March 16, 2005 15:27 ET
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: ZARGON ENERGY TRUST TSX SYMBOL: ZAR.UN AND ZARGON OIL & GAS LTD. TSX SYMBOL: ZOG.B MARCH 16, 2005 - 15:27 ET Zargon Energy Trust Confirms March 2005 Cash Distribution CALGARY, ALBERTA--(CCNMatthews - March 16, 2005) - Zargon Energy Trust (TSX:ZAR.UN) ("Zargon") confirms that the monthly cash distribution for the month of March in the amount of Cdn. $0.14 per trust unit will be paid on April 15, 2005 to unitholders of record on March 31, 2005. The ex-distribution date is March 29, 2005. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 15.665 million trust units (ZAR.UN) and 2.913 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the March 15, 2005 revised exchange ratio there would be a total of 18.703 million trust units outstanding. 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. -30-
FOR FURTHER INFORMATION PLEASE CONTACT: Zargon Energy Trust C.H. Hansen President and Chief Executive Officer or B.C. Heagy Vice President, Finance and Chief Financial Officer Phone: (403) 264-9992 E-mail: zargon@zargon.ca Website: www.zargon.ca
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