Gregory J. Leia Acquires Shares in Tenth Avenue Petroleum Corp.

Calgary, Alberta (FSCwire) - This press release is issued by Gregory J. Leia as required under National Instrument 62-104 (5.2) and National Instrument 62-103 Respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Calgary, Alberta.    On May 19, 2017, Mr. Leia, indirectly through Gregory J. Leia Professional Corporation purchased 600,000 units of Tenth Avenue Petroleum Corp. (“TPC”) (symbol TPC on the Toronto Stock Exchange Venture (“TSXV”) pursuant to a non-brokered private placement for $0.05 per unit.  Each unit consisted of 1 common share and 1 common share purchase warrant entitling the holder to purchase 1 common share for $0.075 any time within 3 years of issuance of the warrant. 

Mr. Leia, directly or indirectly, now owns 3,428,300 common shares representing approximately 38% of the 8,892,667 outstanding common shares of TPC upon completion of the private placement.  Mr. Leia has rights to acquire 1,600,000 common shares upon exercise of warrants and 292,500 common shares upon exercise of options. There would be 11,680,167 common shares issued and outstanding if all warrants and options were exercised and if so Mr. Leia would own 5,310,800 common shares representing 45% of the issued and outstanding common shares on a fully diluted basis.  Mr. Leia is an officer and a director of TPC.  Mr. Leia holds shares in TPC for investment purpose only.

A copy of the report required to be filed under National Instrument 62-103 is to be filed on www.sedar.com and may be obtained by contacting Mr. Leia.  For more information please contact Mr. Leia at 403 265 4122 or at #203 - 221 10th Ave SE, Calgary Alberta T2G 0V9.

The TSXV has not reviewed or approved this press release.

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