CALGARY--(CCNMatthews - Jan. 13) - NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") will pay a distribution of $0.19 per unit on February 15, 2006, to Unitholders of record on January 23. The units will begin trading ex-distribution on January 19.

Trailing cash distributions for the past 12 months total $2.04 per unit, representing a 10.95% cash-on-cash yield based on the January 12, 2006 closing price of $18.62.

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
Gord Currie
Manager, Investor Relations
(403) 294-3620 or Toll Free: 1-888-223-8792
Fax: (403) 515-3407
Email: Investor.Relations@nal.ca
Website: www.nal.ca