CALGARY--(CCNMatthews - April 12) - NAL Oil & Gas Trust (TSX:NAE.UN) (the "Trust") will pay a distribution of $0.16 per unit on May 16, 2005, to Unitholders of record on April 22. The units will begin trading ex-distribution on April 20. In a recent announcement, the Trust has indicated it anticipates no change in its distribution level in the foreseeable future, barring any major commodity price fluctuations. Trailing cash distributions for the past 12 months total $1.89 per unit, representing a 14% cash-on-cash yield based on the April 11, 2005 closing price of $13.38. 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
Manager, Investor Relations
(403) 294-3620 or Toll Free: 888-223-8792
Fax: (403) 294-3699
Email: Investor.Relations@nal.ca
Website: www.nal.ca