Argent Energy Trust Announces Update to Toronto Stock Exchange Listing Eligibility Review

CALGARY, Feb. 24, 2016 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) announces that, further to the news releases issued by it on February 2, 2016 and February 17, 2016, it has been advised by the Toronto Stock Exchange (the "TSX") that the units of the Trust (TSX: AET.UN), the 6.00% convertible unsecured subordinated debentures due June 30, 2018 (TSX: AET.DB) and the 6.50% convertible unsecured subordinated debentures due December 30, 2018 (TSX: AET.DB.A) will be delisted effective at the close of market on March 24, 2016 for failure by the Trust to meet the continued listing requirements of the TSX. Trading in the securities of the Trust will remain suspended from trading on the TSX until the delisting date.

Note About Forward Looking Statements

This press release includes forward-looking information within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical facts, that address activities, circumstances, events, outcomes and other matters that Argent budgets, forecasts, plans, projects, estimates, expects, believes, assumes or anticipates (and other similar expressions) will, should or may occur in the future, are considered forward-looking information.

Forward-looking information contained in this news release includes, but is not limited to, statements concerning the delisting of the Trust's securities on the TSX. The forward-looking information contained in this news release is based on management's current beliefs, expectations and assumptions, based on currently available information as to the outcome and timing of future events.

Forward-looking information is subject to a number of risks and uncertainties that could cause actual results to differ materially from the expectations set forth in the forward-looking information. Forward-looking information is not a guarantee of future results or performance or an assurance that our current assumptions and projections are valid. All forward-looking information speaks only as of the date of this news release, and the Trust assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking information, except as required by law. You should not place undue reliance on forward-looking information. You are encouraged to closely consider the additional disclosures and risk factors contained in the Trust's periodic filings on SEDAR that discuss in further detail the factors that could cause future results to be different than contemplated in this press release.

SOURCE Argent Energy Trust

For further information: Sean Bovingdon, President & Chief Financial Officer, Argent Energy Trust, (403) 770-4809; Steve Hicks, Chief Operating Officer, Argent Energy Trust, (281) 847-1888


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