Company issued 34,513,400 0.165 5,694,761 4,535,347 0.45 844,208 672,339 4,212,554 724,670 578,137 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) On March 28, 2022, the Company issued 4,600,000 0.165 759,000 606,548 0.45 46,960 37,529 353,000 72,287 57,768 On March 1, 2022, the Company entered into a consulting agreement with a third party. Pursuant to the consulting agreement, the Company would issue 200,000 51,208 51,208 On April 8, 2022, the Company issued 196,250 196,250 0.10 0.08 19,625 15,794 24,736 On April 8, 2022, the Company issued 50,000 50,000 0.10 0.08 5,000 3,973 3,695 On May 26, 2022, the Company issued 100,000 100,000 0.10 0.08 10,000 7,810 12,604 On May 26, 2022, the Company issued 70,000 70,000 0.10 0.08 7,000 5,467 5,173 On June 3, 2022, the Company issued 100,000 100,000 0.10 0.08 10,000 7,952 12,604 On June 14, 2022, the Company issued 55,000 55,000 0.10 0.08 5,500 4,257 6,932 On June 14, 2022, the Company issued 130,000 100,000 0.10 0.08 13,000 10,130 30,000 2,338 7,389 On June 29, 2022, the Company completed a short form prospectus, issuing 72,536,900 0.31 0.24 22,486,439 17,408,856 0.50 0.39 0.04 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) Cash finder’s fee of $ 1,994,906 1,549,196 4,251,440 1,014,290 787,785 0.31 0.24 0.50 0.36 On July 18, 2022, the Company issued 1,250,000 1,250,000 0.08 100,000 37,045 62,955 On July 18, 2022, the Company issued 25,000 25,000 0.10 0.08 2,500 1,927 1,424 On July 18, 2022, the Company issued 250,000 250,000 0.10 0.08 25,000 19,270 18,473 14,239 On July 18, 2022, the Company issued 200,000 200,000 0.16 0.12 31,137 24,000 30,085 23,190 On August 18, 2022, the Company entered into a settlement agreement with the former Chief Financial Officer of the Company upon resignation, whereupon the Company will issue/pay: ● 325,000 94,300 ● $ 210,000 ○ $ 110,000 ○ $ 50,000 ○ $ 50,000 ● 200,000 58,031 ● 75,000 21,761 On September 1, 2022, the Company issued 162,000 162,000 0.10 0.08 16,200 12,307 20,419 On September 2, 2022, the Company issued 750,000 750,000 0.08 60,000 On September 7, 2022, the Company issued 10,000 10,000 0.45 0.33 4,500 3,419 1,159 On September 7, 2022, the Company issued 245,000 245,000 0.20 0.16 49,000 37,225 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) On September 20, 2022, the Company issued 37,500 37,500 0.45 0.33 16,875 12,682 On September 21, 2022, the Company issued 1,250,000 1,250,000 0.31 0.23 387,500 289,289 222,636 On September 29, 2022, 90,000 0.10 0.08 9,000 6,574 For the nine months ended September 30, 2021 On March 8, 2021, the Company closed a non-brokered private placement financing for aggregate gross proceeds of $ 481,350 400,792 8,015,832 0.06 0.05 0.10 0.08 On March 8, 2021, the Company settled a total of $ 265,000 220,833 4,416,667 0.06 0.05 On March 8, 2021, the Company closed a private placement for aggregate proceeds of $ 235,808 4,716,160 0.05 0.08 On March 8, 2021, convertible debt in the principal amount of $ 112,500 89,198 1,500,000 0.075 0.06 0.10 On March 30, 2021, convertible debt in the principal amount of $ 37,500 29,528 12,000 9,478 660,000 0.075 0.06 0.10 On March 30, 2021, the Company granted 150,000 150,000 36,900 On March 30, 2021, the Company issued 3,304,600 0.10 330,460 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) On March 30, 2021, the Company issued 150,000 0.18 27,358 600,000 109,427 On March 30, 2021, the Company issued 400,000 400,000 0.12 0.10 98,400 38,062 60,338 On March 30, 2021, the Company issued 1,684,428 396,108 On March 30, 2021, the Company issued 190,000 41,608 8,602 33,006 On April 16, 2021, the Company issued 1,000,000 1,000,000 0.12 0.10 120,000 95,959 On April 16, 2021, the Company issued 600,000 188,729 On April 16, 2021, the Company issued 75,000 23,989 On April 16, 2021, the Company issued 150,000 43,549 7,908 36,451 On April 28, 2021, the Company issued 1,360,200 0.12 0.10 169,776 135,670 1,360,200 On April 28, 2021, the Company issued 30,000 0.10 0.08 3,000 2,403 30,000 On April 28, 2021, the Company issued 346,163 85,739 On June 28, 2021, the Company issued 135,000 145,000 0.10 0.12 0.08 0.10 16,500 12,438 10,000 On June 28, 2021, the Company issued 150,000 36,939 On June 28, 2021, the Company issued 25,000 5,210 1,101 4,107 On June 28, 2021, the Company issued 50,000 0.30 0.24 15,000 12,151 On July 20, 2021, the Company issued 50,000 0.30 0.24 15,000 11,905 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 13. Common Stock (continued) On August 9, 2021, the Company issued 16,134,000 16,134,000 0.10 0.20 0.08 0.16 1,925,747 1,538,887 3,060,000 367,200 294,293 5 On August 20, 2021, the Company issued 4,056,247 3,605,247 0.12 0.41 0.10 0.32 439,920 351,164 451,000 35,000 416,000 On September 7, 2021, the Company issued 210,000 200,000 0.12 0.10 24,000 19,062 10,000 10,000 On September 7, 2021, the Company issued 500,000 95,000 On September 7, 2021, the Company issued 246,073 47,445 38,729 8,716

Stock Options

Stock Options	9 Months Ended
	Sep. 30, 2022
Stock Options	14. Stock Options The Board of Directors adopted the Park Place Energy Corp. 2013 Long-Term Incentive Equity Plan (the “Incentive Plan” or “2013 Plan”) effective as of October 29, 2013. The Incentive Plan authorizes the following types of awards: ● incentive stock options and nonqualified stock options to purchase common stock at a set price per share; ● stock appreciation rights (“SARs”) to receive upon exercise common stock or cash equal to the appreciation in value of a share of Common Stock; ● restricted stock, which are shares of common stock granted subject to a restriction period and/or a condition which, if not satisfied, may result in the complete or partial forfeiture of the shares; ● other stock-based awards, which provide for awards denominated in or payable in, valued in whole or in part by reference to, or otherwise based on or related to, shares of common stock of the Company, which may include performance shares or options and restricted stock units which provide for shares to be issued or cash to be paid upon the lapse of predetermined restrictions. Under the 2013 Plan, the maximum number of shares of authorized stock that may be delivered is 10 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 14. Stock Options (continued) A continuity of the Company’s outstanding stock options for the nine months ended September 30, 2022 and the year ended December 31, 2021 is presented below: Summary of Changes in Stock Options Number of options Weighted average Outstanding, December 31, 2020 11,900,000 0.11 Granted 450,000 0.32 Exercised (3,910,000 ) 0.11 Expired (150,000 ) 0.18 Cancelled (650,000 ) 0.16 Outstanding, December 31, 2021 7,640,000 $ 0.12 Granted 2,560,000 0.22 Exercised (785,000 ) 0.09 Outstanding, September 30, 2022 9,415,000 $ 0.15 At September 30, 2022 the Company had the following outstanding stock options: Schedule of Stock Options Outstanding and Exercisable Outstanding Exercise Price Expiry Date Vested 1,750,000 0.12 October 24, 2023 1,750,000 3,800,000 0.13 September 19, 2024 3,800,000 640,000 0.06 July 31, 2025 640,000 415,000 0.07 December 17, 2022 415,000 2,560,000 0.22 July 26, 2025 1,400,000 250,000 0.28 June 6, 2026 250,000 9,415,000 8,255,000 As at September 30, 2022, the weighted average remaining contractual life of outstanding stock options is 2.04 For the nine months ended September 30, 2022, the Company recognized $ 305,196 124,391 167,497 Nil During the nine months ended September 30, 2022, 785,000 0.10 0.16 0.07 0.12 92,637 71,343 36,500 28,071 56,137 43,272 The fair values for stock options granted have been estimated using the Black-Scholes option pricing model using the following weighted average assumptions: Schedule of Weighted Average Assumptions 2022 2021 Risk-free interest rate 3.05 % 33.00 79.00 % Expected life (years) 3 3 5 Expected volatility 175 % 245 257 % Dividend yield 0 % 0 % Weighted average fair value per share 0.22 $ 0.24 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited)

Warrants

Warrants	9 Months Ended
	Sep. 30, 2022
Warrants
Warrants	15. Warrants A continuity of the Company’s outstanding share purchase warrants for the nine months ended September 30, 2022 and the year ended December 31, 2021 is presented below: Summary of Changes in Warrants Number of Weighted average exercise price Outstanding, December 31, 2020 35,865,312 0.10 Issued 14,017,663 0.10 Exercised (31,270,314 ) 0.09 Expired (10,768,332 ) 0.13 Outstanding, December 31, 2021 7,844,329 $ 0.10 Issued 103,935,189 0.34 Exercised (3,910,750 ) 0.13 Outstanding, September 30, 2022 107,868,768 $ 0.33 At September 30, 2022, the Company had the following outstanding share purchase warrants: Schedule of Purchase Warrants Outstanding Outstanding Exercise Price Expiry Date 1,000,000 0.16 March 4, 2023 50,000 0.32 June 6, 2023 1,962,999 0.07 September 8, 2023 1,200,000 0.09 September 8, 2023 358,080 0.08 September 8, 2023 660,000 0.10 September 30, 2023 21,705,438 0.33 March 15, 2024 3,383,939 0.33 March 16, 2024 2,954,545 0.33 March 17, 2024 10,614,123 0.33 March 18, 2024 21,431,754 0.33 March 24, 2024 2,653,000 0.33 March 28, 2024 36,268,450 0.36 June 29, 2025 3,001,440 0.23 June 29, 2025 625,000 0.36 June 29, 2025 107,868,768 As at September 30, 2022, the weighted average remaining contractual life of outstanding warrants is 1.91 As at December 31, 2021, the Company had 3,776,249 472,899 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 15. Warrants (continued) Due to the change in functional currency of the Company, 4,068,080 163,162 0 159 0.89 1.56 288,618 425,611 0 135 3.05 0.68 1.25 294,373 The following is a continuity of the Company’s derivative warrant liability: Schedule of Warrant Derivative Liability Total Balance, January 1 and December 31, 2020 $ 1,804,572 Issued during the period 621,500 Extinguished during the period (479,535 ) Change in fair value of derivative (1,473,638 ) Balance, December 31, 2021 $ 472,899 Effect of change in functional currency (309,737 ) Change in fair value of derivative 294,373 Foreign currency translation (31,924 ) Balance, September 30, 2022 $ 425,611 In connection with the private placements in March, 2022, the Company issued warrants and finder’s warrants for a total number of 62,790,299 Schedule of Weighted Average Assumption for Warrants 2022 Risk-free interest rate 1.21 1.30 Expected life (years) 2 Expected volatility 154 Dividend yield 0 Share price $ 0.24 .031 During the nine months ended September 30, 2022, 4,155,750 0.10 0.31 0.07 0.23 725,681 550,735 595,945 450,735 129,736 100,000 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited)

Restricted Stock Units

Restricted Stock Units	9 Months Ended
	Sep. 30, 2022
Restricted Stock Units
Restricted Stock Units	16. Restricted Stock Units During the nine months ended September 30, 2022, the Company granted 1,150,000 150,000 296,696 36,900 1,150,000 650,000 500,000 ● 125,000 ● 150,000 ● 100,000 ● 125,000 During the nine months ended September 30, 2022, 50,000 50,000 For the nine months ended September 30, 2022, the Company recognized $ 112,510 36,900 75,933 Nil As at September 30, 2022, the Company recorded an obligation to issue shares of $ 971,621 Schedule of Restricted Stock Units Number of Weighted Balance, December 31, 2020 – $ – Granted 1,325,000 0.16 Vested (1,325,000 ) 0.16 Balance, December 31, 2021 – – Granted 1,150,000 0.17 Vested (650,000 ) 0.13 Balance, September 30, 2022 500,000 0.22

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions	17. Related Party Transactions At September 30, 2022, accounts payable and accrued liabilities included $ 113,223 13,831 During the nine months ended September 30, 2022, management fees and salaries of $ 537,227 176,930 54,000 42,000 1,401,090 Nil During the nine months ended September 30, 2022, the Company issued 2,000,000 1,416,667 242,513 242,513 70,833 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 17. Related Party Transactions (Continued) During the nine months ended September 30, 2022, the Company issued Nil 5,146,667 Nil 4,476,667 Nil 670,000 Nil 518,820 648,078 During the nine months ended September 30, 2022, the Company paid the relative of a senior officer and director of the Company $ 5,000 As at September 30, 2022, notes receivable included $ 450,325 517,985 5 Pursuant to agreements between the four directors and the Company, each of the four directors shall be granted 200,000 250,000 200,000 250,000 291,947 608,546 On September 2, 2020, the CEO signed an employment agreement with the Company in which the CEO shall receive: ● 100,000 ● If during the term of the Agreement, the Company completes any cash financing of $ 5,000,000 250,000 25,000 5,000,000 ● Upon spudding of the first well by the Company, the Company shall grant 250,000 250,000 ● If during the term of the Agreement, the Company enters into any non-financing transaction, a cash bonus of US$ 100,000 As at September 30, 2022, an obligation to issue shares of $ 350,162 On July 15,2022, the CFO signed an employment agreement with the Company in which the CFO shall receive: ● 100,000 ● 150,000 ● For each subsequent year, the number of RSUs is determined in context of the market price of the shares and in respect to the performance of the Company; ● A bonus of 100,000 15,000 ● A bonus of 125,000 20,000 ● A bonus of $ 25,000 5,000,000 As at September 30, 2022, an obligation to issue shares of $ 5,739 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 17. Related Party Transactions (Continued) On July 15,2022, the COO signed an employment agreement with the Company in which the COO shall receive: ● 125,000 ● 150,000 ● For each subsequent year, the number of RSUs is determined in context of the market price of the shares and in respect to the performance of the Company; ● A bonus of 100,000 15,000 ● A bonus of 125,000 20,000 As at September 30, 2022, an obligation to issue shares of $ 7,174 On August 18, 2022, the Company entered into a settlement agreement with the former CFO of the Company upon resignation, whereupon the Company will issue/pay: ● 325,000 94,300 ● $ 210,000 ○ $ 110,000 ○ $ 50,000 ○ $ 50,000 ● 200,000 58,031 ● 75,000 21,761 As at September 30, 2022, an obligation to issue shares of $ 174,093

General and Administrative

General and Administrative	9 Months Ended
	Sep. 30, 2022
General and Administrative	18. General and Administrative Schedule of General and Administrative Expense September 30, 2022 September 30, 2021 For the nine months ended September 30, 2022 September 30, 2021 Salaries and compensation $ 2,431,533 $ 1,135,535 Professional fees 525,971 198,175 Office 630,662 29,798 Filing and Transfer Fees 92,574 112,783 Advertising 353,143 - Travel 33,160 - Penalties 30,652 Bank charges and other 11,302 63,847 General and Administrative $ 4,108,997 $ 1,540,138 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited)

Geographical Segment Informatio

Geographical Segment Information	9 Months Ended
	Sep. 30, 2022
Geographical Segment Information	19. Geographical Segment Information During the nine months ended September 30, 2022 and 2021, the Company’s operations were in the resource industry in Bulgaria, and Turkey with head offices in the United States and a satellite office in Sofia, Bulgaria. The Company’s operating segments included, a head office in Canada, oil and gas operations in Turkey and oil and gas properties located in Bulgaria. Schedule of Geographical Segment Information Canada Turkey Bermuda Bulgaria Total Revenue for the nine months ended September 30, 2022 $ - $ 3,589,368 $ - $ - $ 3,589,368 2021 $ - $ 2,837,024 $ - $ - $ 2,837,024 Revenue $ - $ 2,837,024 $ - $ - $ 2,837,024 Non-current assets as at September 30, 2022 $ 41,699 $ 11,565,531 $ - $ 3,146,176 $ 14,753,406 December 31, 2021 $ - $ 1,573,185 $ - $ 3,116,146 $ 4,689,331 Non-current assets $ - $ 1,573,185 $ - $ 3,116,146 $ 4,689,331

Capital Management

Capital Management	9 Months Ended
	Sep. 30, 2022
Capital Management	20. Capital Management The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern to support its business plan, as well as to ensure that the Company is able to meet its financial obligations as they become due. The basis for the Company’s capital structure is dependent on the Company’s expected business growth and changes in business environment. To maintain or adjust the capital structure, the Company may issue new shares through private placement, incur debt or return capital to members. The Company is dependent upon external financings to fund activities. In order to carry future projects and pay administrative costs, the Company will utilize its existing working capital and raise additional funds as needed. Management reviews its capital management approach on an ongoing basis and believes that this approach, given the relative size of the Company, is reasonable. The Company is not subject to externally imposed capital requirements.

Financial Instruments and Risk

Financial Instruments and Risk Management	9 Months Ended
	Sep. 30, 2022
Financial Instruments and Risk Management	21. Financial Instruments and Risk Management The Company is exposed, through its operations, to the following financial risks: a) Market risk b) Credit risk c) Liquidity risk The Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies, and processes for managing those risks and the methods used to measure them. Further quantitative information in respect of these risks is presented throughout these Statements. There have been no substantive changes in the Company’s exposure to financial instrument risks, its objectives, polices and processes for managing those risks or the methods used to measure them from previous reported periods unless otherwise stated in the note. The overall objective of management is to set policies that seek to reduce risk as far as possible without unduly affecting the Company’s competitiveness and flexibility. Further details regarding these policies are set out below. a) Market risk Market risk is the risk of loss that may arise from changes in market factors such as foreign currency exchange, interest rates and equity price risk. 21. Financial Instruments and Risk Management (continued) (i) Foreign currency risk: Foreign currency risk is the risk that the fair values of future cash flows of a financial instrument will fluctuate because they are denominated in currencies that differ from the respective functional currency. The Company and its subsidiaries are exposed to currency risk as it has transactions denominated in currencies that are different from their functional currencies. The Company does not hedge its exposure to fluctuations in foreign exchange rates. As at September 30, 2022, the Company’s significant foreign exchange currency exposure on its financial instruments, expressed in USD was as follows: If the CAD strengthened or weakened against the USD by 10 543,401 201,206 (ii) Interest rate risk: Interest rate risk is the risk that future cash flows will fluctuate because of changes in market interest rates. The interest earned on cash is insignificant and the Company does not rely on interest income to fund its operations. The Company has significant debt facilities, including convertible debt and promissory notes and loans payable. As the debt facilities are incurring a fixed rate of interest, the Company is not significantly exposed to interest rate risk. (iii) Other price risk: Other price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The Company does not hold equity investments in other entities and therefore is not exposed to a significant risk. b) Credit risk Credit risk is the risk of an unexpected loss if a customer or third party to a financial instrument fails to meet its contractual obligations. The Company is subject to credit risk on its cash. The Company limits its exposure to credit loss on cash by placing its cash with a high-quality financial institution. c) Liquidity risk Liquidity risk arises from the Company’s general and capital financing needs. The Company continuously monitors and reviews both actual and forecasted cash flows, and also matches the maturity profile of financial assets and liabilities, when feasible. The table below summarizes the maturity profile of the Company’s contractual cashflows. Summary of Maturity Profile of the Contractual Cashflows As at September 30, 2022 Less than 1 year 1 - 2 years Later than 2 years Total Accounts payable $ 1,904,876 $ - $ - $ 1,904,876 Loans payable 49,989 40,315 - 90,304 Lease liability 3,988 5,650 - 9,638 Total liabilities $ 1,958,853 $ 45,965 $ - $ 2,004,818 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 21. Financial Instruments and Risk Management (continued) As at December 31, 2021 Less than 1 year 1 - 2 years Later than 2 years Total Accounts payable $ 852,481 $ - $ - $ 852,481 Loans payable 630,534 18,513 - 649,047 Lease liability 6,732 8,592 - 15,324 Total liabilities $ 1,489,747 $ 27,105 $ - $ 1,516,852

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events	22. Subsequent Events Subsequent to September 30, 2022, the Company issued 2,840,000 2,840,000 0.10 0.31 0.08 0.27 405,400 337,400 Subsequent to September 30, 2022, the Company issued 1,500,000 750,000 1,500,000 0.31 0.27 465,000 338,462 Subsequent to September 30, 2022, the Company issued 300,000 300,000 0.08 0.06 24,000 18,000 Subsequent to September 30, 2022, the Company issued 600,000 Subsequent to September 30, 2022, the Company granted 250,000 0.31 0.50 On October 21, 2022, the Company announced that it is electing to accelerate all Warrants issued during March 2021. The Warrants issued in March 2021 contain the following language: “In the event that company’s share prices close at a price of CAD $ 0.15 12,442,663 9,501,584 2,941,079 During November 2022, the Company commenced natural gas production from the South Akcakoca and Akcakoca-3 wells.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Basis of Presentation and Going Concern	(a) Basis of Presentation and Going Concern Consolidation The unaudited consolidated interim financial statements (“Financial Statements”) of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and International Accounting Standards (“IAS”) issued by the International Accounting Standards Board (“IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”), effective for the Company’s reporting for the quarter ended September 30, 2022. These Financial Statements are the first that the Company has prepared in accordance with IFRS. Refer to Note 2(r) for details on the impact of IFRS first-time adoption. The Financial Statements are expressed in U.S. dollars. These Financial Statements include the accounts of the Company and its wholly owned subsidiaries Park Place Energy Corp. (“PPE Corp.”), Park Place Energy Bermuda (“PPE Bermuda”), BG Exploration EOOD (“BG Exploration”), and Park Place Energy Turkey (“PPE Turkey”). All intercompany balances and transactions are eliminated on consolidation. Operating results for the nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. Certain comparative information has been reclassified to conform with the financial statement presentation adopted in the current period. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued)
Use of Estimates and Judgements	(b) Use of Estimates and Judgements In the process of applying the Company’s accounting policies, management has made the following judgements, which have the most significant effect on the amounts recognized in the Financial Statements: Functional Currency The functional currency for the Company and each of its subsidiaries is the currency of the primary economic environment in which the entity operates. Determination of the functional currency involves certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determined the primary economic environment. Determination of Cash Generating Units (CGUs) A CGU is the lowest grouping of integrated assets that generate identifiable cash inflows that are largely independent of the cash inflows of other assets or groups of assets. The allocation of assets into CGUs requires significant judgment and interpretations with respect to the integration between assets, the existence of active markets, similar exposure to market risks, shared infrastructure, and the way in which management monitors the operations. In the process of applying the Company’s accounting policies, management has made the following estimates, which have the most significant effect on the amounts recognized in the Financial Statements: Oil and Gas Reserves The company’s estimate of oil and gas reserves is considered in the measurement of depletion, depreciation, impairment, and decommissioning and restoration obligations. The estimation of reserves is an inherently complex process and involves the exercise of professional judgment. All reserves are evaluated annually, by independent qualified reserves evaluators. Oil and gas reserves estimates are based on a range of geological, technical and economic factors, including projected future rates of production, projected future commodity prices, engineering data, and the timing and amount of future expenditures, all of which are subject to uncertainty. Estimates reflect market and regulatory conditions existing at the evaluation date, which could differ significantly from other points in time throughout the period, or future periods. Changes in market and regulatory conditions and assumptions, as well as climate change, and the evolving worldwide demand for energy and global advancement of alternative sources of energy that are not sourced from fossil fuels can materially impact the estimation of net reserves. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Allowance for doubtful accounts Estimates are inherent in the on-going assessment of the recoverability of trade and other receivables. The Company maintains an allowance for doubtful accounts to reflect the expected credit losses. Uncertainty relates to the actual collectability of customer balances that can vary from the Company’s estimation. Asset Retirement Obligation The company recognizes obligation for the future decommissioning and restoration of the Company’s exploration and evaluation assets and oil and gas properties based on estimated future decommissioning and restoration costs. Management applies judgment in assessing the existence and extent as well as the expected method of reclamation of the company’s decommissioning and restoration obligations at the end of each reporting period. Management also uses judgment to determine whether the nature of the activities performed is related to decommissioning and restoration activities or normal operating activities. Actual costs are uncertain and estimates may vary as a result of changes to relevant laws and regulations related to the use of certain technologies, the emergence of new technology, operating experience, prices and closure plans. The estimated timing of future decommissioning and restoration may change due to certain factors, including reserves life. Changes to estimates related to future expected costs, discount rates, inflation assumptions, and timing may have a material impact on the amounts presented. Impairment of Assets Management applies judgment in assessing the existence of impairment indicators based on various internal and external factors. The recoverable amount of assets is determined based on the higher of fair value less costs of disposal or value-in-use calculations. The key estimates the company applies in determining the recoverable amount normally include estimated future commodity prices, discount rates, expected production volumes, future operating and development costs, income taxes, and operating margins. In determining the recoverable amount, management may also be required to make judgments regarding the likelihood of occurrence of a future event. Changes to these estimates and judgments will affect the recoverable amounts of assets and may then require a material adjustment to their related carrying value. Share-based Compensation The cost of share-based transactions with directors, officers and employees are measured by reference to the fair value of the equity instruments. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining and making assumptions about the most appropriate inputs to the valuation model including the expected life, volatility, risk-free interest rate, expected forfeiture rate and dividend yield of the stock option. Changes to these estimates and judgments will affect the operating result and may then require a material adjustment. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Fair Value of Derivative Liability The Company’s warrants and conversion features with exercise prices denominated in a currency other the Company’s functional currency are recognized as derivatives measured at fair value through the consolidated interim statement of loss and comprehensive loss. Estimating fair value for derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining and making assumptions about the most appropriate inputs to the valuation model including the expected life, volatility, risk-free interest rate, expected forfeiture rate and dividend yield of the derivatives. Changes to these estimates and judgments will affect the operating result and may then require a material adjustment. Deferred Income Tax Judgments are made by management at the end of the reporting period to determine the likelihood that deferred income tax assets will be realized from future taxable earnings. Assessing the recoverability of deferred income tax assets requires the Company to make judgments related to the expectations of future cash flows from operations and the application of existing tax laws in each jurisdiction. To the extent that assumptions regarding future profitability change, there can be an increase or decrease in the amounts recognized in consolidated interim statement of loss and comprehensive loss in the period in which the change occurs.
Cash and Cash Equivalents	(c) Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.
Revenue Recognition	(d) Revenue Recognition Revenue from Contracts with Customers The Company recognizes revenue when it satisfies its performance obligation(s) by transferring control over a product to a customer. Revenue is measured based on the consideration the Company expects to receive in exchange for those products. Performance Obligations and Significant Judgments The Company sells oil and natural gas products in Turkey. The Company enters into contracts that generally include one type of distinct product in variable quantities and priced based on a specific index related to the type of product. The oil and natural gas are typically sold in an unprocessed state to processors and other third parties for processing and sale to customers. The Company recognizes revenue at a point in time when control of the oil is transferred. For oil sales, control is typically transferred to the customer upon receipt at the wellhead or a contractually agreed upon delivery point. Under the Company’s natural gas contracts with processors, control transfers upon delivery at the wellhead or the inlet of the processing entity’s system. For the Company’s other natural gas contracts, control transfers upon delivery at the inlet or to a contractually agreed upon delivery point. In the cases where the Company sells to a processor, the Company has determined that the Company is the principal in the arrangement and the processors are the Company’s customers. The Company recognizes the revenue in these contracts based on the net proceeds received from the processor. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) For the Company’s product sales that have a contract term greater than one year, the Company uses the practical expedient in IFRS 15 Paragraph 121(a) which states the Company is not required to disclose the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to an unsatisfied performance obligation. Under these sales contracts, each unit of product represents a separate performance obligation; therefore, future volumes are unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required. The Company has no unsatisfied performance obligations at the end of each reporting period. The Company does not believe that significant judgments are required with respect to the determination of the transaction price, including any variable consideration identified. There is a low level of uncertainty due to the precision of measurement and use of index-based pricing with predictable differentials. Additionally, any variable consideration identified is not constrained.
Accounts Receivable	(e) Accounts Receivable Accounts receivable consist primarily of oil and gas receivables. The Company has classified these as short-term assets in the consolidated statement of financial position because the Company expects repayment or recovery within the next 12 months. The Company evaluates these accounts receivable for collectability and, when necessary, records allowances for expected unrecoverable amounts. The Company deems all accounts receivable to be collectable and has not recorded any allowance for doubtful accounts.
Exploration and Evaluation Assets	(f) Exploration and Evaluation Assets Pre-license exploration costs are recognized in the consolidated statement of operations and comprehensive loss as incurred. The costs to acquire non-producing oil and gas properties or licenses to explore, drill exploratory wells and the costs to evaluate the commercial potential of underlying resources, including related borrowing costs, are initially capitalized as exploration and evaluation assets. Exploration and evaluation assets are subject to technical, commercial and management review to confirm the continued intent to develop and extract the underlying resources. If an area or exploration well is no longer considered commercially viable, the related capitalized costs are charged to exploration expense. Exploration and evaluation assets are not subject to depreciation, depletion and amortization. When management determines with reasonable certainty that an exploration and evaluation asset will be developed, as evidenced by the classification of proved or probable reserves and the appropriate internal and external approvals, the asset is transferred to oil and gas properties.
Oil and Gas Properties	(g) Oil and Gas Properties Oil and gas properties (“O&G”) include exploration and evaluation expenditures, development and productions costs, less accumulated depletion and depreciation and accumulated impairment loss. O&G are grouped into cash generating units for impairment testing. The Company has grouped its O&G into two CGUs: the Cendere Oil Field and SASB Gas Field. When significant parts of an item of O&G have different useful lives, they are accounted for as separate items (major components). TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Costs incurred subsequent to the determination of technical feasibility and commercial viability and the costs of replacing parts of O&G are capitalized only when they increase the future economic benefits embodied in the specific asset to which they relate. All other expenditures are recognized in consolidated interim statement of loss and comprehensive loss as incurred. Such capitalized items generally represent costs incurred in developing proved and/or probable reserves and bringing on or enhancing production from such reserves, and are accumulated on a field or geotechnical area basis. The carrying amount of any replaced or sold component is derecognized. The costs of the day-to-day servicing of oil ang gas properties are recognized in consolidated interim statement of loss and comprehensive loss as incurred. The net carrying value of oil and gas properties is depleted using the unit-of-production method by reference to the ratio of production in the year to the related proved reserves, taking into account estimated future development costs necessary to bring those reserves into production. These estimates are reviewed by independent reservoir engineers at least annually.
Property and Equipment	(h) Property and Equipment Property and equipment are stated at cost and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives are: other assets are depreciated over 20 years; and leasehold improvements are depreciated over the term of the lease
Impairment of Non-financial Assets	(i) Impairment of Non-financial Assets Exploration and evaluation assets, oil and gas properties, and property and equipment are reviewed when events or changes in circumstances indicate the assets may not be recoverable. Exploration and evaluation assets are also tested for impairment immediately prior to being transferred to oil and gas properties. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Impairment exists when the carrying value of an asset exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. These calculations are based on available data, other observable inputs and projections of cash flows, all of which are subject to estimates and assumptions. Recoverable amounts are also sensitive to assumptions about the future usefulness of in-process development and the related marketing rights.
Provisions	(j) Provisions Provisions are recognized by the company when it has a legal or constructive obligation as a result of past events, it is probable that an outflow of economic resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are recognized for decommissioning and restoration obligations associated with the company’s exploration and evaluation assets and oil and gas properties. Provisions for decommissioning and restoration obligations are measured at the present value of management’s best estimate of the future cash flows required to settle the present obligation, using the risk-free interest rate. The value of the obligation is added to the carrying amount of the associated asset and amortized over the useful life of the asset. The provision is accreted over time with actual expenditures charged against the accumulated obligation. Changes in the future cash flow estimates resulting from revisions to the estimated timing or amount of undiscounted cash flows are recognized as a change in the decommissioning and restoration provision and related asset. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued)
Financial Instruments	(k) Financial Instruments (i) Classification The company classifies its financial instruments into one of the following categories: fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVOCI”), or at amortized cost. This determination is made at initial recognition. All financial instruments are initially recognized at fair value on the balance sheet, net of any transaction costs except for financial instruments classified as FVTPL, where transaction costs are expensed as incurred. Subsequent measurement of financial instruments is based on their classification. The company classifies its derivative liability and cash and cash equivalents as FVTPL, accounts receivable and notes receivable as financial assets at amortized cost, and accounts payable, loans payable, and convertible notes as financial liabilities at amortized cost. Embedded derivative in other financial instruments or other host contracts are recorded as separate derivatives when their risks and characteristics are not closely related to those of the host contract. (ii) Measurement Financial assets and liabilities at amortized cost Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities at FVTPL Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in the statements of loss and comprehensive loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the statements of operations and comprehensive loss in the period in which they arise. Debt investments at FVTOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Equity investments at FVTOCI These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss. (iii) Impairment of Financial Assets at Amortized Cost The Company recognizes a loss allowance for expected credit losses on financial assets that are measured at amortized cost. At each reporting date, the Company measures the loss allowance for the financial asset at an amount equal to the lifetime expected credit losses if the credit risk on the financial asset has increased significantly since initial recognition. If at the reporting date, the financial asset has not increased significantly since initial recognition, the Company measures the loss allowance for the financial asset at an amount equal to the twelve month expected credit losses. The Company shall recognize in the statements of loss and comprehensive loss, as an impairment gain or loss, the amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (iv) Derecognition Financial assets The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire. The Company also derecognizes a financial liability when the terms of the liability are modified such that the terms and / or cash flows of the modified instrument are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. Gains and losses on derecognition are recognized in profit or loss.
Income Taxes	(l) Income Taxes Current Income Tax: Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred Tax: Deferred tax is recognized on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that future taxable income will be available to allow all or part of the temporary differences to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted and are expected to apply by the end of the reporting period. Deferred tax assets and deferred income tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued)
Foreign Currency Translation	(m) Foreign Currency Translation Functional currencies of the Company’s individual entities are the currency of the primary economic environment in which the entity operates. Transactions in foreign currencies are translated to the appropriate functional currency at foreign exchange rates that approximate those on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the appropriate functional currency at foreign exchange rates as at the balance sheet date. Foreign exchange differences arising on translation are recognized in net earnings. Non-monetary assets that are measured in a foreign currency at historical cost are translated using the exchange rate at the date of the transaction. In preparing the Company’s Financial Statements, the financial statements of each entity are translated into US dollar (“USD”), the presentation currency of the Company. The assets and liabilities of foreign operations are translated into USD at exchange rates as at the balance sheet date. Revenues and expenses of foreign operations are translated into USD using foreign average exchange rates for the period. Foreign exchange differences are recognized in other comprehensive income or loss. The functional currency of the Company’s Bulgarian operations is the Bulgarian Lev. The functional currency of the Company’s Turkish operations is the Turkish Lira. Prior to January 1, 2022, the functional currency of Trillion Energy International Inc. was USD. The Company redomiciled from United States to Canada and became a Canadian Company in January 2022, resulting in the parent’s expenditures being denominated primarily in Canadian dollar (“CAD”) and the Company being funded primarily from issuance of equity instruments which proceeds are in CAD. As a result, the Company determined that the functional currency of the parent was changed to CAD effective January 1, 2022. The Company has accounted for the change in functional currency prospectively with no impact of this change on prior period comparative information. The Company has made an accounting policy choice to reassess the classification of financial instruments as liabilities or equity or vice versa as applicable when the functional currency of the Company or its subsidiaries changes. The policy will be applied consistently in the future. As a result, certain of the Company’s CAD denominated warrants with a carrying value of $ 472,899 163,162
Stock-Based Compensation	(n) Stock-Based Compensation Under the company’s share-based compensation plans, share-based awards may be granted to executives, employees and nonemployee directors. Stock options that give the holder the right to purchase common shares are accounted for as equity-settled plans. The expense is based on the fair value of the options at the time of grant using the Black-Scholes options pricing model and is recognized over the vesting periods of the respective options. A corresponding increase is recorded to option reserve. Consideration paid to the company on exercise of options is credited to share capital and the associated amount in option reserve is reclassified to share capital. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued)
Unit Offerings	(o) Unit Offerings Common shares are classified as equity. Proceeds from unit placements are allocated between shares and warrants issued using the residual method. The residual method first allocates fair value to the component with the best evidence of fair value and then the residual value, if any, to the less easily measurable component. The fair value of the common shares, measured on date of issue, was determined to be the component with the best evidence of fair value. The balance, if any, is allocated to the attached warrants. Costs directly identifiable with share capital financings are charged against share capital. If the subscription is not funded upon issuance, the Company records a receivable as a contra account to shareholders’ equity.
Loss per Share	(p) Loss per Share Basic earnings per share is calculated by dividing the net earnings for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average number of common shares outstanding for dilutive common shares. The number of shares included is computed using the treasury stock method. As certain instrument can be exchanged for common shares of the Company, they are considered potentially dilutive and are included in the calculation of the company’s diluted net earnings per share if they have a dilutive impact in the period.
Leases	(q) Leases At inception of a contract, the company assesses whether a contract is, or contains, a lease based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured based on the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset on the site on which it is located, less any lease incentives received. The assets are depreciated to the earlier of the end of the useful life of the right-of-use asset or the lease term. Judgment is applied to determine the lease term where a renewal option exists. Right-of-use assets are depreciated using the straight-line method as this most closely reflects the expected pattern of consumption of the future economic benefits. In addition, the right-of-use assets may be reduced by impairment losses or adjusted for certain remeasurements of the lease liability. The company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of twelve months or less. The lease payments are recognized as an expense when incurred over the lease term. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company’s incremental borrowing rate. Lease payments include fixed payments, and variable payments that are based on an index or rate. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Cash payments for the principal portion of the lease liability are presented within the financing activities section and the interest portion of the lease liability is presented within the operating activities section of the statement of cash flows. Short-term lease payments and variable lease payments not included in the measurement of the lease liability are presented within the operating activities section of the statement of cash flows.
First-time Adoption of IFRS	(r) First-time Adoption of IFRS These Financial Statements for the quarter ended September 30, 2022, are the first the Company has prepared in accordance with IFRS. The Company previously prepared its financial statements, up to and including December 31, 2021, in accordance with accounting principles generally accepted in the United States (“US GAAP”). Accordingly, the Company has prepared financial statements that comply with IFRS applicable as at September 30, 2022, together with the comparative period data for the year ended December 31, 2021. In preparing the financial statements, the Company’s opening statement of financial position was prepared as at January 1, 2021, the Company’s date of transition to IFRS. This note explains the principal adjustments made by the Company in restating its US GAAP financial statements. Exemptions applied IFRS 1 allows first-time adopters certain exemptions from the retrospective application of certain requirements under IFRS. The Company has applied the following exemptions: IFRS 3 Business Combinations has not been applied to either acquisitions of subsidiaries that are considered businesses under IFRS, or acquisitions of interests in associates and joint ventures that occurred before January 1, 2021. Use of this exemption means that the US GAAP carrying amounts of assets and liabilities, that are required to be recognized under IFRS, are their deemed cost at the date of the acquisition. After the date of the acquisition, measurement is in accordance with IFRS. Assets and liabilities that do not qualify for recognition under IFRS are excluded from the opening IFRS statement of financial position. The Company did not recognize any assets or liabilities that were not recognized under US GAAP or exclude any previously recognized amounts as a result of IFRS recognition requirements. The Company has not restated contracts that were completed before January 1, 2021, under IFRS 15 “Revenue from Contracts with Customers”. A completed contract is a contract for which the Company has transferred all of the goods and services identified in accordance with US GAAP. The Company assessed all contracts existing at January 1, 2021 to determine whether a contract contains a lease based upon the conditions in place as at January 1, 2021 in accordance with IFRS 16 “Leases”. Lease liabilities were measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate at January 1, 2021. Right-of-use assets were measured at the amount equal to the lease liabilities, adjusted by the amount of any prepaid or accrued lease payments relating to that lease recognized in the statement of financial position immediately before January 1, 2021. The lease payments associated with leases for which the lease term ends within 12 months of the date of transition to IFRS and leases for which the underlying asset is of low value have been recognized as an expense on either a straight-line basis over the lease term or another systematic basis. The transition to IFRS 16 did not result in any material impact on the Company’s financial position as at December 31, 2021 and 2020, or operation results for the nine months ended September 30, 2021, and therefore, no adjustment has been proposed accordingly. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) IFRS 1 allows an entity that used full cost accounting under its previous GAAP to elect, at the time of adoption to IFRS, to measure oil and gas assets in the development and production phases by allocating the amount determined under the entity’s previous GAAP for those assets to the underlying assets pro rata using a reasonable method as of that date. The costs of development and production assets have been separately recorded by the Company for each group of assets. As the Company elected the oil and gas assets IFRS 1 exemption, the asset retirement obligation (“ARO”) exemption available to full cost entities was also elected. This exemption allows for the re-measurement of ARO on IFRS transition with the offset to accumulated deficit. The Company has elected the IFRS 1 exemption that allows the Company an exemption from applying IFRS 2 “Share-Based Payments” to equity instruments which vested and settled before the Company’s transition date to IFRS. The Company has elected the IFRS 1 exemption that allows the Company an exemption from applying IFRS 9 “Financial Instruments” to financial instruments that were derecognized before the date of transition to IFRS on January 1, 2021. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Reconciliation of financial position as at January 1, 2021 (date of transition to IFRS) Summary of Reconciliation of Financial Position Notes US GAAP Effect of Transition to IFRS IFRS ASSETS Current assets: Cash and cash equivalents $ 202,712 $ - $ 202,712 Account receivables 773,311 - 773,311 Prepaid expenses and deposits 24,302 - 24,302 Total current assets 1,000,325 - 1,000,325 Oil and gas properties, net (1), (5) 5,346,916 (3,122,443 ) 2,224,743 Exploration and evaluation assets (1 ) - 3,122,443 3,122,443 Property and equipment, net 128,257 - 128,257 Restricted cash 11,763 - 11,763 Total assets $ 6,487,261 $ - $ 6,487,261 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 1,496,510 $ - $ 1,496,510 Loans payable - current 549,424 - 549,424 Lease liability - current 12,116 - 12,116 Total current liabilities 2,058,050 - 2,058,050 Asset retirement obligation (2 ) 4,010,624 5,344,798 9,355,422 Loans payable 17,730 - 17,730 Convertible debt 11,027 - 11,027 Derivative liability 1,804,572 - 1,804,572 Lease liability 27,693 - 27,693 Total liabilities 7,929,696 5,344,798 13,274,494 Stockholders’ deficiency: Common stock 1,253 - 1,253 Additional paid-in capital (3 ) 27,508,468 (27,508,468 ) - Share premium (3 ) 26,331,369 26,331,369 Stock subscriptions and stock to be issued 15,342 - 15,342 Warrant and option reserve (3 ) - 1,177,099 1,177,099 Accumulated other comprehensive loss (490,172 ) - (490,172 ) Notes and amounts receivable for equity issued Shares to be cancelled Obligation to Issue Shares Accumulated deficit (28,477,326 ) (5,344,798 ) (33,822,124 ) Total stockholders’ deficiency (1,442,435 ) (5,344,798 ) (6,787,233 ) Total liabilities and stockholders’ deficiency $ 6,487,261 $ - $ 6,487,261 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Reconciliation of financial position as at December 31, 2021 Notes US GAAP Effect of Transition to IFRS IFRS ASSETS Current assets: Cash and cash equivalents $ 1,026,990 $ - $ 1,026,990 Accounts receivable 709,805 - 709,805 Prepaid expenses and deposits 95,503 - 95,503 Total current assets 1,832,298 - 1,832,298 Oil and gas properties, net (1), (2), (5) 5,172,943 (3,752,330 ) 1,420,613 Exploration and evaluation assets (1 ) - 3,116,146 3,116,146 Property and equipment, net 147,134 - 147,134 Restricted cash 5,438 - 5,438 Total assets $ 7,157,813 $ (636,184 ) $ 6,521,629 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 852,481 $ - $ 852,481 Loans payable 630,534 - 630,534 Lease liability 6,732 - 6,732 Total current liabilities 1,489,747 - 1,489,747 Asset retirement obligation (2 ) 4,426,978 4,566,130 8,993,108 Loans payable 18,513 - 18,513 Derivative liability 472,899 - 472,899 Lease liability 8,592 - 8,592 Total liabilities 6,416,729 4,566,130 10,982,859 Stockholders’ equity (deficiency): Common stock 1,828 - 1,828 Additional paid-in capital (3), (4) 33,295,413 (33,295,413 ) - Share premium (3), (4) - 32,175,293 32,175,293 Notes and amounts receivable for equity issued (1,193,641 ) - (1,193,641 ) Warrant and option reserve (3 ) - 1,040,779 1,040,779 Shares to be cancelled 5,323 - 5,323 Obligation to Issue Shares 7,450 - 7,450 Accumulated other comprehensive loss (847,412 ) - (847,412 ) Accumulated deficit (30,527,877 ) (5,122,973 ) (35,650,850 ) Total stockholders’ equity (deficiency) 741,084 (5,202,314 ) (4,461,230 ) Total liabilities and stockholders’ equity (deficiency) $ 7,157,813 $ (636,184 ) $ 6,521,629 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Reconciliation of operation results for the nine months ended September 30, 2021 Notes US GAAP Effect of Transition to IFRS IFRS Revenue Oil and natural gas sales $ 2,837,024 $ - $ 2,837,024 Cost and expenses Production 2,008,383 - 2,008,383 Depletion (5 ) 191,263 151,895 343,158 Depreciation 20,790 - 20,790 Accretion of asset retirement obligation (2 ) 308,379 (239,515 ) 68,864 Investor relations 794,295 794,295 Stock based compensation 161,291 - 161,291 General and administrative 1,540,138 - 1,540,138 Total expenses 5,024,539 (87,620 ) 4,936,919 Loss before other income (expenses) (2,187,515 ) 87,620 (2,099,895 ) Other income (expenses) Interest expense (119,871 ) - (119,871 ) Interest income 27,450 - 27,450 Finance cost (137,884 ) - (137,884 ) Foreign exchange loss (13,258 ) - (13,258 ) Other expense (40 ) - (40 ) Loss on debt extinguishment (4 ) (238,724 ) 79,341 (159,383 ) Change in fair value of derivative liability 507,446 - 507,446 Total other expenses 25,119 79,341 104,460 Net loss for the period $ (2,162,396 ) $ 166,961 $ (1,995,435 ) Loss per share $ (0.01 ) $ - $ (0.01 ) Weighted average number of shares outstanding 150,439,108 - 150,439,108 Other comprehensive loss Foreign currency translation adjustments $ (119,650 ) $ - $ (119,650 ) Comprehensive loss $ (2,282,046 ) $ 166,961 $ (2,115,085 ) Notes to the reconciliations The reconciling items between US GAAP and IFRS presentation have no significant effect on the cash flows generated. Therefore, a reconciliation of cash flows has not been presented above. TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) (1) Exploration and evaluation assets (“E&E assets”) An adjustment has been made to reclassify the presentation of the Company’s Bulgarian property as exploration and evaluation assets as it is not a property under development or production, in accordance with IFRS. (2) Asset retirement obligation Under US GAAP, the ARO was discounted at a rate of 10 5,344,798 0.93 1.49 As a result of the change in discount rate, the ARO accretion expense decreased by $ 239,515 (3) Option reserve and share premium Under US GAAP, share-based payments were presented as additional paid-in capital. Upon transition to IFRS, a reclassification adjustment has been made to separately present the amount related to share-based compensation of $ 1,177,099 (4) Loss on convertible debt extinguishment Under US GAAP, when conversion features have been bifurcated from the conversion debt host and accounted for as liabilities, no equity conversion feature remains in the debt instrument. The liabilities for the debt and the conversion feature are extinguished in exchange for common shares, the difference between the carrying value of the liabilities and the fair value of the common shares ae recorded as a gain or loss. IFRS requires the entity to derecognize the liability component and recognize it as equity on conversion of a convertible instrument and no gain or loss is recognized. As a result of the difference between the two accounting standards, for the nine months ended September 30, 2021, the loss on debt extinguishment decreased by $ 79,341 (5) Depletion The Company is depleting its oil and gas properties over the proved reserves. IFRS requires an entity to include the estimated future costs to develop the reserves in the calculation of depletion. The calculation of depletion under US GAAP did not include the estimated future development costs as the Company applied Electronic Code of Federal Regulation Title 17 Section 210.4-1, Financial accounting and reporting for oil and gas producing activities pursuant to the Federal securities laws and the Energy Policy and Conservation Act of 1975, to exclude the estimated future expenditures associated with a major development. As a result, oil and gas properties, net, increased by $ 181,888 nil 151,895

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Reconciliation of Financial Position	Reconciliation of financial position as at January 1, 2021 (date of transition to IFRS) Summary of Reconciliation of Financial Position Notes US GAAP Effect of Transition to IFRS IFRS ASSETS Current assets: Cash and cash equivalents $ 202,712 $ - $ 202,712 Account receivables 773,311 - 773,311 Prepaid expenses and deposits 24,302 - 24,302 Total current assets 1,000,325 - 1,000,325 Oil and gas properties, net (1), (5) 5,346,916 (3,122,443 ) 2,224,743 Exploration and evaluation assets (1 ) - 3,122,443 3,122,443 Property and equipment, net 128,257 - 128,257 Restricted cash 11,763 - 11,763 Total assets $ 6,487,261 $ - $ 6,487,261 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 1,496,510 $ - $ 1,496,510 Loans payable - current 549,424 - 549,424 Lease liability - current 12,116 - 12,116 Total current liabilities 2,058,050 - 2,058,050 Asset retirement obligation (2 ) 4,010,624 5,344,798 9,355,422 Loans payable 17,730 - 17,730 Convertible debt 11,027 - 11,027 Derivative liability 1,804,572 - 1,804,572 Lease liability 27,693 - 27,693 Total liabilities 7,929,696 5,344,798 13,274,494 Stockholders’ deficiency: Common stock 1,253 - 1,253 Additional paid-in capital (3 ) 27,508,468 (27,508,468 ) - Share premium (3 ) 26,331,369 26,331,369 Stock subscriptions and stock to be issued 15,342 - 15,342 Warrant and option reserve (3 ) - 1,177,099 1,177,099 Accumulated other comprehensive loss (490,172 ) - (490,172 ) Notes and amounts receivable for equity issued Shares to be cancelled Obligation to Issue Shares Accumulated deficit (28,477,326 ) (5,344,798 ) (33,822,124 ) Total stockholders’ deficiency (1,442,435 ) (5,344,798 ) (6,787,233 ) Total liabilities and stockholders’ deficiency $ 6,487,261 $ - $ 6,487,261 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Reconciliation of financial position as at December 31, 2021 Notes US GAAP Effect of Transition to IFRS IFRS ASSETS Current assets: Cash and cash equivalents $ 1,026,990 $ - $ 1,026,990 Accounts receivable 709,805 - 709,805 Prepaid expenses and deposits 95,503 - 95,503 Total current assets 1,832,298 - 1,832,298 Oil and gas properties, net (1), (2), (5) 5,172,943 (3,752,330 ) 1,420,613 Exploration and evaluation assets (1 ) - 3,116,146 3,116,146 Property and equipment, net 147,134 - 147,134 Restricted cash 5,438 - 5,438 Total assets $ 7,157,813 $ (636,184 ) $ 6,521,629 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 852,481 $ - $ 852,481 Loans payable 630,534 - 630,534 Lease liability 6,732 - 6,732 Total current liabilities 1,489,747 - 1,489,747 Asset retirement obligation (2 ) 4,426,978 4,566,130 8,993,108 Loans payable 18,513 - 18,513 Derivative liability 472,899 - 472,899 Lease liability 8,592 - 8,592 Total liabilities 6,416,729 4,566,130 10,982,859 Stockholders’ equity (deficiency): Common stock 1,828 - 1,828 Additional paid-in capital (3), (4) 33,295,413 (33,295,413 ) - Share premium (3), (4) - 32,175,293 32,175,293 Notes and amounts receivable for equity issued (1,193,641 ) - (1,193,641 ) Warrant and option reserve (3 ) - 1,040,779 1,040,779 Shares to be cancelled 5,323 - 5,323 Obligation to Issue Shares 7,450 - 7,450 Accumulated other comprehensive loss (847,412 ) - (847,412 ) Accumulated deficit (30,527,877 ) (5,122,973 ) (35,650,850 ) Total stockholders’ equity (deficiency) 741,084 (5,202,314 ) (4,461,230 ) Total liabilities and stockholders’ equity (deficiency) $ 7,157,813 $ (636,184 ) $ 6,521,629 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 2. Summary of Significant Accounting Policies (continued) Reconciliation of operation results for the nine months ended September 30, 2021 Notes US GAAP Effect of Transition to IFRS IFRS Revenue Oil and natural gas sales $ 2,837,024 $ - $ 2,837,024 Cost and expenses Production 2,008,383 - 2,008,383 Depletion (5 ) 191,263 151,895 343,158 Depreciation 20,790 - 20,790 Accretion of asset retirement obligation (2 ) 308,379 (239,515 ) 68,864 Investor relations 794,295 794,295 Stock based compensation 161,291 - 161,291 General and administrative 1,540,138 - 1,540,138 Total expenses 5,024,539 (87,620 ) 4,936,919 Loss before other income (expenses) (2,187,515 ) 87,620 (2,099,895 ) Other income (expenses) Interest expense (119,871 ) - (119,871 ) Interest income 27,450 - 27,450 Finance cost (137,884 ) - (137,884 ) Foreign exchange loss (13,258 ) - (13,258 ) Other expense (40 ) - (40 ) Loss on debt extinguishment (4 ) (238,724 ) 79,341 (159,383 ) Change in fair value of derivative liability 507,446 - 507,446 Total other expenses 25,119 79,341 104,460 Net loss for the period $ (2,162,396 ) $ 166,961 $ (1,995,435 ) Loss per share $ (0.01 ) $ - $ (0.01 ) Weighted average number of shares outstanding 150,439,108 - 150,439,108 Other comprehensive loss Foreign currency translation adjustments $ (119,650 ) $ - $ (119,650 ) Comprehensive loss $ (2,282,046 ) $ 166,961 $ (2,115,085 )

Amounts Receivable (Tables)

Amounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2022
Amounts Receivable
Schedule of Amounts Receivable	Schedule of Amounts Receivable September 30, 2022 December 31, 2021 December 31, 2020 Accounts receivable $ 1,147,592 $ 703,140 $ 772,138 GST receivable 56,207 - - Interest receivable 39,424 - - Due from related parties 3,856 4,173 1,173 Other 2,153 2,492 - Amounts receivable, net $ 1,249,232 $ 709,805 $ 773,311

Oil and Gas Properties (Tables)

Oil and Gas Properties (Tables)	9 Months Ended
	Sep. 30, 2022
Oil And Gas Properties
Schedule of Oil and Gas Properties	Schedule of Oil and Gas Properties SASB Cendere Total December 31, 2020 $ 1,236,954 $ 987,519 $ 2,224,473 Expenditures 66,122 - 66,122 Depletion (188,446 ) (227,240 ) (415,686 ) Change in ARO estimate (459,601 ) 5,305 (454,296 ) December 31, 2021 655,029 765,584 1,420,613 Beginning Balance 655,029 765,584 1,420,613 Expenditures 13,202,574 - 13,202,574 Depletion (66,568 ) (145,193 ) (211,761 ) Change in ARO estimate (1,011,016 ) (5,562 ) (1,016,578 ) Foreign currency translation change (2,011,190 ) - (2,011,190 ) September 30, 2022 $ 10,768,829 $ 614,829 $ 11,383,658 Ending Balance $ 10,768,829 $ 614,829 $ 11,383,658

Exploration & Evaluation Asset

Exploration & Evaluation Asset (Tables)	9 Months Ended
	Sep. 30, 2022
Exploration Evaluation Asset
Schedule of Exploration & Evaluation Asset	Schedule of Exploration & Evaluation Asset Unproven Bulgaria December 31, 2020 3,122,443 Foreign currency translation change (6,297 ) December 31, 2021 $ 3,116,146 Beginning Balance $ 3,116,146 Foreign currency translation change 30,030 September 30, 2022 3,146,176 Ending Balance 3,146,176

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Property, Plant and Equipment	Summary of Property, Plant and Equipment Right-of-use Leasehold Other Motor Vehicles Furniture Total December 31, 2020 $ 39,809 $ 68,255 $ 1,815 $ 10,976 $ 7,402 $ 128,257 Additions - - - 180,067 672 180,739 Depreciation (6,920 ) (12,355 ) (290 ) (10,964 ) (1,239 ) (31,768 ) Disposals - - - (65,016 ) - (65,016 ) Foreign currency translation change (15,504 ) (32,559 ) (1,345 ) (16,075 ) 405 (65,078 ) December 31, 2021 $ 17,385 $ 23,341 $ 180 $ 98,988 $ 7,240 $ 147,134 Beginning Balance $ 17,385 $ 23,341 $ 180 $ 98,988 $ 7,240 $ 147,134 Additions - 32,343 979 96,224 19,707 149,253 Depreciation (3,657 ) (4,933 ) (201 ) (44,130 ) (3,596 ) (56,517 ) Foreign currency translation change (4,975 ) (2,801 ) (175 ) (11,153 ) (1,114 ) (20,218 ) September 30, 2022 $ 8,753 $ 47,950 $ 783 $ 139,929 $ 22,237 $ 219,652 Ending Balance $ 8,753 $ 47,950 $ 783 $ 139,929 $ 22,237 $ 219,652

Loans Payable (Tables)

Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2022
Schedule of Loans Payable	Schedule of Loans Payable As at September 30, 2022 December 31, 2021 December 31, 2020 Unsecured, interest bearing loans at 10 1 $ 11,810 $ 107,167 $ 184,235 Unsecured, interest bearing loans at 12 1 - 39,069 309,806 Unsecured, interest bearing loan at 19.4 2 14,730 25,642 - Unsecured, interest bearing loan at 20.5 3 - - 25,625 Unsecured, interest bearing loan at 13.25 4 - 3,534 41,533 Unsecured, interest bearing loan at 15 5 - 473,635 - Unsecured, interest bearing loan at 45.33 6 63,764 - - Non-interest bearing loans - - 5,955 Total loans payable 90,304 649,047 567,154 Current portion of loans payable (49,989 ) (630,534 ) (549,424 ) Long-term portion of loans payable $ 40,315 $ 18,513 $ 17,730 (1) Loans bearing interest, accrue at 10 12 (2) On November 15, 2021, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 350,000 25,600 November 15, 2024 19.44 4,426 nil 2,944 nil (3) On August 2, 2019, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 300,000 53,600 August 2, 2022 20.5 nil 8,673 nil 2,754 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 8. Loans Payable (continued) (4) On February 4, 2020, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 500,000 83,500 February 4, 2022 13.25 3,005 21,607 47 2,409 (5) On March 4, 2021, the Company received $ 500,000 15 1,000,000 0.16 152,750 0 229 0.08 2.00 26,365 87,884 18,082 43,151 (6) On May 25, 2022, Garanti Bank extended a long-term loan to Park Place Turkey Limited in the amount of ₺ 1,500,000 91,961 May 23, 2024 45.33 20,183 13,169

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Changes in ROU Assets	Summary of Changes in ROU Assets Lease liability September 30, 2022 December 31, 2021 December 31, 2020 Beginning balance $ 15,324 $ 39,809 $ 4,759 Additions, cost - - 57,919 Interest expense 1,121 3,480 4,771 Lease payments (4,293 ) (11,114 ) (16,574 ) Foreign exchange impact (2,514 ) (16,851 ) (11,066 ) Ending balance $ 9,638 $ 15,324 $ 39,809
Summary of Lease Liability	As at September 30, 2022, the Company’s lease liability is as follows: Summary of Lease Liability Lease liability September 30, 2022 December 31, 2021 December 31, 2020 Current portion of operating lease liability $ 3,988 $ 6,732 $ 12,116 Long-term portion of operating lease liability 5,650 8,592 27,693 Lease liability $ 9,638 $ 15,324 $ 39,809
Summary of Future Minimum Lease Payments	Future minimum lease payments to be paid by the Company as a lessee as of September 30, 2022 are as follows: Summary of Future Minimum Lease Payments Operating lease commitments and lease liability Remainder of 2022 $ 1,213 2023 4,852 2024 4,852 Total future minimum lease payments 10,917 Discount (1,279 ) Total $ 9,638

Notes and Amounts Receivable _2

Notes and Amounts Receivable for Equity Issued (Tables)	9 Months Ended
	Sep. 30, 2022
Notes And Amounts Receivable For Equity Issued
Schedule of Notes and Amounts Receivable for Equity Issued	Schedule of Notes and Amounts Receivable for Equity Issued September 30, 2022 Notes receivable $ 1,109,032 Amounts receivable 52,977 * Notes and Amounts Receivable for Equity Issued $ 1,162,009 * Consists of receivables for the exercise of warrants and options at various exercise prices during the year ended December 31, 2021 and nine months ended September 30, 2022. The receivables are unsecured, non-interest-bearing and due on demand.
Schedule of Promissory Notes	See summary table below for terms specific to the promissory note. Schedule of Promissory Notes # of Securities exercised Principal Maturity date Interest rate Current 500,000 $ 48,087 September 30, 2021 5 500,000 $ 48,087 December 31, 2021 5 500,000 $ 48,087 November 30, 2021 5 250,000 $ 24,044 November 30, 2021 5 150,000 $ 14,426 December 31, 2021 5 2,236,667 $ 189,680 November 10, 2022 5 1,000,000 $ 95,924 November 10, 2022 5 2,620,000 $ 146,639 November 10, 2022 5 670,000 $ 34,846 November 10, 2022 5 500,000 $ 48,088 July 31, 2023 5 1,500,000 $ 144,261 July 31, 2023 5 1,000,000 $ 96,174 July 31, 2023 5 200,000 $ 19,235 July 28, 2023 5 2,360,000 $ 226,971 July 28, 2023 5 Total 13,986,667 * $ 1,184,549 * Includes 12,176,667 1,810,000
Schedule of Promissory Note Receivable	The following is a continuity of the Company’s promissory note receivable: Schedule of Promissory Note Receivable Notes Receivable Balance, January 1, 2021 $ - Additions 1,184,549 Repayments (23,745 ) Accrued interest 17,733 Foreign exchange loss on revaluation (19,705 ) Balance, December 31, 2021 $ 1,158,832 Repayments (See Note 17) (49,800 ) Balance, September 30, 2022 $ 1,109,032

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2022
Asset Retirement Obligations
Schedule of Asset Retirement Obligations	The following is a continuity of the Company’s asset retirement obligations: Schedule of Asset Retirement Obligations September 30, 2022 December 31, 2021 Balance at the beginning of period $ 8,993,108 $ 9,355,422 Accretion expense 147,307 91,982 Change in estimate (1,016,578 ) (454,296 ) Balance at the end of period $ 8,123,837 $ 8,993,108

Convertible Debentures (Tables)

Convertible Debentures (Tables)	9 Months Ended
	Sep. 30, 2022
Convertible Debentures
Schedule of Fair Value Assumptions of Conversion Features	The fair value of the conversion features was determined based on the Black-Scholes Option Pricing Model using the following weighted average assumptions: Schedule of Fair Value Assumptions of Conversion Features 2020 Risk-free interest rate 0.13 % Expected life (years) 1.01 Expected volatility 228 % Dividend yield 0 %
Schedule of Convertible Debt and Embedded Derivative Conversion	A continuity of convertible debt and the embedded derivative conversion feature for the nine months ended September 30, 2022 is as follows: Schedule of Convertible Debt and Embedded Derivative Conversion Host debt instrument Embedded Total Balance, December 31, 2020 11,027 80,342 91,369 Accretion 19,943 - 19,943 Conversion (30,970 ) (80,342 ) (111,312 ) Balance, December 31, 2021 & September 30, 2022 $ - $ - $ - Beginning Balance - - - Accretion - - - Ending Balance - - -

Stock Options (Tables)

Stock Options (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Changes in Stock Options	A continuity of the Company’s outstanding stock options for the nine months ended September 30, 2022 and the year ended December 31, 2021 is presented below: Summary of Changes in Stock Options Number of options Weighted average Outstanding, December 31, 2020 11,900,000 0.11 Granted 450,000 0.32 Exercised (3,910,000 ) 0.11 Expired (150,000 ) 0.18 Cancelled (650,000 ) 0.16 Outstanding, December 31, 2021 7,640,000 $ 0.12 Granted 2,560,000 0.22 Exercised (785,000 ) 0.09 Outstanding, September 30, 2022 9,415,000 $ 0.15
Schedule of Stock Options Outstanding and Exercisable	At September 30, 2022 the Company had the following outstanding stock options: Schedule of Stock Options Outstanding and Exercisable Outstanding Exercise Price Expiry Date Vested 1,750,000 0.12 October 24, 2023 1,750,000 3,800,000 0.13 September 19, 2024 3,800,000 640,000 0.06 July 31, 2025 640,000 415,000 0.07 December 17, 2022 415,000 2,560,000 0.22 July 26, 2025 1,400,000 250,000 0.28 June 6, 2026 250,000 9,415,000 8,255,000
Schedule of Weighted Average Assumptions	The fair values for stock options granted have been estimated using the Black-Scholes option pricing model using the following weighted average assumptions: Schedule of Weighted Average Assumptions 2022 2021 Risk-free interest rate 3.05 % 33.00 79.00 % Expected life (years) 3 3 5 Expected volatility 175 % 245 257 % Dividend yield 0 % 0 % Weighted average fair value per share 0.22 $ 0.24

Warrants (Tables)

Warrants (Tables)	9 Months Ended
	Sep. 30, 2022
Warrants
Summary of Changes in Warrants	A continuity of the Company’s outstanding share purchase warrants for the nine months ended September 30, 2022 and the year ended December 31, 2021 is presented below: Summary of Changes in Warrants Number of Weighted average exercise price Outstanding, December 31, 2020 35,865,312 0.10 Issued 14,017,663 0.10 Exercised (31,270,314 ) 0.09 Expired (10,768,332 ) 0.13 Outstanding, December 31, 2021 7,844,329 $ 0.10 Issued 103,935,189 0.34 Exercised (3,910,750 ) 0.13 Outstanding, September 30, 2022 107,868,768 $ 0.33
Schedule of Purchase Warrants Outstanding	At September 30, 2022, the Company had the following outstanding share purchase warrants: Schedule of Purchase Warrants Outstanding Outstanding Exercise Price Expiry Date 1,000,000 0.16 March 4, 2023 50,000 0.32 June 6, 2023 1,962,999 0.07 September 8, 2023 1,200,000 0.09 September 8, 2023 358,080 0.08 September 8, 2023 660,000 0.10 September 30, 2023 21,705,438 0.33 March 15, 2024 3,383,939 0.33 March 16, 2024 2,954,545 0.33 March 17, 2024 10,614,123 0.33 March 18, 2024 21,431,754 0.33 March 24, 2024 2,653,000 0.33 March 28, 2024 36,268,450 0.36 June 29, 2025 3,001,440 0.23 June 29, 2025 625,000 0.36 June 29, 2025 107,868,768
Schedule of Warrant Derivative Liability	The following is a continuity of the Company’s derivative warrant liability: Schedule of Warrant Derivative Liability Total Balance, January 1 and December 31, 2020 $ 1,804,572 Issued during the period 621,500 Extinguished during the period (479,535 ) Change in fair value of derivative (1,473,638 ) Balance, December 31, 2021 $ 472,899 Effect of change in functional currency (309,737 ) Change in fair value of derivative 294,373 Foreign currency translation (31,924 ) Balance, September 30, 2022 $ 425,611
Schedule of Weighted Average Assumption for Warrants	Schedule of Weighted Average Assumption for Warrants 2022 Risk-free interest rate 1.21 1.30 Expected life (years) 2 Expected volatility 154 Dividend yield 0 Share price $ 0.24 .031

Restricted Stock Units (Tables)

Restricted Stock Units (Tables)	9 Months Ended
	Sep. 30, 2022
Restricted Stock Units
Schedule of Restricted Stock Units	Schedule of Restricted Stock Units Number of Weighted Balance, December 31, 2020 – $ – Granted 1,325,000 0.16 Vested (1,325,000 ) 0.16 Balance, December 31, 2021 – – Granted 1,150,000 0.17 Vested (650,000 ) 0.13 Balance, September 30, 2022 500,000 0.22

General and Administrative (Tab

General and Administrative (Tables)	9 Months Ended
	Sep. 30, 2022
Schedule of General and Administrative Expense	Schedule of General and Administrative Expense September 30, 2022 September 30, 2021 For the nine months ended September 30, 2022 September 30, 2021 Salaries and compensation $ 2,431,533 $ 1,135,535 Professional fees 525,971 198,175 Office 630,662 29,798 Filing and Transfer Fees 92,574 112,783 Advertising 353,143 - Travel 33,160 - Penalties 30,652 Bank charges and other 11,302 63,847 General and Administrative $ 4,108,997 $ 1,540,138

Geographical Segment Informat_2

Geographical Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Schedule of Geographical Segment Information	Schedule of Geographical Segment Information Canada Turkey Bermuda Bulgaria Total Revenue for the nine months ended September 30, 2022 $ - $ 3,589,368 $ - $ - $ 3,589,368 2021 $ - $ 2,837,024 $ - $ - $ 2,837,024 Revenue $ - $ 2,837,024 $ - $ - $ 2,837,024 Non-current assets as at September 30, 2022 $ 41,699 $ 11,565,531 $ - $ 3,146,176 $ 14,753,406 December 31, 2021 $ - $ 1,573,185 $ - $ 3,116,146 $ 4,689,331 Non-current assets $ - $ 1,573,185 $ - $ 3,116,146 $ 4,689,331

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Maturity Profile of the Contractual Cashflows	The table below summarizes the maturity profile of the Company’s contractual cashflows. Summary of Maturity Profile of the Contractual Cashflows As at September 30, 2022 Less than 1 year 1 - 2 years Later than 2 years Total Accounts payable $ 1,904,876 $ - $ - $ 1,904,876 Loans payable 49,989 40,315 - 90,304 Lease liability 3,988 5,650 - 9,638 Total liabilities $ 1,958,853 $ 45,965 $ - $ 2,004,818 TRILLION ENERGY INTERNATIONAL INC. Notes to the Consolidated Interim Financial Statements For the nine months ended September 30, 2022 and 2021 (Expressed in U.S. dollars) (Unaudited) 21. Financial Instruments and Risk Management (continued) As at December 31, 2021 Less than 1 year 1 - 2 years Later than 2 years Total Accounts payable $ 852,481 $ - $ - $ 852,481 Loans payable 630,534 18,513 - 649,047 Lease liability 6,732 8,592 - 15,324 Total liabilities $ 1,489,747 $ 27,105 $ - $ 1,516,852

Summary of Reconciliation of Fi

Summary of Reconciliation of Financial Position (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,634,040	$ 1,465,568	$ 11,634,040	$ 1,465,568	$ 1,026,990		$ 202,712
Accounts receivable	1,249,232		1,249,232		709,805		773,311
Prepaid expenses and deposits	3,621,576		3,621,576		95,503		24,302
Total current assets	16,504,848		16,504,848		1,832,298		1,000,325
Oil and gas properties, net	11,383,658		11,383,658		1,420,613		2,224,473
Exploration and evaluation assets	3,146,176		3,146,176		3,116,146		3,122,443
Property and equipment, net	219,652		219,652		147,134		128,257
Restricted cash	3,920		3,920		5,438		11,763
Total assets	31,258,254		31,258,254		6,521,629		6,487,261
Current liabilities:
Accounts payable and accrued liabilities	1,904,876		1,904,876		852,481		1,496,510
Loans payable	49,989		49,989		630,534		549,424
Lease liability	3,988		3,988		6,732		12,116
Total current liabilities	1,958,853		1,958,853		1,489,747		2,058,050
Asset retirement obligation	8,123,837		8,123,837		8,993,108		9,355,422
Loans payable	40,315		40,315		18,513		17,730
Derivative liability	425,611		425,611		472,899		1,804,572
Lease liability	5,650		5,650		8,592		27,693
Total liabilities	10,554,266		10,554,266		10,982,859		13,274,494
Stockholders’ equity (deficiency):
Common stock	3,312		3,312		1,828		1,253
Share premium	58,489,325		58,489,325		32,175,293		26,331,369
Warrant and option reserve	5,367,087		5,367,087		1,040,779		1,177,099
Accumulated other comprehensive loss	(3,204,230)		(3,204,230)		(847,412)		(490,172)
Notes and amounts receivable for equity issued	(1,162,009)		(1,162,009)		(1,193,641)
Shares to be cancelled	7,661		7,661		5,323
Obligation to Issue Shares	1,203,496		1,203,496		7,450		15,342
Accumulated deficit	(40,000,654)		(40,000,654)		(35,650,850)		(33,822,124)
Total stockholders’ equity (deficiency)	20,703,988	(11,747,636)	20,703,988	(11,747,636)	(4,461,230)		(6,787,233)
Total liabilities and stockholders’ equity (deficiency)	31,258,254		31,258,254		6,521,629		$ 6,487,261
Revenue
Oil and natural gas sales	1,077,770	879,207	3,589,368	2,837,024
Cost and expenses
Production	647,464	774,249	2,004,869	2,008,383
Depletion	62,888	109,445	211,761	343,158	415,686
Depreciation	12,541	6,982	56,517	20,790
Accretion of asset retirement obligation	64,402	23,037	147,307	68,864
Investor relations	151,474	70,721	511,576	794,295
Stock based compensation	1,410,291		1,495,012	161,291
General and administrative	1,774,447	509,335	4,108,997	1,540,138
Total expenses	4,123,507	1,493,769	8,536,039	4,936,919
Loss before other income (expenses)	(3,045,737)	(614,562)	(4,946,671)	(2,099,895)
Other income (expenses)
Interest expense	(118)	(46,116)	(28,426)	(119,871)
Interest income	8,992	16,520	44,067	27,450
Finance cost	(22,649)	(88,502)	(52,097)	(137,884)
Foreign exchange loss	907,864	(12,344)	1,236,484	(13,298)
Loss on debt extinguishment	(105)	(13,718)	71,131	(159,383)
Change in fair value of derivative liability	66,797	6,205,914	(294,373)	507,446
Total other income (expense)	580,862	6,061,754	596,867	104,460
Net income (loss)	$ (2,464,875)	$ 5,447,192	$ (4,349,804)	$ (1,995,435)
Loss per share	$ (0.01)	$ 0.04	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	371,531,909	150,439,108	290,281,681	178,410,202
Other comprehensive loss
Foreign currency translation adjustments	$ (1,631,932)	$ 66,194	$ (2,356,818)	$ (119,650)
Comprehensive income (loss)	$ (4,096,807)	$ 5,513,386	(6,706,622)	(2,115,085)
IFRS [member]
Revenue
Oil and natural gas sales				2,837,024
Cost and expenses
Production				2,008,383
Depletion				343,158
Depreciation				20,790
Accretion of asset retirement obligation				68,864
Investor relations				794,295
Stock based compensation				161,291
General and administrative				1,540,138
Total expenses				4,936,919
Loss before other income (expenses)				(2,099,895)
Other income (expenses)
Interest expense				(119,871)
Interest income				27,450
Finance cost				(137,884)
Foreign exchange loss				(13,258)
Other expense				(40)
Loss on debt extinguishment				(159,383)
Change in fair value of derivative liability				507,446
Total other income (expense)				104,460
Net income (loss)				$ (1,995,435)
Loss per share				$ (0.01)
Weighted average number of shares outstanding				150,439,108
Other comprehensive loss
Foreign currency translation adjustments				$ (119,650)
Comprehensive income (loss)				(2,115,085)
Previously stated [member]
Current assets:
Cash and cash equivalents					1,026,990	$ 202,712
Accounts receivable					709,805	773,311
Prepaid expenses and deposits					95,503	24,302
Total current assets					1,832,298	1,000,325
Oil and gas properties, net					5,172,943	5,346,916
Exploration and evaluation assets
Property and equipment, net					147,134	128,257
Restricted cash					5,438	11,763
Total assets					7,157,813	6,487,261
Current liabilities:
Accounts payable and accrued liabilities					852,481	1,496,510
Loans payable					630,534	549,424
Lease liability					6,732	12,116
Total current liabilities					1,489,747	2,058,050
Asset retirement obligation					4,426,978	4,010,624
Loans payable					18,513	17,730
Convertible debt						11,027
Derivative liability					472,899	1,804,572
Lease liability					8,592	27,693
Total liabilities					6,416,729	7,929,696
Stockholders’ equity (deficiency):
Common stock					1,828	1,253
Additional paid-in capital					33,295,413	27,508,468
Share premium
Stock subscriptions and stock to be issued						15,342
Warrant and option reserve
Accumulated other comprehensive loss					(847,412)	(490,172)
Notes and amounts receivable for equity issued					(1,193,641)
Shares to be cancelled					5,323
Obligation to Issue Shares					7,450
Accumulated deficit					(30,527,877)	(28,477,326)
Total stockholders’ equity (deficiency)					741,084	(1,442,435)
Total liabilities and stockholders’ equity (deficiency)					7,157,813	6,487,261
Revenue
Oil and natural gas sales				2,837,024
Cost and expenses
Production				2,008,383
Depletion				191,263
Depreciation				20,790
Accretion of asset retirement obligation				308,379
Investor relations				794,295
Stock based compensation				161,291
General and administrative				1,540,138
Total expenses				5,024,539
Loss before other income (expenses)				(2,187,515)
Other income (expenses)
Interest expense				(119,871)
Interest income				27,450
Finance cost				(137,884)
Foreign exchange loss				(13,258)
Other expense				(40)
Loss on debt extinguishment				(238,724)
Change in fair value of derivative liability				507,446
Total other income (expense)				25,119
Net income (loss)				$ (2,162,396)
Loss per share				$ (0.01)
Weighted average number of shares outstanding				150,439,108
Other comprehensive loss
Foreign currency translation adjustments				$ (119,650)
Comprehensive income (loss)				(2,282,046)
Previously stated [member] | IFRS [member]
Current assets:
Cash and cash equivalents					1,026,990	202,712
Accounts receivable					709,805	773,311
Prepaid expenses and deposits					95,503	24,302
Total current assets					1,832,298	1,000,325
Oil and gas properties, net					1,420,613	2,224,743
Exploration and evaluation assets					3,116,146	3,122,443
Property and equipment, net					147,134	128,257
Restricted cash					5,438	11,763
Total assets					6,521,629	6,487,261
Current liabilities:
Accounts payable and accrued liabilities					852,481	1,496,510
Loans payable					630,534	549,424
Lease liability					6,732	12,116
Total current liabilities					1,489,747	2,058,050
Asset retirement obligation					8,993,108	9,355,422
Loans payable					18,513	17,730
Convertible debt						11,027
Derivative liability					472,899	1,804,572
Lease liability					8,592	27,693
Total liabilities					10,982,859	13,274,494
Stockholders’ equity (deficiency):
Common stock					1,828	1,253
Additional paid-in capital
Share premium					32,175,293	26,331,369
Stock subscriptions and stock to be issued						15,342
Warrant and option reserve					1,040,779	1,177,099
Accumulated other comprehensive loss					(847,412)	(490,172)
Notes and amounts receivable for equity issued					(1,193,641)
Shares to be cancelled					5,323
Obligation to Issue Shares					7,450
Accumulated deficit					(35,650,850)	(33,822,124)
Total stockholders’ equity (deficiency)					(4,461,230)	(6,787,233)
Total liabilities and stockholders’ equity (deficiency)					6,521,629	6,487,261
Increase (decrease) due to changes in accounting policy required by IFRSs [member]
Current assets:
Cash and cash equivalents
Accounts receivable
Prepaid expenses and deposits
Total current assets
Oil and gas properties, net					(3,752,330)	(3,122,443)
Exploration and evaluation assets					3,116,146	3,122,443
Property and equipment, net
Restricted cash
Total assets					(636,184)
Current liabilities:
Accounts payable and accrued liabilities
Loans payable
Lease liability
Total current liabilities
Asset retirement obligation					4,566,130	5,344,798
Loans payable
Convertible debt
Derivative liability
Lease liability
Total liabilities					4,566,130	5,344,798
Stockholders’ equity (deficiency):
Common stock
Additional paid-in capital					(33,295,413)	(27,508,468)
Share premium					32,175,293	26,331,369
Stock subscriptions and stock to be issued
Warrant and option reserve					1,040,779	1,177,099
Accumulated other comprehensive loss
Notes and amounts receivable for equity issued
Shares to be cancelled
Obligation to Issue Shares
Accumulated deficit					(5,122,973)	(5,344,798)
Total stockholders’ equity (deficiency)					(5,202,314)	(5,344,798)
Total liabilities and stockholders’ equity (deficiency)					$ (636,184)
Revenue
Oil and natural gas sales
Cost and expenses
Production
Depletion				151,895
Depreciation
Accretion of asset retirement obligation				(239,515)
Stock based compensation			$ 1,177,099
General and administrative
Total expenses				(87,620)
Loss before other income (expenses)				87,620
Other income (expenses)
Interest expense
Interest income
Finance cost
Foreign exchange loss
Other expense
Loss on debt extinguishment				79,341
Change in fair value of derivative liability
Total other income (expense)				79,341
Net income (loss)				$ 166,961
Loss per share
Weighted average number of shares outstanding
Other comprehensive loss
Foreign currency translation adjustments
Comprehensive income (loss)				$ 166,961

Summary of Reconciliation of _2

Summary of Reconciliation of Financial Position (Details) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Discounted interest rate	10%		10%
Asset retirement obligation	$ 8,123,837		$ 8,123,837		$ 8,993,108		$ 9,355,422
Risk free interest rate					1.49%	0.93%
Accretion of asset retirement obligation	(64,402)	$ (23,037)	(147,307)	$ (68,864)
Sharebased compensation expenses	1,410,291		1,495,012	161,291
Gain loss on debt settlement	(105)	(13,718)	71,131	(159,383)
Depletion expenses	$ 62,888	$ 109,445	211,761	343,158	$ 415,686
Oil and gas assets [member]
IfrsStatementLineItems [Line Items]
Oil and gas properties					181,888
Increase (decrease) due to changes in accounting policy required by IFRSs [member]
IfrsStatementLineItems [Line Items]
Asset retirement obligation					$ 4,566,130	$ 5,344,798
Accretion of asset retirement obligation				239,515
Sharebased compensation expenses			$ 1,177,099
Gain loss on debt settlement				79,341
Depletion expenses				$ 151,895

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	9 Months Ended
	Sep. 30, 2022	Jan. 31, 2022 USD ($)	Jan. 31, 2022 CAD ($)
Property and equipment, depreciation useful lives	The estimated useful lives are: other assets are depreciated over 20 years; and leasehold improvements are depreciated over the term of the lease
Warrants carrying value		$ 163,162	$ 472,899

Restricted Cash (Details Narrat

Restricted Cash (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Reserve Quantities [Line Items]
Restricted cash and cash equivalents	$ 3,920	$ 5,438	$ 11,763
General directorate of petroleum affairs [member]
Reserve Quantities [Line Items]
Annual work budget percent rate	2%

Schedule of Amounts Receivable

Schedule of Amounts Receivable (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Amounts Receivable
Accounts receivable	$ 1,147,592	$ 703,140	$ 772,138
GST receivable	56,207
Interest receivable	39,424
Due from related parties	3,856	4,173	1,173
Other	2,153	2,492
Amounts receivable, net	$ 1,249,232	$ 709,805	$ 773,311

Schedule of Oil and Gas Propert

Schedule of Oil and Gas Properties (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Beginning Balance			$ 1,420,613	$ 2,224,473	$ 2,224,473
Expenditures			13,202,574		66,122
Depletion	$ (62,888)	$ (109,445)	(211,761)	(343,158)	(415,686)
Change in ARO estimate			(1,016,578)		(454,296)
Foreign currency translation change			(2,011,190)
Ending Balance	11,383,658		11,383,658		1,420,613
South akcakoca sub basin [member]
IfrsStatementLineItems [Line Items]
Beginning Balance			655,029	1,236,954	1,236,954
Expenditures			13,202,574		66,122
Depletion			(66,568)		(188,446)
Change in ARO estimate			(1,011,016)		(459,601)
Foreign currency translation change			(2,011,190)
Ending Balance	10,768,829		10,768,829		655,029
Cendere [Member]
IfrsStatementLineItems [Line Items]
Beginning Balance			765,584	$ 987,519	987,519
Expenditures
Depletion			(145,193)		(227,240)
Change in ARO estimate			(5,562)		5,305
Foreign currency translation change
Ending Balance	$ 614,829		$ 614,829		$ 765,584

Oil and Gas Properties (Details

Oil and Gas Properties (Details Narrative)	9 Months Ended
	Sep. 30, 2022
Cendere oil field [member]
IfrsStatementLineItems [Line Items]
Interest percentage for wells	19.60%
Produces oils description	The Cendere Field is a long-term low decline oil reserve. This mature oilfield consistently produces between 80- 120 barrels oil per day net to the Company
Cendere oil field C-13, C-15 and C-16 [member]
IfrsStatementLineItems [Line Items]
Interest percentage for wells	9.80%
South akcakoca sub basin [member]
IfrsStatementLineItems [Line Items]
Interest percentage for wells	49%
Water depth, description	The four SASB fields are located off the north coast of Turkey towards the western end of the Black Sea in water depths ranging from 60 to100 meters. Gas is produced from Eocene age sandstone reservoirs at subsea depths ranging from 1,100 to1,800 meters
Bakuk gas field [member]
IfrsStatementLineItems [Line Items]
Working interest rate	50%

Schedule of Exploration & Evalu

Schedule of Exploration & Evaluation Asset (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Foreign currency translation change	$ (2,011,190)
Exploration and evaluation assets [member] | Unproven properties bulgaria [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	3,116,146	$ 3,122,443
Foreign currency translation change	30,030	(6,297)
Ending Balance	$ 3,146,176	$ 3,116,146

Exploration & Evaluation Asse_2

Exploration & Evaluation Asset (Details Narrative)	9 Months Ended
	Sep. 30, 2022 a m² ft²
Exploration Evaluation Asset
Oil and gas acreage, undeveloped, net | a	98,205
Commitment period of exploration and geophysical work stage	3 years
Initial term for data evaluation stage	4 years
Initial term for drilling stage	5 years
New well bore required to be drilled in meters | m²	10,000
New well bore required to be drilled in feet | ft²	32,800

Summary of Property, Plant and

Summary of Property, Plant and Equipment (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Beginning Balance	$ 147,134	$ 128,257
Additions	149,253	180,739
Depreciation	(56,517)	(31,768)
Disposals		(65,016)
Foreign currency translation change	(20,218)	(65,078)
Ending Balance	219,652	147,134
Right-of-use asset [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	17,385	39,809
Additions
Depreciation	(3,657)	(6,920)
Disposals
Foreign currency translation change	(4,975)	(15,504)
Ending Balance	8,753	17,385
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	23,341	68,255
Additions	32,343
Depreciation	(4,933)	(12,355)
Disposals
Foreign currency translation change	(2,801)	(32,559)
Ending Balance	47,950	23,341
Other property, plant and equipment [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	180	1,815
Additions	979
Depreciation	(201)	(290)
Disposals
Foreign currency translation change	(175)	(1,345)
Ending Balance	783	180
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	98,988	10,976
Additions	96,224	180,067
Depreciation	(44,130)	(10,964)
Disposals		(65,016)
Foreign currency translation change	(11,153)	(16,075)
Ending Balance	139,929	98,988
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	7,240	7,402
Additions	19,707	672
Depreciation	(3,596)	(1,239)
Disposals
Foreign currency translation change	(1,114)	405
Ending Balance	$ 22,237	$ 7,240

Schedule of Loans Payable (Deta

Schedule of Loans Payable (Details) - USD ($)		Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total loans payable		$ 90,304	$ 649,047	$ 567,154
Current portion of loans payable		(49,989)	(630,534)	(549,424)
Long-term portion of loans payable		40,315	18,513	17,730
Unsecured loan one [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[1]	11,810	107,167	184,235
Unsecured loan two [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[1]		39,069	309,806
Unsecured loan three [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[2]	14,730	25,642
Unsecured loan four [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[3]			25,625
Unsecured loan five [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[4]		3,534	41,533
Unsecured loan six [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[5]		473,635
Unsecured loan seven [member]
IfrsStatementLineItems [Line Items]
Total loans payable	[6]	63,764
Non-interest bearing loans [member]
IfrsStatementLineItems [Line Items]
Total loans payable				$ 5,955
[1]Loans bearing interest, accrue at 10 12 350,000 25,600 November 15, 2024 19.44 4,426 nil 2,944 nil 300,000 53,600 August 2, 2022 20.5 nil 8,673 nil 2,754 500,000 83,500 February 4, 2022 13.25 3,005 21,607 47 2,409 500,000 15 1,000,000 0.16 152,750 0 229 0.08 2.00 26,365 87,884 18,082 43,151 1,500,000 91,961 May 23, 2024 45.33 20,183 13,169

Schedule of Loans Payable (De_2

Schedule of Loans Payable (Details) (Parenthetical)

9 Months Ended

May 25, 2022 USD ($)

Nov. 15, 2021 USD ($)

Mar. 04, 2021 USD ($) $ / shares shares

Feb. 04, 2020 USD ($)

Aug. 02, 2019 USD ($)

Sep. 30, 2022 USD ($) shares

Sep. 30, 2021 USD ($) shares

May 25, 2022 TRY (₺)

Nov. 15, 2021 TRY (₺)

Apr. 16, 2021 shares

Mar. 30, 2021 USD ($)

Mar. 30, 2021 CAD ($)

Sep. 15, 2020 USD ($)

Sep. 15, 2020 CAD ($)

Feb. 04, 2020 TRY (₺)

Aug. 02, 2019 TRY (₺)

IfrsStatementLineItems [Line Items]

Principal amount

$ 29,528

$ 37,500

$ 9,870

$ 13,000

Common stock, shares | shares

2,000,000

1,416,667

Expected dividend yield

0%

0%

Expected volatility

175%

Risk-free interest rate

3.05%

Unsecured loan one [member]

IfrsStatementLineItems [Line Items]

Interest rate

10%

Unsecured loan two [member]

IfrsStatementLineItems [Line Items]

Interest rate

12%

Unsecured loan three [member]

IfrsStatementLineItems [Line Items]

Interest rate

19.44%

19.40%

19.44%

Principal amount

$ 25,600

₺ 350,000

₺ 300,000

Loan, maturity date

November 15, 2024

Principal payments

$ 4,426

Interest payments

$ 2,944

Unsecured loan four [member]

IfrsStatementLineItems [Line Items]

Interest rate

20.50%

20.50%

20.50%

Principal amount

$ 53,600

Loan, maturity date

August 2, 2022

Principal payments

8,673

Interest payments

2,754

Unsecured loan five [member]

IfrsStatementLineItems [Line Items]

Interest rate

13.25%

13.25%

13.25%

Principal amount

$ 83,500

₺ 500,000

Loan, maturity date

February 4, 2022

Principal payments

$ 3,005

21,607

Interest payments

$ 47

2,409

Unsecured loan six [member]

IfrsStatementLineItems [Line Items]

Interest rate

15%

15%

Loan received

$ 500,000

Common stock, shares | shares

1,000,000

1,000,000

Warrants price per share | $ / shares

$ 0.16

Fair value of warrants

$ 152,750

Expected dividend yield

0%

Expected volatility

229%

Risk-free interest rate

0.08%

Expected remaining life

2 years

Financing costs

$ 26,365

87,884

Accrued interest

$ 18,082

$ 43,151

Unsecured loan seven [member]

IfrsStatementLineItems [Line Items]

Interest rate

45.33%

45.33%

45.33%

Principal amount

$ 91,961

₺ 1,500,000

Loan, maturity date

May 23, 2024

Principal payments

$ 20,183

Interest payments

$ 13,169

Summary of Changes in ROU Asset

Summary of Changes in ROU Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 15,324	$ 39,809	$ 4,759
Additions, cost			57,919
Interest expense	1,121	3,480	4,771
Lease payments	(4,293)	(11,114)	(16,574)
Foreign exchange impact	(2,514)	(16,851)	(11,066)
Ending balance	$ 9,638	$ 15,324	$ 39,809

Summary of Lease Liability (Det

Summary of Lease Liability (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Current portion of operating lease liability	$ 3,988	$ 6,732	$ 12,116
Long-term portion of operating lease liability	5,650	8,592	27,693
Lease liability	$ 9,638	$ 15,324	$ 39,809

Summary of Future Minimum Lease

Summary of Future Minimum Lease Payments (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	$ 10,917
Discount	(1,279)
Total	9,638	$ 15,324	$ 39,809
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	1,213
Later than one year and not later than two years [member]
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	4,852
Later than two years and not later than three years [member]
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	$ 4,852

Leases (Details Narrative)

Leases (Details Narrative)	9 Months Ended
	Sep. 30, 2022
Remaining lease terms	2 years 3 months
Lease liability discount rate	11.82%

Schedule of Notes and Amounts R

Schedule of Notes and Amounts Receivable for Equity Issued (Details)	Sep. 30, 2022 USD ($)
Notes And Amounts Receivable For Equity Issued
Notes receivable	$ 1,109,032
Amounts receivable	52,977	[1]
Notes and Amounts Receivable for Equity Issued	$ 1,162,009
[1]Consists of receivables for the exercise of warrants and options at various exercise prices during the year ended December 31, 2021 and nine months ended September 30, 2022. The receivables are unsecured, non-interest-bearing and due on demand.

Schedule of Promissory Notes (D

Schedule of Promissory Notes (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Promissory note one [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	500,000
Principal | $	$ 48,087
Borrowings, maturity	September 30, 2021
Interest rate	5%
Promissory note two [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	500,000
Principal | $	$ 48,087
Borrowings, maturity	December 31, 2021
Interest rate	5%
Promissory note three [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	500,000
Principal | $	$ 48,087
Borrowings, maturity	November 30, 2021
Interest rate	5%
Promissory note four [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	250,000
Principal | $	$ 24,044
Borrowings, maturity	November 30, 2021
Interest rate	5%
Promissory note five [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	150,000
Principal | $	$ 14,426
Borrowings, maturity	December 31, 2021
Interest rate	5%
Promissory note six [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	2,236,667
Principal | $	$ 189,680
Borrowings, maturity	November 10, 2022
Interest rate	5%
Promissory note seven [Member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	1,000,000
Principal | $	$ 95,924
Borrowings, maturity	November 10, 2022
Interest rate	5%
Promissory note eight [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	2,620,000
Principal | $	$ 146,639
Borrowings, maturity	November 10, 2022
Interest rate	5%
Promissory note nine [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	670,000
Principal | $	$ 34,846
Borrowings, maturity	November 10, 2022
Interest rate	5%
Promissory note ten [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	500,000
Principal | $	$ 48,088
Borrowings, maturity	July 31, 2023
Interest rate	5%
Promissory note eleven [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	1,500,000
Principal | $	$ 144,261
Borrowings, maturity	July 31, 2023
Interest rate	5%
Promissory note twelve [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	1,000,000
Principal | $	$ 96,174
Borrowings, maturity	July 31, 2023
Interest rate	5%
Promissory note thirteen [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	200,000
Principal | $	$ 19,235
Borrowings, maturity	July 28, 2023
Interest rate	5%
Promissory note fourteen [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	2,360,000
Principal | $	$ 226,971
Borrowings, maturity	July 28, 2023
Interest rate	5%
Promissory note [member]
IfrsStatementLineItems [Line Items]
Number of securities exercised | shares	13,986,667	[1]
Principal | $	$ 1,184,549
[1]Includes 12,176,667 1,810,000

Schedule of Promissory Notes _2

Schedule of Promissory Notes (Details) (Parenthetical)	9 Months Ended	12 Months Ended
	Sep. 30, 2022 shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Number of options exercised	785,000	3,910,000
Promissory note [member]
IfrsStatementLineItems [Line Items]
Number of warrants exercised	12,176,667
Number of options exercised	1,810,000

Schedule of Promissory Note Rec

Schedule of Promissory Note Receivable (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Mar. 30, 2021
Notes And Amounts Receivable For Equity Issued
Beginning balance	$ 1,158,832
Additions		1,184,549
Repayments	(49,800)	(23,745)
Accrued interest		17,733	$ 12,000
Foreign exchange loss on revaluation		(19,705)
Ending balance	$ 1,109,032	$ 1,158,832

Notes and Amounts Receivable _3

Notes and Amounts Receivable for Equity Issued (Details Narrative)						9 Months Ended		12 Months Ended
	Sep. 07, 2022 shares	Nov. 10, 2021 USD ($) shares $ / shares	Nov. 10, 2021 USD ($) shares $ / shares $ / shares	Jul. 31, 2021 USD ($) $ / shares shares	Jul. 31, 2021 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 shares	Nov. 10, 2021 CAD ($) $ / shares shares	Jul. 31, 2021 CAD ($) shares
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement						785,000		3,910,000
Accrued interest income | $						$ 39,424
Accrued interest | $						39,424
Warrant one [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement	245,000
Promissory note [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						$ 1,184,549
Number of warrants exercised						12,176,667
Number of share options exercised in share-based payment arrangement						1,810,000
Promissory note one [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						$ 48,087
Promissory note two [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						48,087
Promissory note three [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						48,087
Promissory note four [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						24,044
Promissory note five [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						14,426
Promissory note six [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						189,680
Promissory note seven [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						95,924
Promissory note eight [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						146,639
Promissory note nine [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $						$ 34,846
Promissory note agreement [member] | Promissory note [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued		$ 95,924	$ 95,924	$ 48,087	$ 48,087				$ 120,000	$ 60,000
Number of warrants exercised		1,000,000	1,000,000	500,000	500,000				1,000,000	500,000
Weighted average share price | (per share)		$ 0.10	$ 0.12	$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note [member] | Chief Financial Officer [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $										$ 60,000
Number of warrants exercised				500,000	500,000					500,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note [member] | Chief Executive Officer [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued		$ 189,680	$ 189,680						$ 237,286
Number of warrants exercised		1,416,667	1,416,667						1,416,667
Weighted average share price | (per share)		$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note [member] | Chief Executive Officer [Member] | Options [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement		500,000	500,000
Exercise price of outstanding share options | (per share)		$ 0.12	$ 0.12						$ 0.15
Promissory note agreement [member] | Promissory note [member] | Chief Executive Officer [Member] | Options one [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement		320,000	320,000
Exercise price of outstanding share options | (per share)		$ 0.06	$ 0.06						0.08
Promissory note agreement [member] | Promissory note [member] | Note holder [member] | Options [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement		320,000	320,000
Exercise price of outstanding share options | (per share)		$ 0.08	$ 0.08						$ 0.10
Promissory note agreement [member] | Promissory note [member] | Note holder [member] | Warrant one [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued		$ 146,639	$ 146,639						$ 193,443
Number of warrants exercised		1,800,000	1,800,000						1,800,000
Weighted average share price | (per share)		$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note [member] | Note holder [member] | Warrant two [member]
IfrsStatementLineItems [Line Items]
Number of warrants exercised		500,000	500,000						500,000
Weighted average share price | (per share)		$ 0.08	$ 0.10
Promissory note agreement [member] | Promissory note [member] | Director [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued		$ 34,846	$ 34,846						$ 43,592
Number of share options exercised in share-based payment arrangement		670,000	670,000
Exercise price of outstanding share options | (per share)		$ 0.06	$ 0.06						$ 0.08
Promissory note agreement [member] | Promissory note one [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 48,087	$ 48,087					$ 60,000
Number of warrants exercised				500,000	500,000					500,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note two [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 48,087	$ 48,087					$ 60,000
Number of warrants exercised				500,000	500,000					500,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note three [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 24,044	$ 24,044					$ 30,000
Number of warrants exercised				250,000	250,000					250,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note four [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 14,426	$ 14,426					$ 18,000
Number of warrants exercised				150,000	150,000					150,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note five [member] | Chief Financial Officer [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued | $				$ 48,088	$ 48,088
Promissory note agreement [member] | Promissory note six [member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 144,261	$ 144,261					$ 180,000
Number of warrants exercised				1,500,000	1,500,000					1,500,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note seven [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 96,174	$ 96,174					$ 120,000
Number of warrants exercised				1,000,000	1,000,000					1,000,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note eight [member] | Chief Executive Officer [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 19,235	$ 19,235					$ 24,000
Number of warrants exercised				200,000	200,000					200,000
Weighted average share price | (per share)				$ 0.10	$ 0.12
Promissory note agreement [member] | Promissory note nine [member] | Chief Executive Officer [Member]
IfrsStatementLineItems [Line Items]
Debt instruments issued				$ 226,971	$ 226,971					$ 283,200
Number of warrants exercised				2,360,000	2,360,000					2,360,000
Weighted average share price | (per share)				$ 0.10	$ 0.12

Schedule of Asset Retirement Ob

Schedule of Asset Retirement Obligations (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Asset Retirement Obligations
Balance at the beginning of period	$ 8,993,108	$ 9,355,422
Accretion expense	147,307	91,982
Change in estimate	(1,016,578)	(454,296)
Balance at the end of period	$ 8,123,837	$ 8,993,108

Asset Retirement Obligations (D

Asset Retirement Obligations (Details Narrative) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Asset Retirement Obligations
Undiscounted amount required to settle ARO	$ 8.2	$ 8.2
Inflation interest rate	2.50%	2.50%
Interest free rate	3.91%	1.49%

Schedule of Fair Value Assumpti

Schedule of Fair Value Assumptions of Conversion Features (Details) - Unbrokered private placement of convertible debt [member]	12 Months Ended
	Dec. 31, 2020
Interest rate, measurement input [member]
IfrsStatementLineItems [Line Items]
Dividend yield	0.13
Expected life measurement input [member]
IfrsStatementLineItems [Line Items]
Expected life (years)	1 year 3 days
Historical volatility for shares, measurement input [member]
IfrsStatementLineItems [Line Items]
Dividend yield	228
Dividend yield measurement input [member]
IfrsStatementLineItems [Line Items]
Dividend yield	0

Schedule of Convertible Debt an

Schedule of Convertible Debt and Embedded Derivative Conversion (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Host debt instrument [member]
IfrsStatementLineItems [Line Items]
Beginning Balance		$ 11,027
Accretion		19,943
Conversion		(30,970)
Ending Balance
Embedded conversion feature [member]
IfrsStatementLineItems [Line Items]
Beginning Balance		80,342
Accretion
Conversion		(80,342)
Ending Balance
Total [member]
IfrsStatementLineItems [Line Items]
Beginning Balance		91,369
Accretion		19,943
Conversion		(111,312)
Ending Balance

Convertible Debentures (Details

Convertible Debentures (Details Narrative)	Dec. 31, 2021 USD ($)	Mar. 30, 2021 USD ($) $ / shares shares	Mar. 30, 2021 CAD ($) $ / shares shares	Mar. 08, 2021 USD ($) $ / shares shares	Mar. 08, 2021 CAD ($) $ / shares shares	Sep. 15, 2020 USD ($) shares	Sep. 15, 2020 CAD ($) shares	Jul. 01, 2020 $ / shares	Jul. 01, 2020 $ / shares	Sep. 30, 2019 USD ($) $ / shares	Sep. 30, 2019 CAD ($) $ / shares
IfrsStatementLineItems [Line Items]
Notional amount		$ 29,528	$ 37,500			$ 9,870	$ 13,000
Units issued on conversion of debt | shares		660,000	660,000			173,333	173,333
Accrued interest	$ 17,733	$ 12,000
Unbrokered private placement of convertible debt [member]
IfrsStatementLineItems [Line Items]
Notional amount										$ 123,095	$ 163,000
Borrowings, interest rate										10%	10%
Exercise price | (per share)										$ 0.20	$ 0.25
Debt conversion price | (per share)										$ 0.12	$ 0.15
Derivative liability										$ 81,956
Convertible debt discount										$ 81,956
Convertible debenture [member]
IfrsStatementLineItems [Line Items]
Notional amount				$ 89,198	$ 112,500
Exercise price | (per share)								$ 0.09	$ 0.12
Debt conversion price | (per share)		$ 0.06	$ 0.075	$ 0.06	$ 0.075			$ 0.06	$ 0.075
Units issued on conversion of debt | shares		660,000	660,000	1,500,000	1,500,000
Debenture exercisable | $ / shares				$ 0.10
Accrued interest		$ 9,478	$ 12,000

Common Stock (Details Narrative

Common Stock (Details Narrative)																																																																											1 Months Ended	2 Months Ended		3 Months Ended		9 Months Ended						12 Months Ended
	Sep. 29, 2022 USD ($) shares	Sep. 29, 2022 $ / shares shares	Sep. 29, 2022 $ / shares shares	Sep. 29, 2022 CAD ($) shares	Sep. 21, 2022 USD ($) shares	Sep. 21, 2022 shares	Sep. 21, 2022 $ / shares shares	Sep. 21, 2022 $ / shares shares	Sep. 21, 2022 CAD ($) shares	Sep. 20, 2022 USD ($) shares	Sep. 20, 2022 shares	Sep. 20, 2022 $ / shares shares	Sep. 20, 2022 $ / shares shares	Sep. 20, 2022 CAD ($) shares	Sep. 07, 2022 USD ($) shares	Sep. 07, 2022 shares	Sep. 07, 2022 $ / shares shares	Sep. 07, 2022 $ / shares shares	Sep. 07, 2022 CAD ($) shares	Sep. 02, 2022 USD ($) shares $ / shares	Sep. 01, 2022 USD ($) shares $ / shares	Sep. 01, 2022 CAD ($) shares $ / shares $ / shares	Aug. 20, 2022 USD ($) shares	Aug. 20, 2022 CAD ($) shares	Aug. 18, 2022 USD ($) shares	Aug. 09, 2022 USD ($)	Aug. 09, 2022 CAD ($)	Jul. 18, 2022 USD ($) shares $ / shares	Jul. 18, 2022 CAD ($) shares $ / shares	Jun. 29, 2022 USD ($) $ / shares shares	Jun. 29, 2022 CAD ($) $ / shares shares	Jun. 14, 2022 USD ($) shares $ / shares	Jun. 14, 2022 CAD ($) shares $ / shares $ / shares	Jun. 03, 2022 USD ($) shares $ / shares	Jun. 03, 2022 CAD ($) shares $ / shares $ / shares	May 26, 2022 USD ($) shares $ / shares	May 26, 2022 CAD ($) shares $ / shares $ / shares	Apr. 16, 2022 $ / shares	Apr. 16, 2022 $ / shares	Apr. 08, 2022 USD ($) shares $ / shares	Apr. 08, 2022 CAD ($) shares $ / shares	Mar. 28, 2022 USD ($) shares	Mar. 28, 2022 CAD ($) shares $ / shares	Mar. 24, 2022 USD ($) shares	Mar. 24, 2022 CAD ($) shares $ / shares	Mar. 18, 2022 USD ($) shares	Mar. 18, 2022 CAD ($) shares $ / shares	Mar. 17, 2022 USD ($) shares	Mar. 17, 2022 CAD ($) shares $ / shares	Mar. 16, 2022 USD ($) shares	Mar. 16, 2022 CAD ($) shares $ / shares	Mar. 15, 2022 USD ($) shares	Mar. 15, 2022 CAD ($) shares $ / shares	Nov. 15, 2021 shares	Sep. 22, 2021 shares	Sep. 07, 2021 USD ($) shares $ / shares	Sep. 07, 2021 CAD ($) shares $ / shares	Aug. 20, 2021 shares $ / shares	Aug. 20, 2021 shares $ / shares	Aug. 09, 2021 shares $ / shares	Aug. 09, 2021 shares $ / shares	Jul. 20, 2021 USD ($) $ / shares shares	Jul. 20, 2021 CAD ($)	Jun. 28, 2021 USD ($) $ / shares shares	Jun. 28, 2021 CAD ($)	Jun. 28, 2021 USD ($) shares $ / shares	Jun. 28, 2021 CAD ($) shares $ / shares	Apr. 28, 2021 USD ($) $ / shares shares	Apr. 16, 2021 USD ($) shares	Apr. 16, 2021 CAD ($) shares	Mar. 30, 2021 USD ($) shares $ / shares	Mar. 30, 2021 USD ($) $ / shares $ / shares shares	Mar. 08, 2021 USD ($) $ / shares shares	Mar. 08, 2021 CAD ($) $ / shares	Jul. 28, 2021 shares	Jun. 28, 2021 USD ($) $ / shares shares	Jun. 28, 2021 CAD ($)	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2022 CAD ($)	Sep. 30, 2021 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares	Sep. 30, 2022 CAD ($) $ / shares shares	Mar. 31, 2022 shares	Aug. 08, 2021 shares	Jul. 20, 2021 $ / shares shares	Jun. 28, 2021 $ / shares	Jun. 27, 2021 shares	Apr. 28, 2021 $ / shares shares	Mar. 30, 2021 CAD ($) $ / shares shares	Mar. 08, 2021 CAD ($) $ / shares shares	Mar. 04, 2021 shares	Dec. 31, 2020 USD ($) shares	Sep. 15, 2020 USD ($) shares	Sep. 15, 2020 CAD ($) shares	Jul. 01, 2020 $ / shares	Jul. 01, 2020 $ / shares
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																														2,000,000	1,416,667	2,000,000	2,000,000	2,000,000	2,000,000		1,416,667		2,000,000
Number of share options exercised in share-based payment arrangement																																																																																	785,000					3,910,000
Exercise price | $ / shares																																																																																		$ 0.22			$ 0.24
Number of share options granted in share-based payment arrangement																																																																																	2,560,000	0.24	0.31			450,000
Value of shares to be issued for services | $																																																																																$ 51,208
Principal amount																																																																							$ 29,528	$ 29,528																						$ 37,500				$ 9,870	$ 13,000
Units issued on conversion of debt																																																																							660,000	660,000																						660,000				173,333	173,333
Accrued interest | $																																																																							$ 12,000	$ 12,000														$ 17,733
Proceeds from exercise of warrants | $																																																																																450,735					$ 1,771,205
Proceeds from exercise of options | $																																																																																28,071					139,188
Gain (loss) on debt settlement | $																																																																														$ (105)	$ (13,718)	71,131					$ (159,383)
Net debt | $																																																																																																	$ 11,027
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | (per share)																																																										$ 0.10	$ 0.12	$ 0.08	$ 0.10					$ 0.08	$ 0.10
Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | (per share)																																																										$ 0.32	$ 0.41	$ 0.16	$ 0.20					$ 0.10	$ 0.12
Convertible debenture [member]
IfrsStatementLineItems [Line Items]
Principal amount																																																																									$ 89,198																						$ 112,500
Units issued on conversion of debt																																																																							660,000	660,000	1,500,000																					660,000	1,500,000
Debt conversion price | (per share)																																																																							$ 0.06	$ 0.06	$ 0.06																					$ 0.075	$ 0.075					$ 0.06	$ 0.075
Accrued interest																																																																							$ 9,478	$ 9,478																						$ 12,000
Unsecured loan six [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																					1,000,000																											1,000,000
Proceeds from shares issued																																																																					$ 95,959	$ 120,000
Shares issued																																																																					1,000,000
Note interest rate																																																																														15%		15%	15%	15%	15%				15%									15%
Accounts payables [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																								246,073
Fair value of share issued | $																																																								$ 47,445
Net debt | $																																																								38,729
Loss on issuance of debt | $																																																								$ 8,716
Prepaid expenses and deposits [member]
IfrsStatementLineItems [Line Items]
Other non-current financial assets | $																																																																																							$ 62,955
Long-term notes payable [member]
IfrsStatementLineItems [Line Items]
Fair value of share issued | $																																																																							$ 98,400
Exercise price | (per share)																																						$ 0.10	$ 0.12																																$ 0.10	$ 0.12
Payable | $																																																																							$ 38,062	$ 38,062
Gain (loss) on debt settlement | $																																																																							60,338
Loss on issuance of debt | $																																																																							33,006
Settlement agreement [member] | Former chief financial officer [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement																									325,000
Value of shares granted | $																									$ 94,300
Cash to be paid in settlement | $																									210,000
Cash paid in settlement | $																									110,000
Settlement agreement [member] | Former chief financial officer [member] | January 31, 2023 [Member]
IfrsStatementLineItems [Line Items]
Cash to be paid in settlement | $																									50,000
Settlement agreement [member] | Former chief financial officer [member] | March 31, 2023 [Member]
IfrsStatementLineItems [Line Items]
Cash to be paid in settlement | $																									$ 50,000
Promissory note agreement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																												3,060,000	3,060,000
Proceeds from issuance of shares																										$ 294,293	$ 367,200
Note interest rate																										5%	5%
Prepaid services [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued																												1,250,000	1,250,000
Fair value of share issued | $																													$ 100,000
Investor relation [member]
IfrsStatementLineItems [Line Items]
Share-based compensation | $																																																																																				$ 37,045
Debt settlement [member]
IfrsStatementLineItems [Line Items]
Fair value of share issued | $																																																																		$ 36,939
Net debt | $																																																																							$ 8,602	$ 8,602
Consulting service [member] | Consulting agreement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																																								200,000
Fair value of share issued | $																																																																																$ 51,208
Share-based compensation | $																																																																																51,208
Services [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																								500,000												346,163																									346,163
Fair value of share issued | $																																																								$ 95,000												$ 85,739
Settlement debt [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																150,000		150,000										150,000
Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued																																																																							150,000
Number of share options granted in share-based payment arrangement																																																																																	1,150,000				150,000	1,325,000
Stock options [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement																																																																																					670,000
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of share options issued					1,250,000	1,250,000	1,250,000	1,250,000	1,250,000	37,500	37,500	37,500	37,500	37,500	10,000	10,000	10,000	10,000	10,000	750,000	162,000	162,000										55,000	55,000							196,250	196,250															210,000		4,056,247	4,056,247	16,134,000	16,134,000			135,000		135,000										135,000																10,000
Number of warrants, Issued																																										353,000	353,000	4,212,554	4,212,554	1,026,174	1,026,174			363,636	363,636	1,551,419	1,551,419																												4,251,440
Fair value of share issued																																												$ 578,137	$ 724,670	$ 124,130	$ 156,587			$ 51,559	$ 65,624	$ 184,181	$ 236,032																											$ 787,785				1,014,290
Proceeds from issuance of shares					$ 289,289				$ 387,500	$ 12,682				$ 16,875	$ 3,419				$ 4,500	$ 60,000	$ 12,307	$ 16,200	$ 351,164	$ 439,920		$ 1,538,887	$ 1,925,747					$ 4,257	$ 5,500	$ 7,952		$ 7,810				$ 15,794	$ 19,625															$ 19,062	$ 24,000									$ 12,438	$ 16,500
Number of share options exercised in share-based payment arrangement						1,250,000					37,500					10,000				750,000	162,000	162,000										55,000	55,000	100,000	100,000	100,000	100,000			196,250	196,250															200,000	200,000	3,605,247	3,605,247	16,134,000	16,134,000														10,000										4,476,667
Exercise price | (per share)																						$ 0.10											$ 0.10		$ 0.10		$ 0.10			$ 0.08	$ 0.10															$ 0.10	$ 0.12
Warrant and option reserve | $					$ 222,636										$ 1,159						$ 20,419											$ 6,932		$ 12,604		$ 12,604				$ 24,736
Number of share options granted in share-based payment arrangement							0.23	0.31				0.33	0.45				0.33	0.45		0.08	0.08	0.08								0.39	0.50																																																			0.36	0.50
Shares issued in error																							451,000	451,000
Number of stock options cancelled																																2,338																						416,000	35,000
Option reserves to common stock | $																																7,389
Warrant issued price per share | $ / shares																															0.04
Warrants [member] | Convertible debenture [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares																																																																									$ 0.10
Warrants [member] | Long-term notes payable [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance of shares | $																																			$ 10,000		$ 10,000
Number of share options granted in share-based payment arrangement																																0.08	0.08	0.08	0.08	0.08	0.08																													145,000	145,000				400,000
Warrants [member] | Prepaid services [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement																												1,250,000	1,250,000
Exercise price | $ / shares																												$ 0.08
Stock options [member]
IfrsStatementLineItems [Line Items]
Number of share options issued	90,000	90,000	90,000	90,000																								25,000	25,000			130,000	130,000			70,000	70,000			50,000	50,000
Proceeds from issuance of shares	$ 6,574																											$ 1,927				$ 10,130	$ 13,000			$ 5,467	$ 7,000			$ 3,973	$ 5,000
Number of share options exercised in share-based payment arrangement																												25,000	25,000			100,000	100,000			70,000	70,000			50,000	50,000
Exercise price | (per share)			$ 0.10																										$ 0.10	$ 0.24	$ 0.31		$ 0.10				$ 0.10			$ 0.08	$ 0.10
Warrant and option reserve | $																												$ 1,424								$ 5,173				$ 3,695
Number of share options granted in share-based payment arrangement		0.08		9,000																									0.08							0.08	0.08
Shares issued in error																																30,000	30,000
Issued capital [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																														72,536,900	72,536,900			100,000	100,000	100,000	100,000																																										5,146,667						5,146,667
Proceeds from issuance of shares																														$ 17,408,856	$ 22,486,439
Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																														50,000		50,000	50,000	50,000	50,000				50,000
Stock options one [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																												250,000	250,000
Proceeds from shares issued																												$ 19,270	$ 25,000
Number of share options exercised in share-based payment arrangement																												250,000	250,000
Exercise price | $ / shares																													$ 0.10
Number of share options granted in share-based payment arrangement | $ / shares																													0.08
Option reserves to common stock																												14,239	18,473
Stock options two [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																												200,000	200,000
Proceeds from shares issued																												$ 24,000	$ 31,137
Number of share options exercised in share-based payment arrangement																												200,000	200,000
Exercise price | $ / shares																													$ 0.16
Number of share options granted in share-based payment arrangement | $ / shares																												0.12
Option reserves to common stock																												23,190	30,085
Restricted stock units (RSUs) [member] | Settlement agreement [member] | Director [Member]
IfrsStatementLineItems [Line Items]
Number of shares to be issued for services																									200,000
Value of shares to be issued for services | $																									$ 58,031
Restricted stock units (RSUs) [member] | Settlement agreement [member] | Audit Committee [member]
IfrsStatementLineItems [Line Items]
Number of shares to be issued for services																									75,000
Value of shares to be issued for services | $																									$ 21,761
Warrant one [member]
IfrsStatementLineItems [Line Items]
Number of share options issued															245,000	245,000	245,000	245,000	245,000
Proceeds from issuance of shares															$ 37,225				$ 49,000
Number of share options exercised in share-based payment arrangement																245,000
Number of share options granted in share-based payment arrangement																	0.16	0.20
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Shares outstanding																																																																														373,854,474	176,264,126	373,854,474	373,854,474	373,854,474	373,854,474		176,264,126	185,169,793	373,854,474										125,339,156
Number of share options issued																																																																																									10,000
Fair value of share issued | $																																																																							$ 36,900
Number of share options granted in share-based payment arrangement																																																																							150,000
Value of shares to be issued for services | $
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Par value | $ / shares																																																																																							$ 0.00001
Shares outstanding																																																																														373,854,474		373,854,474	373,854,474	373,854,474	373,854,474			185,169,793	373,854,474
Share issued price per share | $ / shares																																											$ 0.45		$ 0.45		$ 0.45		$ 0.45		$ 0.45		$ 0.45
Ordinary shares [member] | Debt settlement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																							190,000	190,000																						190,000
Fair value of share issued | $																																																																							$ 41,608
Ordinary shares [member] | Services [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																							1,684,428	1,684,428																						1,684,428
Fair value of share issued | $																																																																							$ 396,108
Non brokered private placement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																											4,600,000		34,513,400		19,175,898		2,000,000		6,060,606		40,308,037									50,000		50,000		50,000							8,015,832			50,000														50,000					8,015,832
Share issued price per share | (per share)																																											$ 0.165		$ 0.165		$ 0.165		$ 0.165		$ 0.165		$ 0.165									$ 0.24		$ 0.24		$ 0.24							$ 0.05			$ 0.24														$ 0.30	$ 0.30				$ 0.06
Proceeds from shares issued																																																				5,189,773	$ 6,650,826
Payment of cash finder's fee																																										$ 37,529	$ 46,960	672,339	$ 844,208	122,406	$ 154,397			47,168	$ 60,035	$ 229,427	$ 291,895																											$ 1,549,196				1,994,906
Fair value of share issued																																										57,768	72,287
Proceeds from issuance of shares																																										$ 606,548	$ 759,000	$ 4,535,347	$ 5,694,761	$ 2,508,197	$ 3,164,023	$ 260,681	$ 330,000	$ 785,678	$ 1,000,000											$ 11,905	$ 15,000			$ 12,151	$ 15,000						$ 400,792	$ 481,350
Non brokered private placement [member] | Prepaid services [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued																																																909,090	909,090
Fair value of share issued																																																$ 118,491	$ 150,000
Non brokered private placement [member] | Investor relation [member]
IfrsStatementLineItems [Line Items]
Share-based compensation																																																																																118,491				150,000
Non brokered private placement [member] | Debt settlement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																									4,416,667																						4,416,667
Share issued price per share | (per share)																																																	$ 0.165																								$ 0.05																						$ 0.06
Number of warrants, Issued																																																3,000,000	3,000,000
Fair value of share issued																																																$ 391,021	$ 472,001																								$ 220,833	$ 265,000
Non brokered private placement [member] | Vesting of restricted stock units [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued																																																700,000	700,000																																650,000					50,000
Fair value of share issued																																																																																92,171				$ 107,250
Share-based compensation | $																																																																																$ 84,721						$ 7,450
Non brokered private placement [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																				1,360,200																									1,360,200
Share issued price per share | (per share)																																																																				$ 0.10																									$ 0.12
Proceeds from issuance of shares																																																																												$ 135,670	$ 169,776
Non brokered private placement [member] | Stock options [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																30,000		30,000										30,000
Share issued price per share | (per share)																																																																$ 0.08		$ 0.08										$ 0.08															$ 0.10
Proceeds from issuance of shares																																																																$ 2,403	$ 3,000
US private placement [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																									4,716,160																						4,716,160
Share issued price per share | $ / shares																																																																									$ 0.05
Proceeds from issuance of shares | $																																																																									$ 235,808
Exercise price | $ / shares																																																																									$ 0.08
US private placement [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Exercise price | (per share)																																																																									$ 0.08	$ 0.10
Exercise of warrants [member] | Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement																																																																							3,304,600
Exercise price | $ / shares																																																																							$ 0.10
Proceeds from exercise of warrants | $																																																																							$ 330,460
Exercise of options [member] | Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement																																																																							150,000
Exercise price | $ / shares																																																																							$ 0.18
Proceeds from exercise of options | $																																																																							$ 27,358
Exercise of options [member] | Ordinary shares [member] | Debt settlement [member]
IfrsStatementLineItems [Line Items]
Fair value of share issued | $																																																																					$ 43,549		$ 109,427
Number of share options granted in share-based payment arrangement																																																																					150,000	150,000	600,000
Net debt | $																																																																					$ 7,908
Loss on issuance of debt | $																																																																					36,451
Exercise of options [member] | Ordinary shares [member] | Services [member]
IfrsStatementLineItems [Line Items]
Fair value of share issued | $																																																																					$ 188,729
Number of share options granted in share-based payment arrangement																																																																					600,000	600,000
Exercise of options [member] | Ordinary shares [member] | Accounts payables [member]
IfrsStatementLineItems [Line Items]
Fair value of share issued | $																																																																					$ 23,989
Number of share options granted in share-based payment arrangement																																																																					75,000	75,000
Settlement debt [member]
IfrsStatementLineItems [Line Items]
Number of share options issued																																																																25,000		25,000										25,000
Fair value of share issued | $																																																																		$ 5,210
Net debt | $																																																																$ 1,101		1,101										$ 1,101
Loss on issuance of debt | $																																																																		$ 4,107

Summary of Changes in Stock Opt

Summary of Changes in Stock Options (Details)	3 Months Ended	9 Months Ended			12 Months Ended
	Sep. 30, 2022 shares $ / shares	Sep. 30, 2022 shares	Sep. 30, 2022 $ / shares	Sep. 30, 2022 $ / shares	Dec. 31, 2021 shares $ / shares
Number of options outstanding, Ending Balance | shares	9,415,000	7,640,000			11,900,000
Weighted average exercise price, Ending Balance			$ 0.12		$ 0.11
Number of options outstanding, Granted		2,560,000	0.24	0.31	450,000
Weighted average exercise price, Granted			$ 0.22		$ 0.32
Number of options outstanding, Exercised | shares		(785,000)			(3,910,000)
Weighted average exercise price, Exercised			0.09		$ 0.11
Number of options outstanding, Exercised | shares					(150,000)
Weighted average exercise price, Expired					$ 0.18
Number of options outstanding, Cancelled | shares					(650,000)
Weighted average exercise price, Cancelled					$ 0.16
Number of options outstanding, Ending Balance | shares	9,415,000	9,415,000			7,640,000
Weighted average exercise price, Ending Balance	$ 0.15		$ 0.15		$ 0.12

Schedule of Stock Options Outst

Schedule of Stock Options Outstanding and Exercisable (Details)	9 Months Ended
	Sep. 30, 2022 shares $ / shares	Jun. 30, 2022 shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	9,415,000	9,415,000	7,640,000	11,900,000
Number of Options Vested	8,255,000
Exercise price one [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	1,750,000
Exercise Price | $ / shares	$ 0.12
Expiry Date	Oct. 24, 2023
Number of Options Vested	1,750,000
Exercise price two [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	3,800,000
Exercise Price | $ / shares	$ 0.13
Expiry Date	Sep. 19, 2024
Number of Options Vested	3,800,000
Exercise price three [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	640,000
Exercise Price | $ / shares	$ 0.06
Expiry Date	Jul. 31, 2025
Number of Options Vested	640,000
Exercise price four [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	415,000
Exercise Price | $ / shares	$ 0.07
Expiry Date	Dec. 17, 2022
Number of Options Vested	415,000
Exercise price five [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding		2,560,000
Exercise Price | $ / shares	$ 0.22
Expiry Date	Jul. 26, 2025
Number of Options Vested	1,400,000
Exercise price six [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	250,000
Exercise Price | $ / shares	$ 0.28
Expiry Date	Jun. 06, 2026
Number of Options Vested	250,000

Schedule of Weighted Average As

Schedule of Weighted Average Assumptions (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Risk free interest rate	3.05%
Expected life	3 years
Expected volatility	175%
Expected dividend yield	0%	0%
Weighted average fair value per share	$ 0.22	$ 0.24
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate		33%
Expected life		3 years
Expected volatility		245%
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate		79%
Expected life		5 years
Expected volatility		257%

Stock Options (Details Narrativ

Stock Options (Details Narrative)	9 Months Ended
	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2022 CAD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 shares $ / shares
IfrsStatementLineItems [Line Items]
Weighted average remaining contractual life of outstanding share options	2 years 14 days	2 years 14 days
Stock-based compensation expense	$ 305,196		$ 124,391
Unrecognized compensation expenses	$ 167,497
Number of options shares | shares	785,000			785,000
Value of stock issued for obligation	$ 71,343	$ 92,637
[custom:StockIssuedDuringPeriodCancelledValueObligation]	28,071	36,500
Payments reduction of debt	$ 43,272	$ 56,137
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price | (per share)	$ 0.07			$ 0.10
Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price | (per share)	$ 0.12			$ 0.16
2013 Long Term Incentive Equity Plan [member]
IfrsStatementLineItems [Line Items]
Incentive plans	The Board of Directors adopted the Park Place Energy Corp. 2013 Long-Term Incentive Equity Plan (the “Incentive Plan” or “2013 Plan”) effective as of October 29, 2013.	The Board of Directors adopted the Park Place Energy Corp. 2013 Long-Term Incentive Equity Plan (the “Incentive Plan” or “2013 Plan”) effective as of October 29, 2013.
Number of shares issued and outstanding percentage	10%	10%

Summary of Changes in Warrants

Summary of Changes in Warrants (Details) - Warrants [member]	9 Months Ended	12 Months Ended
	Sep. 30, 2022 shares $ / shares	Dec. 31, 2021 shares $ / shares
IfrsStatementLineItems [Line Items]
Number of purchase share outstanding, Beginning of the period | shares	7,844,329	35,865,312
Weighted Average Exercise Price, Outstanding, Beginning Balance | $ / shares	$ 0.10	$ 0.10
Warrants, Issued | shares	103,935,189	14,017,663
Weighted Average Exercise Price, Issued | $ / shares	$ 0.34	$ 0.10
Warrants, Excercised | shares	(3,910,750)	(31,270,314)
Weighted Average Exercise Price, Exercised | $ / shares	$ 0.13	$ 0.09
Warrants, Expired | shares		(10,768,332)
Weighted Average Exercise Price, Expired | $ / shares		$ 0.13
Number of purchase share outstanding, Ending of the period | shares	107,868,768	7,844,329
Weighted Average Exercise Price, Outstanding, Ending Balance | $ / shares	$ 0.33	$ 0.10

Schedule of Purchase Warrants O

Schedule of Purchase Warrants Outstanding (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Warrant one [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,000,000
Compensation warrants, exercise price | $ / shares	$ 0.16
Expiry date	Mar. 04, 2023
Warrant two [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	50,000
Compensation warrants, exercise price | $ / shares	$ 0.32
Expiry date	Jun. 06, 2023
Warrant three [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,962,999
Compensation warrants, exercise price | $ / shares	$ 0.07
Expiry date	Sep. 08, 2023
Warrant four [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	1,200,000
Compensation warrants, exercise price | $ / shares	$ 0.09
Expiry date	Sep. 08, 2023
Warrant five [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	358,080
Compensation warrants, exercise price | $ / shares	$ 0.08
Expiry date	Sep. 08, 2023
Warrant six [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	660,000
Compensation warrants, exercise price | $ / shares	$ 0.10
Expiry date	Sep. 30, 2023
Warrant seven [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	21,705,438
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 15, 2024
Warrant eight [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	3,383,939
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 16, 2024
Warrant nine [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	2,954,545
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 17, 2024
Warrant ten [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	10,614,123
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 18, 2024
Warrant eleven [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	21,431,754
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 24, 2024
Warrant twelve [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	2,653,000
Compensation warrants, exercise price | $ / shares	$ 0.33
Expiry date	Mar. 28, 2024
Warrant thirteen [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	36,268,450
Compensation warrants, exercise price | $ / shares	$ 0.36
Expiry date	Jun. 29, 2025
Warrant fourteen [Member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	3,001,440
Expiry date	Jun. 29, 2025
Warrant fourteen [member]
IfrsStatementLineItems [Line Items]
Compensation warrants, exercise price | $ / shares	$ 0.23
Warrant fifteen [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	625,000
Compensation warrants, exercise price | $ / shares	$ 0.36
Expiry date	Jun. 29, 2025
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	107,868,768

Schedule of Warrant Derivative

Schedule of Warrant Derivative Liability (Details) - Warrants [member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Beginning of the period	$ 472,899	$ 1,804,572
Warrants issued during the period		621,500
Warrant extinguished during the period		(479,535)
Change in fair value of derivative	294,373	(1,473,638)
Effect of change in functional currency	(309,737)
Foreign currency translation	(31,924)
End of the period	$ 425,611	$ 472,899

Schedule of Weighted Average _2

Schedule of Weighted Average Assumption for Warrants (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2021
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted	3.05%	3.05%
Expected life	3 years	3 years
Expected volatility, share options granted	175%	175%
Expected dividend as percentage, share options granted	0%	0%	0%
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted			33%
Expected life			3 years
Expected volatility, share options granted			245%
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted			79%
Expected life			5 years
Expected volatility, share options granted			257%
Warrants [member]
IfrsStatementLineItems [Line Items]
Expected life	2 years	2 years
Expected volatility, share options granted	154%	154%
Expected dividend as percentage, share options granted	0%	0%
Weighted average share price, share options granted | (per share)	$ 0.24	$ 0.031
Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted	1.21%	1.21%
Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted	1.30%	1.30%

Warrants (Details Narrative)

Warrants (Details Narrative)		9 Months Ended			12 Months Ended
	Jan. 02, 2022 USD ($)	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2022 CAD ($) shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 CAD ($) shares	Sep. 30, 2022 $ / shares
IfrsStatementLineItems [Line Items]
Weighted average remaining contractual life of outstanding share options		2 years 14 days	2 years 14 days
Issuance of private placement shares | shares					3,776,249	3,776,249
Number of stock issued for exercise of warrants | shares					4,068,080	4,068,080
Value of stock issued for exercise of warrants					$ 163,162
Expected dividend as percentage, share options granted		0%	0%	0%
Expected volatility, share options granted		175%	175%
Risk free interest rate, share options granted		3.05%	3.05%
Issuance of warrants | shares		4,155,750	4,155,750
Prepaid expenses		$ (4,690,853)		$ (411,273)
Payments reduction of debt		$ 43,272	$ 56,137
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected volatility, share options granted				245%
Risk free interest rate, share options granted				33%
Excercise price | (per share)		$ 0.07					$ 0.10
Top of range [member]
IfrsStatementLineItems [Line Items]
Expected volatility, share options granted				257%
Risk free interest rate, share options granted				79%
Excercise price | (per share)		$ 0.12					0.16
Warrants [member]
IfrsStatementLineItems [Line Items]
Weighted average remaining contractual life of outstanding share options		1 year 10 months 28 days	1 year 10 months 28 days
Fair value of warrants						$ 472,899
Expected dividend as percentage, share options granted		0%	0%
Expected volatility, share options granted		154%	154%
Total gross proceeds		$ 550,735	$ 725,681
Prepaid expenses		450,735	595,945
Payments reduction of debt		$ 100,000	$ 129,736
Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted		1.21%	1.21%
Excercise price | (per share)		$ 0.07					0.10
Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted		1.30%	1.30%
Excercise price | (per share)		$ 0.23					$ 0.31
Warrants [member] | Private placements [member]
IfrsStatementLineItems [Line Items]
Fair value of warrants	$ 288,618	$ 294,373
Expected dividend as percentage, share options granted		0%	0%		0%	0%
Expected volatility, share options granted		135%	135%		159%	159%
Risk free interest rate, share options granted		3.05%	3.05%		0.89%	0.89%
Expected life					1 year 6 months 21 days	1 year 6 months 21 days
FAir value of warrants		$ 425,611
Warrants [member] | Private placements [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected life		8 months 4 days	8 months 4 days
Warrants [member] | Private placements [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected life		1 year 3 months	1 year 3 months
Warrants And Finders Warrants [Member] | Private placements [member]
IfrsStatementLineItems [Line Items]
Issuance of common shares | shares		62,790,299	62,790,299

Schedule of Restricted Stock Un

Schedule of Restricted Stock Units (Details)	3 Months Ended	9 Months Ended				12 Months Ended
	Sep. 30, 2022 shares $ / shares	Sep. 30, 2022 shares	Sep. 30, 2022 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2021 shares $ / shares	Dec. 31, 2021 shares $ / shares
IfrsStatementLineItems [Line Items]
Number of options outstanding, Ending Balance | shares	9,415,000	7,640,000			11,900,000	11,900,000
Weighted average exercise price, Ending Balance | $ / shares			$ 0.12		$ 0.11	$ 0.11
Number of restricted stock units, granted		2,560,000	0.24	0.31		450,000
Weighted average fair value per award, granted | $ / shares			$ 0.22			$ 0.32
Number of restricted stock units, Vested | shares		(8,255,000)
Number of options outstanding, Ending Balance | shares	9,415,000	9,415,000				7,640,000
Weighted average exercise price, Ending Balance | $ / shares	$ 0.15		0.15			$ 0.12
Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of options outstanding, Ending Balance | shares
Weighted average exercise price, Ending Balance | $ / shares
Number of restricted stock units, granted | shares		1,150,000			150,000	1,325,000
Weighted average fair value per award, granted | $ / shares			0.17			$ 0.16
Number of restricted stock units, Vested | shares		(650,000)				(1,325,000)
Weighted average fair value per award, Vested | $ / shares			0.13			$ 0.16
Number of options outstanding, Ending Balance | shares	500,000	500,000
Weighted average exercise price, Ending Balance | $ / shares	$ 0.22		$ 0.22

Restricted Stock Units (Details

Restricted Stock Units (Details Narrative)	3 Months Ended		9 Months Ended						12 Months Ended
	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2022 CAD ($)	Sep. 30, 2021 USD ($) shares	Dec. 31, 2021 shares	Jun. 30, 2022 shares	Jun. 29, 2022 shares	Jun. 03, 2022 shares	May 26, 2022 shares	Dec. 31, 2020 shares
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement				2,560,000	0.24	0.31			450,000
Vested shares issued				8,255,000
Number of restricted stock units, Ending balance	9,415,000		9,415,000	9,415,000	9,415,000	9,415,000			7,640,000	9,415,000				11,900,000
Number of shares issued	2,000,000	1,416,667	2,000,000	2,000,000	2,000,000	2,000,000		1,416,667
Stock-based compensation | $	$ 1,410,291		$ 1,495,012					$ 161,291
Value of stock issued for obligation			$ 71,343				$ 92,637
Issued capital [member]
IfrsStatementLineItems [Line Items]
Number of shares issued		5,146,667						5,146,667			72,536,900	100,000	100,000
Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement				1,150,000				150,000	1,325,000
Weighted average fair value at measurement date, share options granted | $	$ 296,696	$ 36,900	$ 296,696	$ 296,696	$ 296,696	$ 296,696		$ 36,900
Vested shares issued				650,000					1,325,000
Number of restricted stock units, Ending balance	500,000		500,000	500,000	500,000	500,000
Increase (decrease) through share-based payment transactions, equity | $			$ 112,510					36,900
Stock-based compensation | $			75,933
Value of stock issued for obligation | $			$ 971,621
Restricted stock units (RSUs) [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Vested shares issued									50,000
Number of shares issued	50,000		50,000	50,000	50,000	50,000
Restricted stock units (RSUs) [member] | Officer [Member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement	125,000			150,000
Restricted stock units (RSUs) [member] | Officer [Member] | SASB Phase A [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement	100,000
Restricted stock units (RSUs) [member] | Officer [Member] | SASB Phase B [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement	125,000

Schedule of General and Adminis

Schedule of General and Administrative Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Salaries and compensation			$ 2,431,533	$ 1,135,535
Professional fees			525,971	198,175
Office			630,662	29,798
Filing and Transfer Fees			92,574	112,783
Advertising			353,143
Travel			33,160
Penalties			30,652
Bank charges and other			11,302	63,847
General and Administrative	$ 1,774,447	$ 509,335	$ 4,108,997	$ 1,540,138

Related Party Transactions (Det

Related Party Transactions (Details Narrative)																											1 Months Ended		3 Months Ended	9 Months Ended						12 Months Ended
	Mar. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)	Sep. 21, 2022 shares	Sep. 21, 2022 $ / shares shares	Sep. 21, 2022 $ / shares shares	Sep. 20, 2022 shares	Sep. 20, 2022 $ / shares shares	Sep. 20, 2022 $ / shares shares	Sep. 15, 2022 USD ($) shares	Sep. 07, 2022 shares	Sep. 07, 2022 $ / shares shares	Sep. 07, 2022 $ / shares shares	Sep. 02, 2022 shares $ / shares	Sep. 01, 2022 shares $ / shares	Aug. 18, 2022 USD ($) shares	Jul. 15, 2022 USD ($) shares	Jun. 29, 2022 $ / shares shares	Jun. 29, 2022 $ / shares shares	Jun. 14, 2022 shares	Jun. 03, 2022 shares	May 26, 2022 shares	Apr. 08, 2022 shares	Sep. 07, 2021 shares	Aug. 20, 2021 shares	Aug. 09, 2021 shares	Sep. 02, 2020 USD ($) shares	Aug. 18, 2022 USD ($) shares	Jul. 28, 2021 shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2022 USD ($) shares $ / shares	Sep. 30, 2022 CAD ($)	Sep. 30, 2021 USD ($) shares	Dec. 31, 2021 USD ($) shares	Jun. 30, 2022 shares	Sep. 30, 2021 CAD ($) shares	Jun. 28, 2021 shares	Jun. 27, 2021 shares	Mar. 30, 2021 USD ($)	Mar. 30, 2021 CAD ($)	Dec. 31, 2020 USD ($) shares	Sep. 15, 2020 USD ($)	Sep. 15, 2020 CAD ($)
IfrsStatementLineItems [Line Items]
Amounts payable, related party transactions																													$ 113,223	$ 113,223	$ 113,223	$ 113,223	$ 113,223			$ 13,831
Portfolio and other management fee income																														537,227					$ 176,930
Professional fees expense																														$ 525,971					$ 198,175
Common stock, shares | shares																													2,000,000	2,000,000	2,000,000	2,000,000	2,000,000		1,416,667			1,416,667
Trade and other payables																													$ 242,513	$ 242,513	$ 242,513	$ 242,513	$ 242,513		$ 70,833
Number of share options exercised in share-based payment arrangement | shares																															785,000					3,910,000
Notional amount																																									$ 29,528	$ 37,500		$ 9,870	$ 13,000
Notes receivables																													$ 1,109,032	$ 1,109,032	$ 1,109,032	$ 1,109,032	$ 1,109,032			$ 1,158,832
Number of share options granted in share-based payment arrangement																															2,560,000	0.24	0.31			450,000
Vested shares issued | shares																															8,255,000
Number of share options granted in share-based payment arrangement | shares																													9,415,000	9,415,000	9,415,000	9,415,000	9,415,000			7,640,000	9,415,000						11,900,000
Value of stock issued for obligation																														$ 71,343				$ 92,637
Proceeds from stock plans																														28,071					139,188
Cash bonus																														2,431,533					1,135,535
Promissory Note Agreements [member]
IfrsStatementLineItems [Line Items]
Notional amount																																			$ 518,820			$ 648,078
Stock options [member]
IfrsStatementLineItems [Line Items]
Number of share options exercised in share-based payment arrangement | shares																																			670,000
Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																															1,150,000				150,000	1,325,000
Vested shares issued | shares																															650,000					1,325,000
Number of share options granted in share-based payment arrangement | shares																													500,000	500,000	500,000	500,000	500,000
Value of stock issued for obligation																														$ 971,621
Issued capital [member]
IfrsStatementLineItems [Line Items]
Common stock, shares | shares																	72,536,900	72,536,900		100,000	100,000														5,146,667			5,146,667
Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Common stock, shares | shares																													50,000	50,000	50,000	50,000	50,000
Vested shares issued | shares																																				50,000
Warrants [member]
IfrsStatementLineItems [Line Items]
Common stock, shares | shares			1,250,000	1,250,000	1,250,000	37,500	37,500	37,500		10,000	10,000	10,000	750,000	162,000					55,000			196,250	210,000	4,056,247	16,134,000														135,000	10,000
Number of share options exercised in share-based payment arrangement | shares			1,250,000			37,500				10,000			750,000	162,000					55,000	100,000	100,000	196,250	200,000	3,605,247	16,134,000			10,000							4,476,667
Number of share options granted in share-based payment arrangement				0.23	0.31		0.33	0.45			0.33	0.45	0.08	0.08			0.39	0.50														0.36	0.50
Related parties [member]
IfrsStatementLineItems [Line Items]
Professional fees expense																														$ 54,000					$ 42,000
Stock based compensation																														$ 1,401,090
Related parties [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																															200,000
Number of share options granted in share-based payment arrangement | shares																													291,947	291,947	291,947	291,947	291,947
Value of stock issued for obligation																														$ 608,546
Related parties [member] | Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																																				250,000
Officer [Member]
IfrsStatementLineItems [Line Items]
Prepaid expenses																													$ 5,000	5,000	$ 5,000	$ 5,000	$ 5,000
Notes receivables																													$ 450,325	$ 450,325	$ 450,325	$ 450,325	$ 450,325			$ 517,985
Interest rate																													500%	500%	500%	500%	500%
Officer [Member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																													125,000		150,000
Officer [Member] | Restricted stock units (RSUs) [member] | SASB Phase B [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																													125,000
Officer [Member] | Restricted stock units (RSUs) [member] | SASB Phase A [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																													100,000
Other related parties [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																															200,000
Vested shares issued | shares																																				250,000
CEO [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Number of share options granted in share-based payment arrangement | shares																										250,000
Value of stock issued for obligation																														$ 350,162
Proceeds from stock plans																										$ 5,000,000
CEO [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Proceeds from stock plans																										25,000
CEO [member] | Restricted stock units (RSUs) [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Proceeds from stock plans																										$ 5,000,000
CEO [member] | Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares									250,000																	100,000
Cash bonus									$ 100,000
CFO [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Common stock, shares | shares															325,000												325,000
Value of stock issued for obligation																											$ 94,300			5,739
Cash payments															$ 210,000
Auditors remuneration																														21,761
CFO [member] | Restricted stock units (RSUs) [member] | Major ordinary share transactions [member]
IfrsStatementLineItems [Line Items]
Cash payments	$ 50,000	$ 50,000
CFO [member] | Restricted stock units (RSUs) [member] | SASB Phase B [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																125,000
Cash bonus																$ 20,000
CFO [member] | Restricted stock units (RSUs) [member] | SASB Phase A [member]
IfrsStatementLineItems [Line Items]
Cash bonus																25,000
CFO [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Cash payments															110,000
CFO [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Value of stock issued for obligation															$ 58,031
CFO [member] | Restricted stock units (RSUs) [member] | Bottom of range [member] | SASB Phase A [member]
IfrsStatementLineItems [Line Items]
Cash bonus																$ 5,000,000
CFO [member] | Restricted stock unit [member]
IfrsStatementLineItems [Line Items]
Value of stock issued for obligation																														$ 174,093
CFO [member] | Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Common stock, shares | shares																													200,000	200,000	200,000	200,000	200,000
Vested shares issued | shares																150,000															75,000					100,000
CFO [member] | Issued capital [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																100,000
CFO [member] | Issued capital [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Cash bonus																$ 15,000
COO [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Value of stock issued for obligation																														$ 7,174
COO [member] | Restricted stock units (RSUs) [member] | SASB Phase B [member]
IfrsStatementLineItems [Line Items]
Cash bonus																$ 20,000
COO [member] | Restricted stock units (RSUs) [member] | Bottom of range [member] | SASB Phase B [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																125,000
COO [member] | Issued capital [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																150,000																				125,000
COO [member] | Issued capital [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Vested shares issued | shares																100,000
COO [member] | Issued capital [member] | Restricted stock units (RSUs) [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Cash bonus																$ 15,000

Schedule of Geographical Segmen

Schedule of Geographical Segment Information (Details) - USD ($)	6 Months Ended	9 Months Ended
	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenue for the nine months ended September 30,
Revenue	$ 2,837,024	$ 3,589,368	$ 2,837,024
Non-current assets as at
Non-current assets		14,753,406		$ 4,689,331
Canada [member]
Revenue for the nine months ended September 30,
Revenue
Non-current assets as at
Non-current assets		41,699
Turkey [member]
Revenue for the nine months ended September 30,
Revenue	2,837,024	3,589,368	2,837,024
Non-current assets as at
Non-current assets		11,565,531		1,573,185
Bermuda [member]
Revenue for the nine months ended September 30,
Revenue
Non-current assets as at
Non-current assets
Bulgaria [member]
Revenue for the nine months ended September 30,
Revenue
Non-current assets as at
Non-current assets		$ 3,146,176		$ 3,116,146

Summary of Maturity Profile of

Summary of Maturity Profile of the Contractual Cashflows (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Accounts payable	$ 1,904,876	$ 852,481	$ 1,496,510
Loans payable	90,304	649,047	567,154
Lease liability	9,638	15,324	39,809
Total liabilities	10,554,266	10,982,859	$ 13,274,494
Contractual liablities [member]
IfrsStatementLineItems [Line Items]
Accounts payable	1,904,876	852,481
Loans payable	90,304	649,047
Lease liability	9,638	15,324
Total liabilities	2,004,818	1,516,852
Less than 1 year [member] | Contractual liablities [member]
IfrsStatementLineItems [Line Items]
Accounts payable	1,904,876	852,481
Loans payable	49,989	630,534
Lease liability	3,988	6,732
Total liabilities	1,958,853	1,489,747
One to two year [member] | Contractual liablities [member]
IfrsStatementLineItems [Line Items]
Accounts payable
Loans payable	40,315	18,513
Lease liability	5,650	8,592
Total liabilities	45,965	27,105
Later than 2 years [member] | Contractual liablities [member]
IfrsStatementLineItems [Line Items]
Accounts payable
Loans payable
Lease liability
Total liabilities

Financial Instruments and Ris_3

Financial Instruments and Risk Management (Details Narrative)	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Average foreign exchange rate	10
Net foreign exchange loss	$ 543,401	$ 201,206

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)																											1 Months Ended	9 Months Ended					12 Months Ended
	Nov. 21, 2022 shares	Oct. 21, 2022 $ / shares	Oct. 01, 2022 USD ($) shares $ / shares	Oct. 01, 2022 CAD ($) shares $ / shares	Sep. 21, 2022 shares	Sep. 21, 2022 $ / shares shares	Sep. 21, 2022 $ / shares shares	Sep. 20, 2022 shares	Sep. 20, 2022 $ / shares shares	Sep. 20, 2022 $ / shares shares	Sep. 07, 2022 shares	Sep. 07, 2022 $ / shares shares	Sep. 07, 2022 $ / shares shares	Sep. 02, 2022 shares $ / shares	Sep. 01, 2022 shares $ / shares $ / shares	Jun. 29, 2022 $ / shares	Jun. 29, 2022 $ / shares	Jun. 14, 2022 shares $ / shares	Jun. 03, 2022 shares $ / shares	May 26, 2022 shares $ / shares	Apr. 08, 2022 shares $ / shares	Apr. 08, 2022 shares $ / shares	Sep. 07, 2021 shares $ / shares	Sep. 07, 2021 shares $ / shares	Aug. 20, 2021 shares	Aug. 09, 2021 shares	Jul. 28, 2021 shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 shares	Sep. 30, 2022 $ / shares shares	Sep. 30, 2022 $ / shares shares	Sep. 30, 2021 USD ($) shares $ / shares	Dec. 31, 2021 shares	Jun. 28, 2021 shares	Jun. 27, 2021 shares
IfrsStatementLineItems [Line Items]
Common stock, shares																												2,000,000	2,000,000	2,000,000	2,000,000	1,416,667
Exercise of warrants shares																													785,000				3,910,000
Price per share | $ / shares																														$ 0.22		$ 0.24
Proceeds from warrants | $																												$ 450,735				$ 1,771,205
Number of share options granted in share-based payment arrangement																													2,560,000	0.24	0.31		450,000
Proceeds from options | $																												$ 28,071				$ 139,188
Warrants shares, expired																																	150,000
Warrants [member]
IfrsStatementLineItems [Line Items]
Common stock, shares					1,250,000	1,250,000	1,250,000	37,500	37,500	37,500	10,000	10,000	10,000	750,000	162,000			55,000			196,250	196,250	210,000	210,000	4,056,247	16,134,000								135,000	10,000
Exercise of warrants shares					1,250,000			37,500			10,000			750,000	162,000			55,000	100,000	100,000	196,250	196,250	200,000	200,000	3,605,247	16,134,000	10,000					4,476,667
Price per share | (per share)															$ 0.10			$ 0.10	$ 0.10	$ 0.10	$ 0.08	$ 0.10	$ 0.10	$ 0.12
Number of share options granted in share-based payment arrangement						0.23	0.31		0.33	0.45		0.33	0.45	0.08	0.08	0.39	0.50													0.36	0.50
Number of shares, granted			250,000	250,000
Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Price per share | (per share)			$ 0.50	$ 0.31
Nonadjusting event [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Common stock, shares			2,840,000	2,840,000
Exercise of warrants shares	9,501,584
Proceeds from warrants			$ 337,400	$ 405,400
Warrants shares, oustanding	12,442,663
Warrants shares, expired	2,941,079
Nonadjusting event [member] | Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Price per share | (per share)		$ 0.15	$ 0.08	$ 0.10
Nonadjusting event [member] | Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Price per share | (per share)			$ 0.27	$ 0.31
Nonadjusting event [member] | Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise of warrants shares			2,840,000	2,840,000
Nonadjusting event [member] | Broker warrant [member]
IfrsStatementLineItems [Line Items]
Exercise of warrants shares			1,500,000	1,500,000
Proceeds from warrants			$ 338,462	$ 465,000
Number of share options granted in share-based payment arrangement			1,500,000	1,500,000
Number of shares, granted			750,000	750,000
Nonadjusting event [member] | Broker warrant [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Price per share | (per share)			$ 0.27	$ 0.31
Nonadjusting event [member] | Options [member]
IfrsStatementLineItems [Line Items]
Common stock, shares			300,000	300,000
Exercise of warrants shares			300,000	300,000
Proceeds from options			$ 18,000	$ 24,000
Nonadjusting event [member] | Options [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Price per share | $ / shares			$ 0.06
Nonadjusting event [member] | Options [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Price per share | $ / shares			$ 0.08
Nonadjusting event [member] | Restricted stock units (RSUs) [member]
IfrsStatementLineItems [Line Items]
Common stock, shares			600,000	600,000