True Energy Trust Announces Change in Location for Annual & Special Meeting


    CALGARY, March 23 /CNW/ - Due to seating capacity limitations at its
previously scheduled meeting location, True Energy Trust ("True" or the
"Trust"), announces a change in location for its annual and special meeting
(the "Meeting") of unitholders and exchangeable shareholders of True
(collectively, "True Securityholders") scheduled to be held on March 30, 2007
at 10:00 AM (Calgary time) for the purposes of, among other matters, voting
upon the previously announced reorganization of the Trust into a growth
oriented, dividend paying intermediate exploration and production company (the
"Reorganization"). The Meeting location has been changed from the Petroleum
Club to the Bonavista Room at the Westin Hotel located at 320 - 4th Avenue SW,
Calgary, Alberta.
    The change in location is to ensure that all interested True
Securityholders can be accommodated. True encourages all True Securityholders
to cast their vote, in person or by proxy, at the Meeting. If you have any
questions regarding the Reorganization or how to fill out your proxy, please
feel free to contact Kingsdale Shareholder Services Inc. at 1-866-639-8089 or
416-867-2272 who would be pleased to help.

    %SEDAR: 00021401E

For further information:

For further information: Paul Baay, President and CEO, (403) 750-1272;
Edward Brown, Vice President, Finance and CFO, (403) 750-2655; Scott Koyich,
Investor Relations, (403) 750-2428; Troy Winsor, Investor Relations, (800)

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