Petro Vista Energy Corp.

Petro Vista Energy Corp.

December 17, 2009 14:43 ET

Petro Vista to Complete C$1,000,000 Loan

SAN CLEMENTE, CALIFORNIA--(Marketwire – Dec. 17, 2009) - Petro Vista Energy Corp. (TSX VENTURE:PTV) ("Petro Vista" or the "Company"), an independent oil and gas exploration and production company, announces that the Company has entered into loan agreements to borrow up to C$1,000,000.

The loans have a maturity date of April 30, 2010 and include interest at a rate of 12% per annum, payable on maturity. As consideration for advancing the loans, the Company has agreed, subject to the acceptance of the TSX Venture Exchange, to issue bonus shares to the lenders at a rate of one common share of the Company for each C$1.00 of loan advanced, for a total of 1,000,000 common shares.

The loans will be used by the Company to immediately pay the costs associated with the 2009 work program on its SSJN-5 oil and gas exploration block in the Magdalena Basin, Colombia.

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 acres gross (59,000 net) leasehold acres in Colombia and Brazil. The Company's website at provides additional information about the Company's plans, including photographs and other information with respect to its operations and asset.


Read B. Taylor, President and CEO

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

The TSX Venture Exchange nor its Regulation Services Provider does not accept responsibility for the adequacy or accuracy of this release.

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