CALGARY, ALBERTA--(Marketwire - March 31, 2008) - NAL Oil & Gas Trust (TSX:NAE.UN) ("NAL" or the "Trust") today filed with Canadian securities authorities its Annual Information Form ("AIF") for the year ended December 31, 2007 on the System for Electronic Document Analysis and Retrieval ("SEDAR"). The AIF contains the annual disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (Forms 51-101F1, F2 and F3).

NAL also filed its audited consolidated annual financial statements for the year ended December 31, 2007 and related Management's Discussion and Analysis. Copies of these filed documents may be obtained at www.sedar.com, the Trust's website at www.nal.ca, or by sending an email request to investor.relations@nal.ca.

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, British Columbia and Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".

Contact Information:

NAL Oil & Gas Trust
Investor Relations
Toll Free: 1-888-223-8792
Email: Investor.Relations@nal.ca
Website: www.nal.ca