Petro Vista Energy Corp.
TSX VENTURE : PTV

Petro Vista Energy Corp.

December 30, 2010 18:00 ET

Petro Vista Announces Change of Management

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2010) - Petro Vista Energy Corp. (TSX VENTURE:PTV) ("Petro Vista" or the "Company") announces, effective December 31, 2010, that Mr. Read Taylor has resigned as the Company's President, Chief Executive Officer and as a director to pursue other opportunities. Mr. Steven Benedetti, the Company's Vice President of Exploration, will replace Mr. Taylor as Acting President and Chief Executive Officer. As a result of this change, the Company's head office will return to its corporate offices in Vancouver, Canada.

The Company would like to take this opportunity to thank Mr. Taylor for his work with the Company and wish him every success in the future.

About Petro Vista Energy Corp.

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 727,031 acres gross (197,697 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 assets.

ON BEHALF OF PETRO VISTA ENERGY CORP.

"Keith Hill"
Chairman

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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