Tenth Avenue Petroleum Shareholders Approve Rebranding 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 the importance of the strategic decisions being made during a period of transformation for the Canadian energy company.

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 Canadian junior oil and gas exploration and production 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.

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 as the company navigates its rebranding and strategic initiatives. 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.

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. The overwhelming shareholder approval across all resolutions suggests strong alignment between management and investors regarding the company's strategic direction and risk management approach.