CALGARY--(CCNMatthews - July 11) - NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") will pay a distribution of $0.19 per unit on August 15, 2006, to Unitholders of record on July 21. The units will begin trading ex-distribution on July 19.

Trailing cash distributions for the past 12 months total $2.22 per unit, representing an 11.4% cash-on-cash yield based on the July 10, 2006 closing unit price of $19.43.

NAL Oil & Gas Trust is an open-end investment trust 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
Gord 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