CSE bulletin 2026-0416

Avila Energy Corp. is undertaking a rights offering to eligible shareholders of record at the close of market on April 22, 2026. Each whole right entitles you to purchase one unit at the subscription price. Each unit consists of one common share and one common share purchase warrant in the capital of the corporation. Each warrant entitles the holder to acquire one additional common share at an exercise price of: (i) five cents per common share for the period of 120 days following the date of issuance of the warrant; and (ii) 10 cents per common share following the end of the initial period, until the expiration of the period of five years following the date of issuance of the warrant. Holders will need to exercise one right and pay the subscription rrice to acquire one unit. No fractional units will be issued.

The rights will begin trading on April 23, 2026, under the symbol VIK.RT. The rights will expire at 4 p.m. Pacific Time on May 22, 2026.

Trading in the rights will be halted at noon on May 22, 2026.

Issuer:  Avila Energy

Security:  May 22, 2026, rights

Symbol:  VIK.RT

Record date:  April 22, 2026

Trading date:  April 23, 2026

Cusip No.:  053698 13 0

ISIN:  CA 053698 13 0 5

Expiry date:  May 22, 2026