Mr. Robert Michaleski reports

VERMILION ENERGY INC. REPORTS VOTING RESULTS OF ANNUAL GENERAL MEETING

Vermilion Energy Inc. has released the voting results from its annual meeting of shareholders held on May 3, 2023. A total of 68,926,615 common shares representing 42.52 per cent of Vermilion's issued and outstanding common shares were voted in connection with the meeting.

The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in respect of each matter, is set out herein.

1. Ordinary resolution to approve fixing the number of directors of Vermilion to be elected at the meeting at 10

    VOTING RESULTS FOR NUMBER OF DIRECTORS

      Votes for                Votes against     

Number     Per cent (%)     Number   Per cent (%)

54,860,679      95.37%   2,666,094         4.63%   

2. Ordinary resolution to approve the election of 10 nominees to serve as directors of Vermilion for the ensuing year, or until their successors are duly elected or appointed, as described in the information circular

                VOTING RESULTS FOR ELECTION OF DIRECTORS

Name of nominee                Votes for                Votes withheld     

                            Number   Per cent (%)     Number   Per cent (%)

Robert B. Michaleski    53,988,354        93.85%   3,538,418         6.15%
Dion Hatcher            54,543,485        94.81%   2,983,287         5.19%
James J. Kleckner Jr.   54,346,270        94.47%   3,180,502         5.53%
Carin S. Knickel        53,988,448        93.85%   3,538,324         6.15%
Stephen P. Larke        53,633,997        93.23%   3,892,775         6.77%
Timothy R. Marchant     54,249,897        94.30%   3,276,875         5.70%
William B. Roby         54,524,013        94.78%   3,002,759         5.22%
Manjit K. Sharma        52,496,582        91.26%   5,030,191         8.74%
Myron M. Stadnyk        54,390,097        94.55%   3,136,675         5.45%
Judy A. Steele          53,814,583        93.55%   3,712,189         6.45%

3. Ordinary resolution to approve the appointment of Deloitte LLP, chartered accountants, as auditor of Vermilion for the ensuing year

          VOTING RESULTS FOR AUDITOR

      Votes for                Votes against     

Number     Per cent (%)     Number   Per cent (%)

61,788,075      89.69%   7,100,400        10.31%  

4. Ordinary resolution to accept on an advisory basis the approach to executive compensation, as disclosed in the information circular

        VOTING RESULTS FOR APPROACH
               TO SAY ON PAY

     Votes for                  Votes against     

Number      Per cent (%)     Number   Per cent (%)

53,638,322       93.25%   3,881,806         6.75%   

About Vermilion Energy Inc.

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion's operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.

Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important to it than the safety of the public and those who work with it, and the protection of its natural surroundings. It has been recognized by leading environmental, social and governance rating agencies for its transparency on and management of key environmental, social and governance issues. In addition, it emphasizes strategic community investment in each of its operating areas.

Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.