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NAL Oil & Gas Trust Announces New Director

Press Release - Oct 27, 2006

CALGARY--(CCNMatthews - Oct. 27) - Mr. Charles Caty, Chairman of the Board, is pleased to announce the addition of Warren A. Thomson of Boston, Massachusetts to the Board of Directors of NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust"). Mr. Thomson will fill the vacancy on the Trust's Board that was created by the resignation of Leo de Bever from Manulife Financial Corporation and the Board of the Trust effective September 29, 2006.

Mr. Thomson is Executive Vice President, MFC Global Investment Management and Executive Vice President and Chief Investment Officer of John Hancock. He is responsible for managing the growth of MFC Global's asset management business in North America and abroad. He oversees the North American Equity, Infrastructure Investment and Real Estate Division of MFC Global Investment Management and the operation of a number of MFC Global Investment subsidiaries, including MFC Global Investments (US), Declaration Management & Research, Hancock Timber Resource Group, Hancock Agricultural Investment Group, and NAL Resources. He also has accountability for credit in John Hancock's US Fixed Income portfolios.

Mr. Caty said "It is with great pleasure that we welcome Warren Thomson back to the Board of Directors. Mr. Thomson sat on NAL's Board from December 2001 through May 2004. He is a welcome addition and we look forward to the benefit of his experience and prior knowledge of the Trust."

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