CALGARY--(CCNMatthews - May 9) - NAL Oil & Gas Trust (the "Trust") (TSX: NAE.UN) will pay a distribution of $0.16 per unit on June 15, 2007, to Unitholders of record on May 22. The units will begin trading ex-distribution on May 17.

Trailing cash distributions for the past 12 months total $2.07 per unit, representing a 15.9% cash-on-cash yield based on the May 8, 2007 closing unit price of $13.04.

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:

Gordon 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