Breaker Energy Ltd. Announces Shareholder and Court Approval of Arrangement
with NAL Oil & Gas Trust

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

CALGARY, Dec. 9 /CNW/ - Breaker Energy Ltd. ("Breaker")(TSX:WAV) is pleased to announce that, at a special meeting held on December 9, 2009, Breaker's shareholders approved the previously announced plan of arrangement with NAL Oil & Gas Trust (the "Arrangement"). Holders of 94 percent of the class "A" shares of Breaker voted at the meeting voted in favour of the Arrangement.

Breaker also announces that the Court of Queen's Bench of Alberta has granted a final order approving the Arrangement. It is anticipated that the Arrangement will become effective on December 11, 2009. Under the Arrangement, holders of class "A" shares of Breaker ("Breaker Shares") will receive 0.475 of a trust unit of NAL Oil & Gas Trust for each Breaker Share.

FORWARD-LOOKING STATEMENTS

This press release contains a forward-looking statement. More particularly, this press release contains a statement concerning the anticipated date for the completion of the Arrangement. Breaker has provided this anticipated date in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the time necessary to satisfy the conditions to the completion of the Arrangement. These dates may change for a number of reasons, including the need for additional time to satisfy the conditions to the completion of the Arrangement. The Arrangement may be completed later than stated or not at all. Accordingly, readers should not place undue reliance on the forward looking statement contained in this press release concerning this date.

The forward-looking statements or information contained in this news release are made as of the date hereof and Breaker undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.

    
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    This press release shall not constitute an offer to sell or the
    solicitation of an offer to buy the securities in any jurisdiction. The
    securities offered have not and will not be registered under the United
    States Securities Act of 1933, as amended (the "U.S. Securities Act") or
    any state securities laws and may not be offered or sold in the United
    States except in certain transactions exempt from the registration
    requirements of the U.S. Securities Act and applicable states securities
    laws.
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%SEDAR: 00021180E

SOURCE BREAKER ENERGY LTD.

For further information: For further information: Dan O'Neil, President & Chief Executive Officer, (403) 215-5264; or Max Lof, Vice President, Finance & Chief Financial Officer, (403) 215-5264, info@breakerenergy.com; www.breakerenergy.com

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BREAKER ENERGY LTD.

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