Vital Energy Announces New CFO

Vital Energy Inc. (TSXV: VUX) (the "Corporation") is pleased to announce that Mr. Zhen Jiang has been appointed as the Chief Financial Officer of the Corporation effective as of June 1, 2024. Zhen brings a wealth of experience and expertise to the role. Robert Gillies, the Corporation's former Chief Financial Officer, will retire from his position effective as of May 31, 2024. The Corporation would like to thank Mr. Gillies for his exceptional dedication and service to the Corporation and wishes him well in his well-earned retirement.

Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSXV) whose primary focus is light and medium crude oil production in Western Canada.
Website: www.vitalenergyoil.com

For further information please contact
Yingchuan Wu, President
Tel: (403) 988-8286
Fax: (403) 699-9660
Or visit our website at:
www.vitalenergyoil.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211267

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Vital Energy Announces 2023 Filing of Financials and Reserves Evaluation and Results of the Pembina Drilling Program

Vital Energy Inc. (TSXV: VUX) (the "Corporation") announces that the Corporations's 2023 Annual Financial Statements, Management's Discussion and Analysis and Forms 51-101 regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR (www.sedarplus.ca) and are also available on the Corporation's website (www.vitalenergyoil.com).

On October 25, 2023, the Corporation commenced drilling six (6) horizontal wells in the Cardium reservoir at pad 1-29-50-10W5 in the Pembina area of Alberta. The drilling, completion and production systems are now complete and initial production has tested the wells above 100bbls/d of light oil and up to 300bbls/d of light oil. The well production for the fifty (50) days since the six wells came on production has averaged 503 bbls/d of light oil for the six wells or 84 bbls/d of light oil per well.

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