CALGARY, AB, July 9, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB") through the facilities of the TSX, New York Stock Exchange and other alternative trading platforms in Canada and the United States.

The NCIB allows Vermilion to purchase up to 15,259,187 common shares, representing approximately 10% of its public float as at June 30, 2025, over a twelve-month period commencing on July 12, 2025. The NCIB will expire no later than July 11, 2026. The total number of common shares Vermilion is permitted to purchase on the TSX is subject to a daily purchase limit of 205,865 common shares, representing 25% of the average daily trading volume of 823,460 common shares on the TSX calculated for the six-month period ended June 30, 2025; however, Vermilion may make one block purchase per calendar week which exceeds the daily repurchase restrictions. As of the close of business on June 30, 2025, Vermilion had 154,018,623 common shares issued and outstanding and a public float of 152,591,872 common shares. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Vermilion.