Concerned Unitholders of True Energy Trust File Dissident Proxy Circular

    CALGARY, March 16 /CNW/ - Robert L. Chaisson, Richard Lewanski and Gary
Perron, as concerned unitholders of True Energy Trust, have filed a dissident
proxy circular in connection with the Annual and Special Meeting of
Unitholders and Exchangeable Shareholders of True Energy Trust to be held on
March 30, 2007.
    The concerned unitholders recommend that unitholders of True Energy Trust
vote against the proposed plan of arrangement and vote in favour of a new
slate of directors for the Trust, as proposed by the concerned unitholders.
    The dissident proxy circular, dated March 16, 2007, has been filed on the
System for Electronic Document Analysis and Retrieval (SEDAR) at
under the profile of True Energy Trust.

For further information:

For further information: Gary Perron, (403) 261-9595; Robert L.
Chaisson, (403) 519-2685; or Richard Lewanski, (403) 289-0055

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