CALGARY--(CCNMatthews - Dec. 12) - NAL Oil & Gas Trust (the "Trust") (TSX:NAE.UN) will pay a distribution of $0.16 per unit on January 15, 2007, to Unitholders of record on December 22. The units will begin trading ex-distribution on December 20.

Trailing cash distributions for the past 12 months total $2.22 per unit, representing a 16.8% cash-on-cash yield based on the December 11, 2006 closing unit price of $13.17.

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:

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