CALGARY, ALBERTA--(Marketwired - April 21, 2017) - Vital Energy Inc. ("Vital") (TSX
VENTURE:VUX) announced today, further to its news releases dated March 31, 2017 and April 21, 2017, further details on
the 4 leases acquired at the Saskatchewan Crown land sale in the Pennant Area project lands. Pursuant to its agreement with
the Third Party, namely Cerus Energy Group, the amount of the first cash advance to Vital was $360,000. The lease
acquisitions totaled 5,220 acres more than doubling Vital's current Pennant Area project lands and bringing the total 100% owned
Pennant Area project lands to approximately 8,580 contiguous acres.
Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSX-V) whose primary focus is developing
light and medium crude oil production in Western Canada.
Cautionary Statement
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. No stock exchange, securities commission
or other regulatory authority has approved nor disapproved the information contained herein.
Forward Looking Statements
This news release contains forward-looking statements relating to the future operations of Vital Energy Inc. and other
statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding future plans and objectives of Vital Energy Inc., are forward
looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from Vital's expectations are exploration risks detailed from time to time in the
filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vital. As a result, we cannot
guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove
to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release
are made as of the date of this news release, and Vital does not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly
required by Canadian securities law.