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 in the 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 near-unanimous support indicates strong shareholder confidence in management's vision for the company's future direction and market positioning within the competitive energy landscape.

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 high approval rates across all resolutions suggest shareholders recognize both the opportunities and risks facing the company as it transitions to Decimus Oil Corp. while maintaining its focus on operational excellence and per-share growth through strategic assets in the Mannville stack.