Growing Support for the True Energy Trust Dissident Proxy Circular

    CALGARY, March 26 /CNW/ - On March 16, 2007 a dissident proxy circular
was filed by concerned unitholders 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 have now received indications of support from
several large institutional unitholders and numerous retail unitholders.
    The dissident proxy circular provides unitholders with an alternative to
facilitate change. Unitholders of True Energy Trust have until March 27, 2007
to get their proxies in to 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. Unitholders wishing to do so should vote their proxies
in accordance with the dissident proxy circular.
    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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