Petro Vista Provides Corporate Update

Petro Vista Energy Corp. ("Petro Vista" or the "Company") (TSX VENTURE:PTV), an
independent oil and gas exploration and production company provides the
following update:


Operations - Brazil

The ongoing workover program to install downhole pumps on the two existing wells
in the Tartaruga Field in Brazil by the Operator is still underway and, despite
some significant operational challenges, is expected to be completed before the
end of August. During the pulling of the completion on one of the wells, the
tubing parted and an extensive fishing and milling operation had to be
undertaken. This operation is nearing completion and preparations are underway
to install the new pump in this well. Once this is completed, another pump will
be installed in the second well.


Corporate Loan

The Company would also like to announce that it has negotiated a loan agreement
with Keith Hill (the "Lender"), the Chairman and a director of the Company.


The unsecured loan in the principal amount of $500,000 (the "Loan") matures and
will be repayable on December 31, 2012 and accrues simple interest at a rate of
8% per annum.


The Lender is a related party and the loan transaction is a related party
transaction. However, the directors of the Company, all of whom are independent
in the respect of the Loan, have determined that the terms and conditions of the
Loan are fair and reasonable and in the best interests of the Company, and have
unanimously approved the Loan. In addition, the directors of the Company have
determined that the Loan is exempted from the formal valuation and minority
shareholder approval requirements.


The Company will use the proceeds of the Loan to fund a portion of the ongoing
work over of the Tartaruga wells and for general working capital purposes.


About Petro Vista Energy

Petro Vista Energy Corp. is an oil and gas exploration and development company
with near-term production opportunities in South America. The Company has the
rights to acquire an interest in an exploration, development and production
property in Brazil.


ON BEHALF OF PETRO VISTA ENERGY CORP.

Keith Hill, Chairman of the Board of Directors

This press release includes "forward-looking statements" including expectations
for future operations that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Statements
regarding the Company's plans and expectations for the successful completion of
the workoover of the wells and future development of the Tartaruga Block, future
growth of the Company, development success, 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, completion
and production risks, equipment failure, availability of labor, unexpected
geological or other effects, regulatory changes and availability of capital.
Additionally there are no guarantee that the workover of either of the Tartaruga
wells will be successfully completed or that if successfully completed will
result in an increase or sustainable increase in oil production. 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.