Vermilion Energy Trust Announces $0.17 Cash Distribution for April 13, 2007 Payment Date and Exchangeable Share Ratio Increase



    CALGARY, March 15 /CNW/ - Vermilion Energy Trust (VET.UN-TSX) is pleased
to announce the cash distribution of $0.17 per trust unit payable on April 13,
2007 to all unitholders of record on March 30, 2007. The ex-distribution date
for this payment is March 28, 2007. This will be the Trust's 50th consecutive
distribution payment of $0.17 since Vermilion was formed as a Trust in January
2003.

    Exchangeable Share Ratio Information
    ------------------------------------

    Upon conversion to a Trust in January 2003, some holders of shares in the
predecessor company, Vermilion Resources Ltd., opted to hold exchangeable
shares in place of Vermilion Energy Trust units. The following information
applies only to those exchangeable shareholders and does not affect Vermilion
Energy Trust unitholders.
    The increase to the Exchange Ratio of the Exchangeable Shares of
Vermilion Resources Ltd. will be from 1.48281 to 1.49084. The increase will be
effective on March 15, 2007. A "Notice of Retraction" must be received by
Computershare by March 21, 2007 to receive this exchange ratio. All notices
received after this date will receive the exchange ratio to be determined on
April 13, 2007.

    
    The following are the details used in the calculation of the Exchange
ratio:

    Record Date of Vermilion Energy Trust Distribution   February 28, 2007
    Opening Exchange Ratio                               1.48281

    Vermilion Energy Trust Distribution per Unit         $0.17

    10-day Weighted Average Trading Price                $31.40430
     ("Current Market Price")
     (Including the Last Business Day Prior to the Distribution Payment Date)

    Increase in the Exchange Ratio                       0.00803
    Effective Date of the Increase
     in the Exchange Ratio                               March 15, 2007
    Exchange Ratio as of the Effective Date              1.49084
    

    The increase in the exchange ratio is calculated by multiplying the
Vermilion Energy Trust Distribution per Unit by the previous month's exchange
ratio and dividing by the Current Market Price of VET.UN. A holder of
Vermilion Resources Ltd. Exchangeable Shares can exchange all or a portion of
their holdings at any time for Vermilion Trust Units by completing a
Retraction Request form. You can obtain a copy by contacting Computershare
Trust Company of Canada at (403) 267-6894.

    %SEDAR: 00018945E




For further information:

For further information: Paul Beique, Director Investor Relations, 2800,
400 - 4th Avenue S.W., Calgary, Alberta T2P 0J4, Phone: (403) 269-4884, Fax:
(403) 264-6306, IR Toll Free:  1-866-895-8101, www.vermilionenergy.com

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VERMILION ENERGY TRUST

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