Tenth Avenue Petroleum Shareholders Approve Key Resolutions Including Name Change to Decimus Oil Corp.

Tenth Avenue Petroleum Corp. announced that all nominees listed in the management proxy circular were elected as directors at its annual general and special meeting held on September 17, 2025. A total of 16,783,724 common shares, representing 37.22% of the company's issued and outstanding shares as of the record date, were represented at the meeting, demonstrating significant shareholder participation in the corporate decision-making process.

The resolution to fix the number of directors at four was approved, and all four nominated directors were elected to serve until the next annual meeting. The voting results for each director, available through the company's disclosure documents, showed strong support from the represented shareholders. This continuity in leadership provides stability for the company's strategic initiatives and operational plans moving forward.

Shareholders overwhelmingly approved the stock option plan with 16,754,365 shares (99.843%) voting in favor of the resolution. The approval of this compensation mechanism is crucial for attracting and retaining key talent in the competitive energy sector, aligning management interests with shareholder value creation. The resolution to appoint Crowe & McKay LLP as company auditors was also approved, ensuring continued independent financial oversight.

Most notably, shareholders approved the special resolution to change the company name to Decimus Oil Corp. with 16,780,225 shares (99.979%) voting in favor. This near-unanimous support indicates strong shareholder confidence in the company's rebranding strategy and future direction. Corporate name changes often signal strategic shifts or renewed focus, and this overwhelming approval suggests shareholders believe the new identity better represents the company's vision and market positioning.

Further disclosure on all matters approved at the meeting can be found in the Management Information Circular dated August 15, 2025 and the Report of Voting Results available on SEDAR. The comprehensive nature of these approvals, particularly the near-unanimous support for the name change and stock option plan, demonstrates strong alignment between management and shareholders regarding the company's strategic direction and governance practices.