Tenth Avenue Petroleum Shareholders Approve Name Change to Decimus Oil Corp. and Re-elect Board

Tenth Avenue Petroleum Corp. shareholders have demonstrated strong support for the company's leadership and strategic direction by approving all resolutions at the annual general and special meeting held September 17, 2025. The meeting saw 37.22% of issued and outstanding common shares represented, totaling 16,783,724 shares, indicating substantial shareholder engagement in the company's governance decisions.

The most significant development from the meeting was the overwhelming approval of the special resolution to change the company name to Decimus Oil Corp., with 99.979% of represented shares voting in favor. This name change represents a strategic rebranding effort that could signal a new chapter for the Canadian junior oil and gas exploration company. The near-unanimous support suggests shareholders endorse this corporate identity shift, which may position the company for future growth opportunities in Alberta's energy sector.

Shareholders re-elected all four directors listed in the management proxy circular, maintaining continuity in corporate leadership. The board will continue to guide the company's exploration, development, and production activities in Western Canada, particularly focusing on the Mannville stack assets. The resolution to fix the number of directors at four was also approved, ensuring stable governance structure moving forward.

The company's stock option plan received near-unanimous approval with 99.843% of represented shares voting in favor. This approval maintains the compensation structure that aligns management incentives with shareholder interests. Additionally, shareholders approved the appointment of Crowe & McKay LLP as company auditors, ensuring continued financial oversight and compliance.

Detailed information about the meeting outcomes is available in the Management Information Circular dated August 15, 2025 and the Report of Voting Results filed on SEDAR+. The original release can be viewed on NewMediaWire. These governance decisions come as the company focuses on sustainable growth in Alberta's energy sector while navigating industry challenges including commodity price fluctuations, regulatory changes, and operational risks inherent in oil and gas operations.