CALGARY--(CCNMatthews - Feb. 10) - NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") will pay a distribution of $0.16 per unit on March 15, 2005, to Unitholders of record on February 22. The units will begin trading ex-distribution on February 18. This marks the seventh consecutive month at this distribution level, and we anticipate no changes for the foreseeable future. Trailing cash distributions for the past 12 months total $1.87 per unit, representing a 13% cash-on-cash yield based on the February 9, 2005 closing price of $14.00. NAL Oil & Gas Trust is an open-end investment trust founded in May 1996 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".
NAL Oil & Gas Trust Anne-Marie Buchmuller Investor Relations (403) 294-3620 or Toll Free: (888) 223-8792 Fax: (403) 294-3699 Email: Investor.Relations@nal.ca Website: www.nal.ca