CALGARY, ALBERTA--(Marketwire - Dec. 6, 2010) - NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) today clarified certain terms related to its Plan of Arrangement for restructuring its public ownership into a corporation, as described in the Trust's Information Circular dated November 12, 2010 (the "Circular"). Having considered a request from RiskMetrics Group, ISS Proxy Advisory Services for the Trust to make a clarification regarding its post-restructuring capital structure, the Trust has confirmed that the preferred shares included in the authorized capital structure for NAL Energy Corporation, as defined in the Circular, are not intended to be used to block any takeover bid.

With this clarification, RiskMetrics has confirmed that they will issue an updated alert whereby they will recommend voting FOR the Arrangement Resolution, and FOR the Deferred Share Unit Plan Resolution, as defined in the Circular, at the Trust's unitholder meeting being held on December 16, 2010.

NAL provides investors with a yield-oriented opportunity to participate in the Canadian upstream oil and gas industry. The Trust generates monthly cash distributions for its Unitholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, Alberta, northeastern British Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".