Vermilion Energy Trust Announces $0.17 Cash Distribution for September 14, 2007 Payment Date and Exchangeable Share Ratio Increase

    CALGARY, Aug. 15 /CNW/ - Vermilion Energy Trust (VET.UN-TSX) is pleased
to announce the cash distribution of $0.17 per trust unit payable on
September 14, 2007 to all unitholders of record on August 31, 2007. The
ex-distribution date for this payment is August 29, 2007. This will be the
Trust's 55th 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 1.52047 to 1.52736. The increase will be
effective on August 15, 2007. A "Notice of Retraction" must be received by
Computershare by August 22, 2007 to receive this exchange ratio. All notices
received after this date will receive the exchange ratio to be determined on
September 14, 2007.

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

    Record Date of Vermilion Energy Trust Distribution July 31, 2007
    Opening Exchange Ratio 1.52047

    Vermilion Energy Trust Distribution per Unit $0.17

    10-day Weighted Average Trading Price ("Current Market Price") $37.50531
    (Including the Last Business Day Prior to the Distribution Payment Date)

    Increase in the Exchange Ratio 0.00689
    Effective Date of the Increase in the Exchange Ratio August 15, 2007
    Exchange Ratio as of the Effective Date 1.52736

    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,

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