Avila Energy Corporation announced the resignation of its CFO, Jennifer Ottosen, CPA, as CFO of the Company. The reason for her resignation is that due to unexpected health (personal) reasons, which she advised will require rest before surgery as well as a substantial recovery period thereafter, all of which would have rendered her incapable of performing her duties at Avila. The Company thanks her for her contribution to the management team and wishes her a speedy return to health.

The Company also announces the interim appointment of Lars Glimhagen (former CFO) as the CFO in the interim while the Company completes a search for a replacement.