File: Attachment News Release announcing MCTO (June 2021).DOCX.pdf

NEWS RELEASE

For immediate release: AVILA ENERGY CORPORATION ANNOUNCES CORPORATE UPDATE Calgary, Alberta July 10, 2026 - Avila Energy Corporation ("Avila" or the "Company"), trading symbol (CSE: VIK, OTCM: PTRVF and FRA: 6HG0). Donald Benson, President of Avila Energy Corporation, the "Company" is pleased to announce that the statement of claim recently reported regarding a dispute with its secured creditor has been discontinued. The Company is currently working with the lawyer for the secured creditor in anticipation of having a final agreement concluded. The Company is pleased to announce that it has placed on production one of its oil wells. This well had been shut in for a couple of years and its return to service comes at a great time as oil prices we believe are set to rise. In addition some natural gas production from the West Central area has resumed and third party natural gas processing began last week. Natural gas production from our East Central area is expected to return to production later this summer. This news release contains statements that constitute "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. All statements herein, other than statements of historical fact, are forward-looking information.

For further information, please contact

Donald Benson, CEO 204-955-5042 email: donaldbensonsr39@gmail.com

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