The agenda items included the approval of a&o kreston audit ag as the company's auditor for 2020 and 2021 and the relocation of the company's registered address to Steinhausen, Zug, Switzerland. Both agenda items were approved by over 99% of the votes cast.

Chief Executive Officer, Peter Krempin commented:

"We are pleased that an overwhelming majority of the shareholders of Terraoil continue to support the company and we are positioned to complete the audits and advance our business plan. The audits will commence immediately and when they are completed, we will be able to hold the Annual General Meetings for 2020 and 2021 and provide shareholders with an in-person update on the many developments of Terraoil."

If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email [email protected] or by telephone at +41 71 544 01 20.

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