Mr. Jeff Standen of Vital Energy reports

VITAL ENERGY INC. PENNANT PROJECT, S.W. SASKATCHEWAN - PROJECT UPDATE

Vital Energy Inc.'s financing for the drilling and completion costs for the first well in the previously announced phase 1 earning-well drilling program has been advanced by Cerus Energy Corp.

Drilling of the first well (UWI: 91/14-15-018-17W3M) is expected to commence on or before Nov. 14, 2017. The primary target is medium gravity (21 degrees) oil from the Upper Shaunovan formation. Vital will be the operator of the phase 1 earning-well drilling program.

Vital Energy is a publicly traded junior oil and gas company with a primary focus on developing light- and medium-crude-oil production in Western Canada.

We seek Safe Harbor.