Petro Vista Energy Corp.

Petro Vista Energy Corp.

January 27, 2010 14:53 ET

Petro Vista Board Appointment

SAN CLEMENTE, CALIFORNIA--(Marketwire - Jan. 27, 2010) - Petro Vista Energy Corp. ("Petro Vista" or the "Company") (TSX VENTURE:PTV), an independent oil and gas exploration and production company, announces, effective January 26, 2010, the appointment of Mr. Ian Gibbs to its board.

Mr. Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a bachelor of commerce degree. Mr. Gibbs is the current CFO of Africa Oil Corp. and has held a variety of prominent positions within the Lundin Group of Companies including CFO of Tanganyika Oil where he played a pivotal role in the recent US$2 billion acquisition by Sinopec International Petroleum. Mr. Gibbs will chair the Company's audit committee and his experience will be invaluable to the Company's long term financial planning.

Mr. Gibbs replaces Max Pozzoni. The Company wishes to thank Mr. Pozzoni for his contributions to the Company.

The Company also made an amendment to its annual grant of stock options previously announced on January 12, 2010. The annual grant has been reduced from 1,900,000 stock options to 1,675,000 compensation stock options to directors, officers, employees and consultants of the Company. Each option is exercisable to purchase one common share of the Company until January 26, 2015 at a price of C$0.20 per common share in accordance with the Company's stock option plan.

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 3,230,936 gross acres (930,629 net 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 assets.


Read B. Taylor, President and CEO

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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