On December 23, 2015, Petromin Resources Ltd. announced that Ivano DeCotiis has initiated a petition seeking leave to commence a derivative action in the Supreme Court of British Columbia on behalf of the Company against the Company's current and former directors and certain companies, based on allegations that the current and former directors of the Company have transferred the Company's interest in TerraWest Energy Corp., a private British Columbia company, to shell corporations controlled by such directors.