CALGARY--(CCNMatthews - Jan. 4) - NAL Resources Management Limited, Manager of NAL Oil & Gas Trust (the "Trust") (TSX: NAE.UN), announces the recent appointments of senior management staff joining its finance team.

Ross Liland, CA joined NAL in November 2005 on a contract basis in the position of Vice President and Chief Financial Officer to fulfill the role until the recruitment of a permanent CFO is finalized. Mr. Liland has more than thirty years of financial experience, primarily in the oil and gas industry. He was a partner in the Calgary office of a national accounting firm for 13 years. Mr. Liland then moved on to hold Chief Financial Officer positions with Inverness Petroleum Ltd. and other oil and gas companies. He has extensive experience with various forms of securities registrations and all aspects of financial reporting.

Robert McKay, CMA has assumed the role of Controller for the NAL group of companies. Mr. McKay joined NAL as Manager, Operations Accounting in 2002. Prior to joining NAL, he spent over 20 years at ExxonMobil, in various financial and operational roles including Manager, Western Canada Accounting and Manager, Gas Marketing, Crude Supply and Pipeline Accounting. Mr. McKay graduated from Memorial University of Newfoundland with a BComm, attaining his CMA in 1989.

Tracy Wood, CA has joined NAL in December 2005 in the position of Manager, Financial Reporting and Analysis. Ms. Wood most recently held the position of Associate Partner at KPMG and has worked with clients in a broad range of industries. Ms. Wood graduated with a BSc (Hons) Business Studies, from the University of Bradford, England in 1992, attained her CA designation in 1995 and her Canadian CA in 2001.

Gordon Currie, CFA has joined NAL in the position of Manager, Investor Relations. Mr. Currie has worked in the oil and gas sector for many years, most recently holding the role of President, Easton Drilling Fund. Prior to joining Easton, Mr. Currie was Vice President, Canaccord Capital and worked in various Financial and Research Analyst roles with Toronto Dominion Bank, Loewen Ondaatje McCutcheon, RBC Dominion Securities and other investment organizations. Mr. Currie holds a BA from the University of Calgary and an MBA from the University of Western Ontario.

Jessica Wu, CA will join NAL in mid-January 2006 in the position of Manager, Tax Planning and Compliance. Ms. Wu held the position of Senior Manager, Tax at PricewaterhouseCoopers prior to joining NAL, where she provided tax advice and planning, primarily with oil and gas clients. She graduated from the University of Calgary attaining her BComm in 1993 and attained her CA designation in 1994.

President and CEO Andrew Wiswell commented: "One of my key priorities upon joining NAL in June was to strengthen the Finance Department and that has now been accomplished. I am delighted with the quality and expertise of our new financial management team and look forward to working with them to continue to drive sustained performance for our unitholders. On an ongoing basis, my goal is to make NAL an employer of choice in the oil and gas industry and attracting these people clearly supports that goal."

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