CALGARY, ALBERTA--(CCNMatthews - March 12) - NAL Oil & Gas Trust (the
"Trust") (TSX:NAE.UN) will pay a distribution of $0.16 per unit on
April 16, 2007, to Unitholders of record on March 22. The units will
begin trading ex-distribution on March 20.

Trailing cash distributions for the past 12 months total $2.13 per
unit, representing an 18.2% cash-on-cash yield based on the March 9,
2007 closing unit price of $11.73.

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: 1-888-223-8792
Fax: (403) 515-3407
Email: investor.relations@nal.ca
Website: www.nal.ca