AI Ventures boosts FD holdings of Avila to 17.57%

Mr. David Berg reports EARLY WARNING REPORT On May 29, 2026, AI Artificial Intelligence Ventures Inc. acquired ownership of 10,651,000 common shares and 10,651,000 warrants exercisable at five cents until Sept. 19, 2026, and thereafter at 10 cents until May 22, 2031, in the capital of Avila Energy Corp., the common shares of which are traded on the Canadian Securities Exchange under symbol VIK. Prior to the acquisition, the company owned, or had control or direction over, 1,525,500 common shares and nil warrants of the issuer. After the acquisition, the company owns or has control or direction over 11,401,000 common shares and 10,651,000 warrants, representing approximately 9.93 per cent of the issued and outstanding common shares in the capital of the issuer on an undiluted basis, and 17.57 per cent based on the exercise of the warrants. The purchased shares and the purchased warrants were acquired pursuant to exercise of rights for an aggregate value of $79,882.50 based on a price of 0.75 cent per unit of the issuer, each unit of which comprised one common share and one warrant. The company acquired the shares for investment purposes. The company may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the issuer. This press release is being issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting issues, which requires a report to be filed under the issuer's profile on SEDAR+ containing additional information respecting the foregoing matters. To obtain a copy of the early warning report filed by AI, please contact David Berg, chief executive officer and director at [email protected] or refer to issuer's SEDAR+ profile. We seek Safe Harbor.