An anonymous director reports

VERMILION ENERGY INC. PROVIDES UPDATE ON THE PRODUCTION IMPACT FROM ALBERTA WILDFIRES

Vermilion Energy Inc. has restored approximately 60 per cent of the 30,000 barrels of oil equivalent per day of production that was temporarily shut in as a result of the wildfires in west-central Alberta. The company has inspected all of its key assets and confirms that there was no major damage to Vermilion's facilities or well sites, and Vermilion will bring the remaining curtailed production back on line as soon as it is safe to do so.

As a result of this production being temporarily offline, Vermilion now expects Q2 2023 production to average 80,000 to 83,000 barrels of oil equivalent per day. Vermilion's 2023 annual production guidance of 82,000 to 86,000 barrels of oil equivalent per day remains unchanged.

Vermilion would like to again thank its staff and emergency responders for their tireless work in response to the wildfires. The company's thoughts continue to be with its employees, their families and its neighbours in the local communities during this difficult time.

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. Vermilion's 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 the company than the safety of the public and those who work with Vermilion and the protection of the company's natural surroundings. Vermilion has been recognized by leading ESG (environmental, social and governance) rating agencies for the company's transparency on and management of key environmental, social and governance issues. In addition, the company 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.