Avila Energy Corporation Is Pleased To Announce Its $0.06 per Share Earnings As Stated in Its Financial Report for the Three and Nine Months Ended September 30, 2022 and Provides a Corporate Update - Seite 3

LONG TERM BUSINESS PLAN:

Further additional complementary revenues are to be derived from the development of Company's Vertically Integrated Energy Business (downstream) as announced on November 14, 2022, which are anticipated to commence in 2024.

Avila Energy's teams continue to focus on the execution of its long-term corporate plan.

"The successful execution on the sustainable development of Avila's vertically integrated business is part of its plan of becoming a material part of the sustainable energy transition with an established and growing pipeline of business in place. This in will to provide shareholders the assurance that Avila has an established, diversified and a socially responsible path forward in place and is on its way to becoming a long-term producer of Carbon Neutral Energy Producer well beyond 2030". said President & CEO Leonard B. Van Betuw.

"The efforts to date continue to advance (as anticipated) with the closing of the current acquisition and the further consolidation of its businesses as per the NI 51-101 compliant Evaluation completed by the Company's QRE, Deloitte LLP, on August 18, 2022." said President & CEO Leonard B. Van Betuw.

CORPORATE UPDATE:

The Company is pleased to announce the appointment of Ms. Jennifer Ottosen as Chief Financial Officer (CFO) effective November 7, 2022, of Avila Energy Corporation.

"The Directors of the Company are pleased with the addition of Ms. Jennifer Ottosen a CPA as our CFO, in her in new capacity after initially taking the position of controller for the last 12 months. As CFO, she brings with her an extensive background, in Rental Equipment, Engineering and Construction." said Leonard B. Van Betuw, President & CEO, "All important attributes which reflect on the Company's future and will become important based on where the Company and the world is going in the next 10 to potentially more than 25 years."

Ms. Jennifer Ottosen CPA

Ms. Ottosen as Controller (initially as a consultant for the Company in 2020) brings to Avila over 10 years of experience in Financial Reporting and Analysis, Cost and Project Accounting, Performance Management, Variance Analysis, Internal Controls, Asset Management, Tax Filings, Budgetsand Forecasting in the engineering, safety compliance and construction industries.

Over the course of her career, Ms. Ottosen has advised as a consultant and held various roles in accounting, focused on billing, projectmanagement and financialreporting, working for Enbridge Inc., Finning Canada,The Inspections Group Inc., SEKO Construction, Ledcor Fabrication and Stantec Engineering.