CALGARY--(CCNMatthews - Feb. 14) - NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust" or "NAL") today announced that, of the $2.01 per Trust unit in cash distributions declared to Unitholders in 2005 and to be included in the 2005 "T3 Supplementary" slips ("T3"), 100 percent is deemed "other income" (taxable) and no portion of the 2005 distributions is considered "return of capital".

The following information is provided to assist individual Canadian Unitholders of NAL Oil & Gas Trust in the preparation of their 2005 Income Tax Return and is not to be considered tax advice to any particular individual but rather, general information.

Trust Units held within an RRSP, RRIF or DPSP

Unitholders who hold their Trust Units in an RRSP, RRIF or DPSP do not need to report any amounts for tax purposes.

Trust Units held outside of an RRSP, RRIF or DPSP

Canadian beneficial Unitholders who received distributions in 2005 outside of an RRSP, RRIF or DPSP will receive a T3 from their broker. Canadian registered Unitholders who hold their units outside of a registered plan will receive a T3 from Computershare Trust Company of Canada. These Unitholders must report the taxable portion (100%) of 2005 distributions received as "other income" in Box 26 of their T3.

The deadline for mailing all T3 Supplementary Information slips to Unitholders as required by Canada Customs and Revenue is March 31, 2006.

For additional details on monthly distributions paid in years prior to 2005, please visit our Website at www.nal.ca.

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

Contact Information:

NAL Oil & Gas Trust
Gordon Currie
Manager, Investor Relations
(403) 294-3620 or Toll Free: (888) 223-8792
Fax: (403) 515-3407
Email: Investor.Relations@nal.ca
Website: www.nal.ca