File: Attachment Avila Energy Corporation - News release - June 30, 2025.pdf

Avila Energy Corporation 2500, 500 4 Avenue SW

Calgary, Alberta Canada T2P 2V6

AVILA ENERGY CORPORATION ANNOUNCES

FILING OF2024 FINANCIALS REVOCATION OF CEASE TRADE ORDER

June 30, 2025, Calgary, Alberta Avila Energy Corporation (CSE: VIK (the "Company") announces that it has filed its annual Audited Financial Statements, Annual Management's Discussion and Analysis and CEO and CFO Certifications of the annual filings for the year ended 31 December 2024. In addition, the Company filed its Q1 Financial Statements, Management Discussion and Analysis and CEO and CFO Certifications for the period ended March 31, 2025. The annual statements have been filed within 90 days of the issuance of the Failure to File Cease Trade Order, which was issued by the Alberta Securities Commission on May 7, 2025, therefore there is no requirement to file an application to revoke same.

On June 26, 2025 the Company filed an application for the revocation of the compliance cease trade order issued on November 22, 2024 by the Alberta Securities Commission under Section 164 of the Act generally prohibiting trading in the securities of the Applicant in Jurisdictions due to the Applicant's failure to file its annual audited financial statements in accordance with the Legislation for the year ended December 31, 2023 (the "Annual Financial Filings"), including the related management discussion and analysis, and CEO and CFO certifications (the "Required Filings").

The Company on September 20, 2024, filed a Notice of Intention to make a Proposal to its creditors. On March 21, 2025, at the meeting of the Companies Creditors, the Proposal was accepted. On May 23, 2025, the Court of Kings Bench issued an Order directing the company to convene a second Creditors Meeting to obtain the consent of the creditors to extend the date for the Cease Trade Order to be lifted and to extend the date for the Company to recommence trading on the Canadian Securities Exchange "CSE". That meeting is currently being called by the Trustee and the Company is confident that the approval of the amendments to the Proposal will be obtained.

The Company believes that it will receive the revocation of the November 22, 2024, Compliance Cease Trade Order on or about June 30, 2025, and accordingly the Company intends to commence a Private Placement and seek the resumption of trading in the shares of the Company on the CSE.

The Company notes that due to weak natural gas prices the Reservoir Engineer found that some of the Company's wells were unproductive. Therefore, the Auditor wrote down the assets by $11,000,000.00 +. The Company and the Reservoir Engineer are of the belief that as Natural Gas Futures are increasing dramatically starting in November 2025, this year end the Company will be able to write up the value of the assets again.

On behalf of the Board of Directors,

Donald Benson CEO and Director Tel.:204-955-5042