CALGARY--(CCNMatthews - Feb. 21) - NAL Oil & Gas Trust (the "Trust" or "NAL") will release its 2006 year end and fourth quarter results at 6:30 a.m. MST (8:30 a.m. EST) on Friday, March 2, 2007 and will hold a conference call to discuss those results at 8:30 a.m. MST (10:30 a.m. EST). Mr. Andrew Wiswell, President and CEO, will host the conference call along with other members of the Management Team. The call is open to analysts, investors and all interested parties. If you wish to participate, call 403-398-9531 within the Calgary area or 1-800-733-7571, toll-free across North America. The conference will also be accessible by webcast at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1725680.

A recorded playback of the call will be available until March 9, 2007 by dialing 416-640-1917 or 1-877-289-8525, reservation 21218454 followed by the number sign.

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