Vermilion Energy Inc. Announces Appointment Of New Board Member News

CALGARY, AB, June 1, 2022 / PRNewswire / – Vermilion Energy Inc. (“Vermilion”, “We”, “Ours”, “Us” or “Company”) (TSX: VET) (NYSE: VET) is pleased to announce the appointment of Mr. Myron Stadnik to our board of directors.

Mr. Stadnik has more than 35 years of knowledge in business and industry with extensive experience in senior management, cost management, operational efficiency, management, health, safety and the environment. Most recently, he served as President and CEO of ARC Resources Ltd., where he led the transformation of ARC from a top-level licensing fund Montney the manufacturer demonstrates excellent strategic leadership. Prior to ARC, Mr. Stadnik worked for a major oil and gas company on both domestic and international operations.

He is currently a member of the board of directors of Crescent Point Energy Corp., Prairie Sky Royalty Ltd. and University of Saskatchewan Engineering Trust.

Mr. Stadnik has a bachelor’s degree in mechanical engineering University of Saskatchewan and is a graduate of the Harvard Business School’s advanced training program. He is a member of the Association of Professional Engineers and Geoscientists Alberta and has served as governor of the Canadian Petroleum Association for more than 10 years.

We look forward to welcoming Mr. Stadnik to our Board of Directors and look forward to his diverse skills, perspectives and experiences that contribute to Vermilion’s continued success.

About Vermilion

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of production assets in North America, Europe and Australia. Our business model emphasizes the free generation of cash flows and return on capital to investors, if economically justified, complemented by value-added acquisitions. Vermilion’s activities focus on the exploitation of light oil and liquid-rich natural gas in conventional resources in North America and exploration and development of traditional natural gas and oil capabilities Europe and Australia.

Vermilion’s priorities are health and safety, the environment and profitability in that order. For us, there is nothing more important than the safety of the population and those who work with us, as well as the protection of our natural environment. We have been recognized by ESG’s leading rating agencies for our transparency in key environmental, social and governance issues and their management. In addition, we emphasize the strategic investment of the community in each of our areas of activity.

Employees and directors own approximately 4% of our shares outstanding and strive to provide long-term value to all stakeholders. Vermilion is traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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SOURCE Vermilion Energy Inc.

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