VRO - <span class="simulate_din_font">Vero Energy Inc. Confirms Receipt of Shareholder Approval For Payment of Cash Distribution</span> (CAD 0.15)

Company: Vero Energy Inc.
Stock Name: VRO
Amount: CAD 0.15
Announcement Date: 08/03/2012
Record Date: 16/03/2012

Dividend Detail:

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THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO
ANY UNITED STATES NEWS SERVICES

CALGARY, March 8, 2012 /CNW/ - Vero Energy Inc. (TSX:VRO) ("Vero" or the "Company") announces that at a meeting held on
March��7, 2012, Vero's shareholders approved the payment of the proposed
one-time cash distribution to shareholders of $0.30 per common share
(the "Cash Distribution").�� Accordingly, the Board of Directors of the Corporation has
confirmed the payment of the Cash Distribution to be made on or about
March 27, 2012 to Vero shareholders of record on March 20, 2012.

Subject to the issuance of a publication by the Toronto Stock Exchange,
the common shares of the Corporation will commence trading on an
"ex-distribution" basis at the opening of markets on March 16, 2012.

Reader Advisory

This press release contains forward-looking statements and information
concerning the anticipated timing of the record, payment and
ex-distribution dates in respect of the Cash Distribution.�� Readers
should not place undue reliance on the forward-looking statements and
information contained in this press release.

The forward-looking statements and information contained in this press
release are made as of the date hereof and Vero undertakes no
obligation to update publicly or revise any forward-looking statements
or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.

The common shares of Vero have not and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold in
the United States or to any U.S. person except in certain transactions
exempt from the registration requirements of the U.S. Securities Act
and applicable state securities laws.

For further information:

Doug Bartole
President & Chief Executive Officer
(403) 218-2063

Gerry Gilewicz
Vice-President Finance & Chief Financial Officer
(403) 693-3170

Scott Koyich
Investor Relations
(403) 215-5979

Internet:��www.veroenergy.ca