Mr. Leonard Van Betuw reports

AVILA ENERGY CORPORATION ANNOUNCES THE ENGAGEMENT OF COMMON CENTS MEDIA SPC. AND FILES EARLY WARNING REPORT

Avila Energy Corp. has engaged Common Cents Media SPC and filed an early warning report.

Consulting services agreement

The company has entered into an arm's-length consulting services agreement with Common Cents Media SPC, effective Nov. 1, 2023, complementary to its existing marketing efforts and in combination with the advance of the company's vertically integrated energy business into the United States in 2024. The company is pleased to be engaging the services of Common Cents Media to consult and advise the company in matters of strategic communications to various stakeholder groups and the tracking of the results of social media campaigns. The initial term of the agreement is one month with extensions to be mutually agreed upon for additional services.

About Common Cents Media SPC

Common Cents offers small- and medium-sized public companies with the help and management of upkeeping their digital front and keeping both shareholders and potential customers informed and excited through digital means.

For further information, please visit the Common Cents website or call 253-780-1770.

Early warning report

Pursuant to National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues

Leonard Van Betuw announces that he has been disposed by way of dilution 2.49 per cent of the common shares he holds in Avila as a result of an issuance of common shares pursuant to an offering of units, which first tranche closed on Oct. 31, 2023.

On Oct. 31, 2023, Avila issued 20.66 million units from treasury pursuant to the issuance. Prior to the issuance, Mr. Van Betuw held 31.21 per cent of the issued and outstanding common shares of Avila. Following the issuance, Mr. Van Betuw's holdings held fell to 28.72 per cent.

The dilution arose solely as a result of the issuance; however, Mr. Van Betuw subscribed for $120,000 or 2.4 million units of the issuance. Each unit was issued at a price of five cents. Each unit comprises one common share in the share capital of the company and one-half common share purchase warrant. Each full warrant entitles its holder to purchase one additional common share at a price of 12 cents for a period of 24 months following the closing.

A report respecting this acquisition will be electronically filed with the securities commission in each jurisdiction where the issuer is reporting and will be available for viewing on SEDAR+.

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's long-term vision is to achieve, through the implementation of a closed system of carbon capture and sequestration, an established path toward the material reduction of Tier 1, Tier 2 and Tier 3 emissions, and the company continues to work toward becoming a vertically integrated carbon-neutral energy producer. The company's goals are to be achieved by focusing on the application of proven geological, geophysical, engineering and production techniques in combination with the delivery of direct-to consumer energy sales to both residential and commercial consumers.

We seek Safe Harbor.