Petro Vista Increases Private Placement To $1.25M

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Petro Vista Energy Corp. (TSX VENTURE:PTV) ("Petro Vista" or the "Company")
announces its intention to further increase the non-brokered private placement
(previously announced on January 10 and 11, 2012) to up to 25,000,000 units at a
price of C$0.05 per unit for gross proceeds to the Company of up to C$1,250,000
(the "Offering"). 


As previously disclosed, each unit will consist of one common share and one
common share purchase warrant. Each common share purchase warrant will entitle
the holder to purchase one additional common share at a price of C$0.10 per
common share for a period of 3 years from the date of issue, subject to the
Company's right to accelerate the exercise of the warrants if the daily volume
weighted average trading price of the common shares of the Company on the TSX
Venture Exchange is equal to or exceeds $0.20 for a period of 10 consecutive
trading days during the term of the warrant, commencing four months after the
date the warrants are issued.


The proceeds of the Offering will be used by the Company primarily to provide
short term funding for the Company's operations in Brazil and Colombia and for
general working capital.


The Company may pay finders' fees and commissions in connection with the private
placement in cash and/or securities of the Company in accordance with the
policies of the Exchange. 


All securities issued under the Offering will be subject to a four-month hold
period in accordance with applicable Canadian securities laws.


Closing of this Offering is subject to the receipt of all necessary regulatory
approvals including that of the TSX Venture Exchange.


About Petro Vista Energy 

Petro Vista Energy Corp. is an independent 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
721,375 acres gross (196,283 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 of the Board of Directors

This press release includes "forward-looking information" including statements
regarding the Offering that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Statements
regarding future fund raising and capital expenditures are subject to all of the
risks and uncertainties normally incident with the raising of capital including,
but are not limited to, financing risks and risk of regulatory change. Investors
are cautioned that any such statements are not guarantees of future events and
that actual events or developments may differ materially from those projected in
the forward-looking information. Such forward-looking information represents
management's best judgment based on information currently available. The Company
does not assume the obligation to update any forward-looking statement, except
as required by applicable law.