Paramount Energy Trust Announces Change to Senior Management



    
    TSX: PMT.UN, PMT.DB, PMT.DB.A,
    PMT.DB.B, PMT.DB.C
    

    CALGARY, Jan. 9 /CNW/ - Paramount Energy Trust ("PET" or the "Trust")
(TSX:PMT.UN) announces that Mr. Tim Granger, Vice President, Asset
Optimization and Chief Operating Officer, has resigned effective January 13,
2009 in order to assume the position of President and Chief Executive Officer
at an intermediate oil and gas company. PET would like to take this
opportunity to thank Mr. Granger for his contribution over the past several
months and wish him well in his future endeavours.

    PET is a natural gas-focused Canadian energy trust. PET's Trust Units and
convertible debentures are listed on the Toronto Stock Exchange under the
symbol "PMT.UN" and "PMT.DB", "PMT.DB.A", "PMT.DB.B" and "PMT.DB.C",
respectively. Further information with respect to PET can be found on its
website at www.paramountenergy.com.

    
    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.
    





For further information:

For further information: Paramount Energy Trust, Sue Riddell Rose,
President and Chief Executive Officer, (403) 269-4400; or Paramount Energy
Trust, Cam Sebastian, Vice President, Finance and Chief Financial Officer,
(403) 269-4400; or Paramount Energy Trust, Sue Showers, Investor Relations and
Communications Advisor, (403) 269-4400, (403) 269-4444 (FAX); or Paramount
Energy Operating Corp., Administrator of Paramount Energy Trust, Suite 3200,
605 - 5 Avenue SW, Calgary, Alberta, T2P 3H5, Email: info@paramountenergy.com,
Website: www.paramountenergy.com


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