Mr. Anthony Marino reports

TENAZ ENERGY CORP. ANNOUNCES 2025 ANNUAL MEETING RESULTS

Tenaz Energy Corp. has released the results from its annual meeting of shareholders held on May 29, 2025. A total of 10,546,547 common shares, representing 37.41 per cent of the company's issued and outstanding common shares, were represented in person or by proxy at the meeting.

All of the matters put forward before the shareholders, as set out in the company's management information circular dated April 25, 2025, were approved by the shareholders.

Number of directors: The number of directors to be elected was fixed at six.

     Votes for         Votes against  

Number          %      Number       %  

6,949,659   99.36      44,583    0.64 

Election of directors: Each of the following six nominees was elected as a director of the company.

 
Nominee                Votes for       Votes withheld  
         
                    Number        %    Number       % 
  
Anna Alderson    6,660,932    99.31    46,242    0.69 
John Chambers    6,661,132    99.31    46,042    0.69 
Anthony Marino   6,706,974   100.00       200    0.00 
Marty Proctor    6,660,932    99.31    46,242    0.69 
Varinia Radu     6,661,132    99.31    46,042    0.69 
Mark Rollins     6,661,847    99.32    45,327    0.68 

Appointment of auditor: Deloitte LLP was reappointed as auditor of the company.

    Votes for         Votes withheld  

Number           %    Number       %   

10,544,747   99.98     1,800    0.02 

Unallocated awards: All unallocated awards under the Tenaz incentive plan were approved.

     Votes for           Votes against  

Number           %       Number       % 
 
6,048,334    90.18      658,840    9.82 

About Tenaz Energy Corp.

Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the second-largest operator of natural gas assets in the Dutch sector of the North Sea, and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Tenaz's common shares are listed for trading on the Toronto Stock Exchange under the symbol TNZ.