ZARGON ENERGY TRUST
TSX : ZAR.UN

ZARGON ENERGY TRUST
Zargon Oil & Gas Ltd.
TSX : ZAR

Zargon Oil & Gas Ltd.

January 31, 2007 16:08 ET

Zargon Energy Trust Announces Appointment to the Board of Directors

CALGARY, ALBERTA--(CCNMatthews - Jan. 31, 2007) - Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) ("Zargon") is pleased to announce the appointment of Margaret A. McKenzie to the Board of Directors of Zargon Oil & Gas Ltd., effective January 16, 2007.

Ms. McKenzie is currently the Chief Financial Officer of Range Royalty Limited Partnership and Spur Resources Ltd. She was previously Vice President Finance and Chief Financial Officer of Profico Energy Management Ltd. and Manager Treasury and Administration with Renaissance Energy Ltd. Ms. McKenzie holds a Bachelor of Commerce with Distinction degree from the University of Saskatchewan and is a member of the Institute of Chartered Accountants of Alberta since 1985. Ms. McKenzie currently sits on the board of directors of Bonavista Energy Trust and is a member of the Audit and Governance Committees.

Based in Calgary, Alberta, Zargon is a sustainable energy trust with oil and natural gas operations in Alberta, Saskatchewan, Manitoba and North Dakota. Zargon's securities trade on the Toronto Stock Exchange.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Energy Trust
    C.H. Hansen
    President and Chief Executive Officer
    (403) 264-9992
    or
    B.C. Heagy
    Executive Vice President and Chief Financial Officer
    (403) 264-9992
    Email: zargon@zargon.ca
    Website: www.zargon.ca