CALGARY--(CCNMatthews - Sept. 12) -

(Revised Payment Date)

NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") will pay a distribution of $0.16 per unit on October 17, 2005, to Unitholders of record on September 22. The units will begin trading ex-distribution on September 20. Please note the payment date has been revised from October 15, 2005.

Trailing cash distributions for the past 12 months total $1.92 per unit, representing a 11.9% cash-on-cash yield based on the September 9, 2005 closing price of $16.15.

NAL Oil & Gas Trust is an open-end investment trust founded in May 1996 that generates distributions through the acquisition, development, production and marketing of oil, natural gas and natural gas liquids. The Trust owns high quality assets in Alberta, Saskatchewan and Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".

Contact Information:

NAL Oil & Gas Trust
Investor Relations
(403) 294-3600 or Toll Free: 888-223-8792
Fax: (403) 294-3699
Email: Investor.Relations@nal.ca
Website: www.nal.ca