Avila Energy Corporation (the "Corporation") has announced 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 (1) Unit at the Subscription Price (the “Basic Subscription Privilege”). Each Unit consists of one (1) Common Share and one (1) Common Share purchase warrant in the capital of the Corporation (a “Warrant”). Each Warrant entitles the holder to acquire one (1) additional Common Share at an exercise price of (i) $0.05 per Common Share for the period of one hundred twenty (120) days following the date of issuance of the Warrant (the “Initial Period”); and (ii) $0.10 per Common Share following the end of the Initial Period, until the expiration of the period of five (5) years following the date of issuance of the Warrant. The Rights and the Warrants are expected to be listed on the Canadian Securities Exchange (the “CSE”). Holders will need to exercise one (1) Right and pay the Subscription Price to acquire one (1) Unit. No fractional Units will be issued.

The rights will begin trading on  April 22, 2026 under the symbol VIK.RT. The rights will expire at 4:00 p.m. (Pacific Time) on May 22, 2026.

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