Tenth Avenue Petroleum Corp. Expands with Transformative Bantry Acquisition

Calgary, AB — June 18, 2025 — NewsWall — Tenth Avenue Petroleum Corp. (TPC) (TSXV:TPC) has announced it has signed a Letter of Intent to acquire the Bantry Acquisition near Brooks, Alberta. The acquisition targets Mannville formations and aligns with TPC’s growth strategy.

The Bantry Acquisition includes 23 gross sections of land with existing facilities and infrastructure. It is strategically located with access to oilfield services and year-round access.

The acquisition is expected to increase corporate production to approximately 320-330 boe/d, up from the acquired assets' 154 boe/d. The assets have a historically low decline rate of less than 6% and are expected to be highly accretive, completed at less than 1.0x Q4/25 NOI.

The total consideration for the acquisition is approximately $150,000, due on closing, representing ~0.03x estimated fourth quarter 2025 annualized net operating income based on forward Natural Gas Exchange (ICE NGX) market pricing.

The Acquisition is anticipated to close during the fourth quarter of 2025, subject to standard satisfactory due diligence, board of director approval, including receipt of the Court, regulatory approvals and customary closing conditions. The transaction remains subject to the approval of the TSX Venture Exchange.

Cameron MacDonald, President & CEO, can be reached at (403) 585-9875 or cmacdonald@tenthavenuepetroleum.com.

Source: Tenth Avenue Petroleum Corp.