Vermilion Energy Trust - Wandoo Acquisition

    CALGARY, June 20 /CNW/ - Vermilion Energy Trust ("Vermilion") and it's
wholly owned subsidiary, Vermilion Oil & Gas Australia Pty Ltd. ("Vermilion
Australia"), announced today, as a follow-up to its recent press release with
respect to the offshore Wandoo field, that the acquisition of an additional
40% interest in the field has now been completed.
    Vermilion Australia now holds a 100% operated interest in the field. The
acquisition has an effective date of January 1, 2007 and has received all
regulatory approvals.
    The cost to close the transaction was US$108 million (CDN$116 million),
after normal closing adjustments and was financed using existing credit

    Vermilion Energy Trust focuses on the acquisition, development and
optimization of mature producing properties in Western Canada, Western Europe
and Australia. Vermilion achieves value creation through the execution of
asset optimization programs and strategic acquisitions. Vermilion also exposes
its unitholders to significant upside opportunities while limiting capital
risk. Management and directors of the Trust hold approximately 9% of the
outstanding units and are dedicated to consistently delivering superior
rewards for all its stakeholders. Vermilion Energy Trust trades on the Toronto
Stock Exchange under the symbol VET.UN.

    This press release contains forward-looking financial and operational
information including debt levels, production and capital expenditure
projections. These projections are based on the Trust's expectations and are
subject to a number of risks and uncertainties that could materially affect
the results. These risks include, but are not limited to, future commodity
prices, exchange rates, interest rates, geological risk, reserves risk,
political risk, product demand and transportation restrictions.

    %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,

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