Vermilion EnergyEnters Farm-in Agreement in Germany With Mobil Erdgas-Erdӧl GmbH

Vermilion Energy Inc.

is pleased to announce that we have entered into a farm-in agreement with Mobil Erdgas-Erdӧl GmbH ("MEEG") and BEB Erdgas und Erdӧl GmbH & Co.KG ('BEB"). MEEG is 100% held by ExxonMobil

and BEB is jointly held by ExxonMobil and Royal Dutch Shell.  ExxonMobil Production Deutschland GmbH ('EMPG") currently operates and manages both MEEG's and BEB's interests in the exploration licenses involved in the Farm-in. The Agreement, signed July 27th, 2015 and with an anticipated closing date of January 1, 2016, remains subject to customary conditions and regulatory approvals. The Farm-in will provide Vermilion participating interest in 19 onshore exploration licenses in northwest Germany, comprising approximately 850,000 net acres of oil and gas rights (100% undeveloped) (the "Assets"). Under the terms of the Agreement, Vermilion will acquire the Assets (which represent 50% of MEEG's and BEB's current interests in these licenses) in exchange for committing to the financial carry of the remaining 50% of MEEG's and BEB's interests in 11 gross (6 net) exploratory wells over the next five years.  At present, approximately 75 exploratory and semi-exploratory leads