CALGARY and TORONTO--(CCNMatthews - April 7) - Mr. J. Charles Caty, 
Chairman of the Board of NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") 
and Mr. Leo de Bever, Executive Vice President, Global Investment 
Management, Manulife Financial - the organization of which NAL 
Resources Management Limited ("NAL"), the manager of the Trust, is a 
wholly-owned subsidiary - are pleased to jointly announce the 
appointment of Mr. Andrew Wiswell, MBA, LLB, BA, to the position of 
President and Chief Executive Officer of the Trust and NAL Resources 
Management Limited. Mr. Wiswell will replace Mr. Donald P. Driscoll who 
will retire effective May 31, 2005.

Mr. Wiswell has extensive senior management experience in the oil and 
gas industry, most recently as President & CEO of Parkland 
Industries/Parkland Income Fund, a public retail and wholesale fuels 
company with annual revenues of approximately $700 million and a market 
capitalization of over $250 million. Prior to his role at Parkland, Mr. 
Wiswell was President of ICG Propane Ltd., before which he spent 16 
years at Gulf Canada Resources Limited rising ultimately to the 
position of Senior Vice President, Finance and Chief Financial Officer.

"We are very pleased to have Andy on board. He has an exemplary track 
record in building shareholder value. We are confident that he will 
successfully build on the Trust's solid foundation and take it to the 
next level," said J. Charles Caty. Mr. de Bever stated: "The Trust 
Board and Manulife have worked closely together in conducting an 
extensive search for a replacement for Don. The decision to select 
Andrew Wiswell was unanimous. I look forward to continuing the long and 
positive working relationship that has always existed between NAL, the 
Trust and Manulife."

Mr. Wiswell will join NAL on May 25 and formally assume his new 
position on May 31, the day of Mr. Driscoll's retirement. He will be 
nominated for election to the Trust's Board of Directors at the annual 
meeting.

In a joint statement, Messrs. Caty and de Bever expressed their 
appreciation to Don Driscoll: "Don has done an outstanding job leading 
NAL for the past 15 years including the last nine years as President 
and CEO of the Trust. Under his leadership, NAL Oil & Gas Trust has 
grown from a market cap of $100 million to $1 billion and Unitholders 
have received distributions in excess of $400 million. On behalf of the 
Board and all of NAL's staff, we would like to thank Don for his 
leadership, dedication and outstanding contributions to the 
organization."

NAL Oil & Gas Trust is an open-end investment trust created to make 
investments in high quality oil and natural gas assets. The Trust Units 
trade on the Toronto Stock Exchange under the symbol "NAE.UN".

Contact Information:

NAL Oil & Gas Trust
Donald P. Driscoll
President and CEO NAL
Resources Management Limited and NAL Oil & Gas Trust
(403) 294-3637 or Toll Free: 888-223-8792
Fax: (403) 294-3614
Email: ddriscoll@nal.ca
Website: www.nal.ca

or

Global Investment Management
Leo de Bever
Executive Vice President
Manulife Financial
Telephone: (416) 926-3643
Fax: (416) 926-3441
Email: leo_de_bever@manulife.com
Website: www.manulife.com