Petro Vista Energy Corp.
TSX VENTURE : PTV

Petro Vista Energy Corp.

March 26, 2010 15:07 ET

Petro Vista Announces Decision Not to Pursue Morichito Farmout to Petroamerica

BOGOTA, COLOMBIA--(Marketwire - March 26, 2010) - Petro Vista Energy Corp. ("Petro Vista" or the "Company") (TSX VENTURE:PTV), a Canadian independent oil and gas exploration company announces, through mutual agreement with Petroamerica Oil Corp., the decision not to pursue the farmout of a 25% participating interest in the Morichito Block. As a result, Petro Vista will retain a 50% participating interest and operatorship of this Block.

About Petro Vista Energy

Headquartered in San Clemente, California, USA, Petro Vista Energy Corp. is an independent exploration company engaged in the acquisition, exploration and development of oil and natural gas properties located in South America. The Company has exploration, development and production rights to over 169,000 gross (59,000 net) leasehold acres in Colombia and Brazil. The Company's website at www.pvecorp.com provides additional information about the Company's plans, including photographs and other information with respect to its operations and asset.

ON BEHALF OF PETRO VISTA ENERGY CORP.

"Read Taylor"

Read Taylor, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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