Vermilion Energy Trust Announces $0.19 Cash Distribution for November 14, 2008 Payment Date and Exchangeable Share Ratio Increase

    CALGARY, Oct. 15 /CNW/ - Vermilion Energy Trust (VET.UN - TSX) is pleased
to announce the cash distribution of $0.19 per trust unit payable on November
14, 2008 to all unitholders of record on October 31, 2008. The ex-distribution
date for this payment is October 29, 2008. Vermilion has paid cumulative
distributions per unit totalling $11.76 since inception as a Trust in January

    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 1.62732 to 1.63829. Details used in the
calculation of the Exchange ratio can be found on our website at or by contacting
Vermilion's Investor Relations Department at (403) 269-4884.
    The increase will be effective on October 15, 2008. A "Notice of
Retraction" must be received by Computershare by October 22, 2008 to receive
this exchange ratio. All notices received after this date will receive the
exchange ratio to be determined on November 14, 2008. 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          %CIK: 0001293135

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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