True Energy Trust Announces Appointment of President and Chief Executive Officer



    TSX: TUI.UN

    CALGARY, Jan. 26 /CNW/ - True Energy Trust (The "Trust") announces that
Wayne M. Chorney has resigned as President, Chief Executive Officer, Chief
Operating Officer and a Director of True Energy Inc. ("True"), the
administrator of the Trust. The Board of Directors of True wish Mr. Chorney
the best in his future endeavours and thank him for his leadership and
guidance during his tenure.
    True is pleased to announce that Raymond G. Smith, P. Eng. has been
appointed as President and Chief Executive Officer of True. Mr. Smith is
currently a director of True. Mr. Smith brings a broad range of experience to
the position gleaned from a career which has spanned 41 years in the Western
Canada Sedimentary Basin, the United States of America, Tunisia and Argentina.
Mr. Smith is currently the Chairman of Madelena Ventures Inc. and was
previously the President and Chief Executive Officer of Meridian Energy
Corporation, prior to its acquisition by True and was also the Founder and
Senior Officer of Corsair Exploration Ltd., New Cache Petroleum Ltd, and Rydal
Energy Ltd.

    %SEDAR: 00021401E




For further information:

For further information: Raymond G. Smith, President, CEO, (403)
266-8670; Edward Brown, Vice President, Finance & CFO, (403) 750-2655; Sacha
Ravelli, Manager, Investor Relations, (403) 750-7085


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