Mr. Leonard Van Betuw reports

AVILA ENERGY CORPORATION FILES FINANCIAL REPORTS FOR THE THREE MONTHS ENDED MARCH 31, 2023

Avila Energy Corp. has filed its financial results for the three months ended March 31, 2023.

Avila Energy's financial statements and manage discussion and analysis are filed and can be found on SEDAR or the company's website for the three months ended March 31, 2023, and 2022.

About Avila Energy Corp.

The company is an emerging Canadian Securities Exchange-listed corporation trading under the symbol VIK, and, in combination with an expanding portfolio of 100-per-cent-owned-and-operated oil and natural gas production, pipelines and facilities, is a licensed producer, explorer and developer of energy in Canada. The company, through the implementation of a closed system of carbon capture and sequestration and an established path under way toward the material reduction of Tier 1, Tier 2 and Tier 3 emissions, continues to work toward becoming a vertically integrated, low-cost, carbon-neutral energy producer. The company continues to grow and achieve its results by focusing on the application of a combination of proven geological, geophysical, engineering and production techniques.

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