Vermilion Energy Inc. Announces $250 Million Equity Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX:VET) today announced
that it has entered into an agreement to sell, on a bought deal basis, to a
syndicate of underwriters 5,105,000 common shares at $49.00 per common share to
raise gross proceeds of $250 million (the "Offering"). Vermilion has also
granted the underwriters an over-allotment option to purchase, on the same
terms, up to an additional 510,500 common shares. This option is exercisable in
whole or in part, by the underwriters at any time up to 30 days after closing.
The maximum gross proceeds raised under this offering will be approximately $275
million should this option be exercised in full.


The net proceeds of this Offering will be initially used to reduce outstanding
indebtedness under the Company's credit facilities and thereafter to partially
fund the Company's development capital program, prospective acquisitions and for
general purposes. The completion of the offering is subject to Vermilion
receiving all necessary regulatory approvals. 


BMO Capital Markets and CIBC, acting as joint bookrunners will lead a group of
underwriters including Scotia Capital Inc., TD Securities Inc., National Bank
Financial Inc., RBC Capital Markets, Macquarie Capital Markets Canada Ltd.,
FirstEnergy Capital Corp., Desjardins Securities Inc., Peters & Co. Limited and
Raymond James Ltd. in connection with this Offering. Closing of this Offering is
expected to occur on or about November 28, 2011. 


Vermilion Energy Inc. is an oil-leveraged producer that adheres to a value
creation strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and optimization
of producing properties in Western Canada, Western Europe and Australia.
Vermilion is targeting growth in production through the exploitation of
conventional resource plays in western Canada, including Cardium light oil and
liquids rich natural gas, the exploration and development of high impact natural
gas opportunities in the Netherlands and through drilling and workover programs
in France and Australia. Vermilion also expects to realize a material increase
in both production and fund flows at the onset of production from the Corrib gas
field in Ireland. This growth, combined with an attractive yield, is expected to
generate strong positive returns for investors. Vermilion Energy Inc. trades on
the Toronto Stock Exchange under the symbol "VET" and over-the-counter in the
United States under the symbol "VEMTF".


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements. This news release does not constitute an offer to sell or the
solicitation of any offer to buy nor will there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.


FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws including with
respect to the timing and completion of the offering and the use of proceeds
therefrom. The use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended to identify
forward-looking statements or information. Although Vermilion believes that the
expectations and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the
forward-looking statements and information because Vermilion can give no
assurance that they will prove to be correct. Factors that could cause actual
results to differ materially from those set forth in the forward-looking
statements include general economic, business and market conditions, industry
conditions, stock market and commodity price volatility and difficulty in
obtaining required regulatory approvals. Except as required by applicable
securities law, Vermilion undertakes no obligation to publicly update or revise
any forward-looking statements or forward-looking information.