Management's slate of directors includes its vice chairman, G. Thomas Gamble of Gamble Family Vineyards of Napa Valley, California; Paul Bateman, president of Klein & Saks Group of Washington, D.C., Ambassador Ed Gabriel, president and CEO of The Gabriel Company of Washington, D.C., Dr. Henry Lowenstein, Dean of the Wall College of Business, Coastal Carolina University, Conway, South Carolina; Loren Miller, CPA, of Arcadia, California; James S. Mayer, principal, The Pinnacle Financial Group of Yardley, Pennsylvania and F. Lynn Blystone, chairman and chief executive officer of Tri-Valley Corporation and its five subsidiaries of Bakersfield, California. All directors received in excess of 92% of all votes cast.

Measure Two on the ballot was to amend the Certificate of Incorporation to authorize issuance of up to twenty million shares of preferred stock from the currently five million authorized, which received the required plurality of the 27,411,577 common shares outstanding as of the August 18, 2009 record date.

Measure Three amended the Certificate of Incorporation to grant the Board of Directors authority to set terms for issuing preferred stock in the event the Company elects to do so. It also received the required majority of outstanding shares eligible to be voted. Both measures were supported on a ratio in the range of more than 12 to one in favor.

Total share votes cast were 18,464,256 or 67.36% of the outstanding shares of record on August 18, 2009.

Shareholders heard presentations from management on the Company's oil and gas projects in California and on its gold and calcium carbonate projects in Alaska, followed by an extensive question and answer period from shareholders attending from all over the United States and several foreign countries.

The Company presented a preliminary reserve evaluation report on its heavy oil project in Oxnard, California prepared by the independent Calgary, Alberta, Canada engineering firm, AJM Petroleum Consultants, who are experts in heavy oil and tar sand reservoirs. Tri-Valley noted that it has successfully drilled eight horizontal wells into the Vaca Tar Sands at Oxnard and is steaming and flowing individual well bores to build production profiles.