For 2010, NAL management’s key objectives have not changed: delivering on our guidance; adding assets, new opportunities and people; maintaining financial strength; and achieving strong total returns. These areas of focus have driven consistently strong performance and returns for NAL and its unitholders since 1996.

On conversion from a trust to a corporation, NAL plans to convert to a dividend paying corporation effective December 31, 2010. By itself, the change in structure from a trust to corporation, does not affect our business plan or our disciplined operational and financial focus.

NAL’s Board will continue to assess the Trust’s dividend and payout policy based upon commodity prices, NAL’s asset base, opportunities, and other market conditions. After conversion, the Trust’s total return will be driven by a combination of yield and growth, with yield expected to remain a strong component of the overall return. Specific payout and dividend levels will be determined closer to the time of conversion.

For more information, please contact NAL’s Investor Relations Manager Clayton Paradis at 403-515-3435 or the IR Toll Free line at 1-888-223-8792 or investor.relations@nal.ca.