Mr. Leonard Van Betuw reports

AVILA ENERGY ANNOUNCES CHANGE IN AUDITOR AND APPOINTMENT ON NEW CFO

Avila Energy Corp. has appointed Kenway Mack Slusarchuk Stewart LLP, chartered professional accountant (KMSS), as the company's independent auditor to hold office until the next annual general meeting of shareholders.

Change in auditor

Effective March 5, 2024, at the request of the company, Avila's predecessor auditor, WDM Chartered Professional Accountants, resigned as auditor and KMSS was appointed to fill its vacancy for the fiscal year ended Dec. 31, 2023.

In accordance with the requirements of National Instrument 51-102, a notice of change in auditor dated March 5,2024, with an effective date of March 5, 2024, was sent to KMSS and WDM, each of which has provided a letter confirming its agreement with the statement in the notice of change.

Appointment of new chief financial officer

The company has appointed Donica Ingot-Candia, CPA (Philippines), as avila's new chief financial officer.

Ms. Ingot-Candia brings over 10 years of combined experience in finance and leadership experience. She was formerly a controller with a private company in Calgary, Alta., and has held various accounting positions with companies in the Philippines. Her areas of expertise include corporate finance, M&A (mergers and acquisitions), modelling, capital markets, financial reporting, and strategic planning.

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 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.

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