Tenth Avenue Petroleum Shareholders Approve Corporate 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 reflects investor interest in the company's strategic direction during a period of transformation for the Canadian energy sector.

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 rebranding to Decimus Oil Corp. signifies more than just a name change—it reflects the company's evolution and renewed focus on operational excellence while maintaining its commitment to per-share growth and 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 unanimous approval of the board demonstrates shareholder confidence in the company's leadership and governance structure. Additionally, shareholders approved fixing the number of directors at four and appointed Crowe & McKay LLP as the company's auditors, ensuring continuity in financial oversight and corporate governance practices.

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 overwhelming support for the incentive plan suggests shareholders believe in management's ability to create long-term value and align executive compensation with shareholder interests. 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 https://www.sedarplus.ca/. 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 that could affect the company's ability to execute its strategic objectives following the shareholder approvals.