Petro Vista Energy Corp. - 2011-04-05

Closed the balance of a C$4 million non-brokered private placement previously announced on March 9, 2011 and March 16, 2011. This second tranche of the placement consisted of the sale of 8.25 million units at a price of C$0.20 per unit for gross proceeds of C$1.65 million.

The proceeds will be used primarily to fund the drilling of the company's M5B exploration/appraisal well and the testing of its M5 discovery well, both located in the Llanos Basin, Columbia and for general working capital.