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 high level of participation reflects investor confidence in the company's strategic direction during a period of transformation in 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 near-unanimous support for the rebranding indicates strong shareholder alignment with 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. 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 suggests shareholders endorse the current leadership team's approach to navigating market challenges and opportunities.

The company's commitment to operational excellence and per-share growth remains central to its strategy while leveraging strategic assets in the Mannville stack. 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. This strategic rebranding and governance approval positions the company for its next phase of development in Alberta's evolving energy market.