Vermilion Energy Inc. - Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Vermilion Shareholders Vote FOR All Proposed Items at the Upcoming Annual General Meeting of Shareholders

CALGARY - Vermilion Energy Inc. ('Vermilion', 'We', 'Our', 'Us' or the 'Company') (TSX: VET) (NYSE: VET) is pleased to announce that leading independent proxy advisory firms, Institutional Shareholder Services Inc. ('ISS') and Glass Lewis & Co. have each recommended Vermilion shareholders vote 'FOR' all the proposed resolutions at the upcoming Annual General Meeting of Shareholders (the 'Meeting') to be held on May 11, 2022 at 3:00 pm MT.

The Board of Directors of Vermilion recommends that Shareholders vote in favour of all the proposed items

At the Meeting, Shareholders will be asked to elect the board of directors, as well as the auditors for the ensuing year, as well as approve the Omnibus Incentive Plan and an advisory resolution to accept the approach to executive compensation.

Independent Third Party Proxy Advisor Recommendations

Two leading independent, third party proxy advisory firms, Institutional Shareholder Services ('ISS') and Glass Lewis & Co. ('Glass Lewis') have both recommended that shareholders vote FOR the all the proposed resolutions. Both ISS and Glass Lewis provide proxy-voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

About Vermilion

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. Our 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 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 us than the safety of the public and those who work with us, and the protection of our natural surroundings. We have been recognized by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues. In addition, we emphasize strategic community investment in each of our operating areas.

Employees and directors hold approximately 5% of our outstanding shares and are committed to delivering long-term value for all stakeholders. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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