Tenth Avenue Petroleum Shareholders Approve Strategic Rebrand to Decimus Oil Corp.

Tenth Avenue Petroleum Corp. announced that shareholders have approved all resolutions presented at the company's annual general and special meeting held on September 17, 2025. The meeting saw 37.22% of issued and outstanding common shares represented, totaling 16,783,724 shares, demonstrating significant shareholder engagement in the company's governance decisions. This level of participation underscores investor interest in the strategic direction of the Canadian junior oil and gas exploration and production company as it navigates the evolving energy landscape.

Shareholders overwhelmingly approved the special resolution to change the company name to Decimus Oil Corp., with 99.979% of represented shares voting in favor of the rebranding. This name change represents a strategic shift for the company as it continues to focus on sustainable growth in Alberta. The near-unanimous support indicates strong shareholder confidence in the company's new direction and branding strategy. The company's commitment to operational excellence and per-share growth remains central to its strategy while leveraging strategic assets in the Mannville stack, positioning it for continued development in the region.

The meeting resulted in the election of all four director nominees listed in the management proxy circular, with each director receiving substantial support from shareholders. This continuity in leadership provides stability during the company's transition period. Additionally, shareholders approved fixing the number of directors at four and appointed Crowe & McKay LLP as the company's auditors. The stock option plan received near-unanimous approval with 99.843% of represented shares voting in favor, indicating strong confidence in the company's compensation structure and future growth prospects. This comprehensive approval of governance matters reflects well on the company's corporate practices and shareholder relations.

Further details on the matters approved at the meeting are available in the Management Information Circular dated August 15, 2025 and the Report of Voting Results available on SEDAR+. The company's forward-looking statements emphasize the substantial known and unknown risks and uncertainties inherent in oil and gas operations, including impacts from economic conditions, commodity price fluctuations, regulatory changes, and operational challenges. These approvals come at a critical time for the energy sector as companies adapt to changing market dynamics and investor expectations regarding sustainable operations and corporate governance.