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. 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 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. 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, particularly the near-unanimous support for the name change and stock option plan, reflect shareholder confidence in the company's strategic direction and management team.

The transition to Decimus Oil Corp. marks a significant milestone in the company's evolution as it positions itself for future growth opportunities in the competitive energy sector. The strong shareholder participation rate of over 37% indicates active investor interest in the company's governance and strategic decisions. This level of engagement is particularly notable for a junior exploration and production company operating in the dynamic Alberta energy market. The company's focus on sustainable growth aligns with broader industry trends toward responsible resource development while maintaining its core operational objectives.