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NEWS RELEASE

For immediate release:

AVILA ENERGY CORPORATION ANNOUNCES THE SUCCESSFUL COMPLETION OF THE RIGHTS OFFERING May 26,, 2026, Calgary, Alberta -Avila Energy Corporation, trading symbol (CSE: VIK, OTCM: PTRVF and FRA: 6HGO) (the "Company") anliounces that its previously announced Rights Offering which ended on May 22, 2026 was over subscribed. The over allotment subscriptions are curl.ently being calculated and the formal detailed announcement will follow, Proceeds from the offering will be used for general corporate puxposes aiid to complete the work-over of two

oil wells and complete the work started in the last number of months, to restart sixteen natural gas wells in the Donalda field located south west of Edmonton. On behalf of the Board of Directors,

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

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