Paramount Energy Trust - Second Quarter Results Webcast and Conference Call - August 9, 2007



    CALGARY, Aug. 7 /CNW/ - Notification of Second Quarter Results Webcast
and Conference Call event:

    Paramount Energy Trust (TSX: PMT.UN.)
    Second Quarter Results Webcast and Conference Call
    August 9, 2007, 11:00 AM ET

    To listen to this Webcast event, please enter
    http://w.on24.com/r.htm?e=76942&s=1&k=D070C4C3ED388C334D6B041B30F669E6 in
your web browser.

    For a complete listing of upcoming and archived webcasts available
through CNW Group, please visit our events calendar at
http://www.newswire.ca/en/webcast/index.cgi. CNW's webcast of earnings calls
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providing investors with material information broadly and quickly.





For further information:

For further information: Paramount Energy Trust, Susan L. Riddell Rose,
President and Chief Executive Officer, (403) 269-4400; or Cameron R.
Sebastian, Vice President, Finance and Chief Financial Officer, (403)
269-4400; or Sue M. Showers, Investor Relations and Communications Advisor,
(403) 269-4400, (403) 269-6336 (FAX); or Paramount Energy Operating Corp.,
Administrator of Paramount Energy Trust, Suite 500, 630 - 4 Avenue SW,
Calgary, AB, T2P 0J9, Email: info@paramountenergy.com, Website:
www.paramountenergy.com


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