Baytex Energy Trust

Baytex Energy Trust

March 18, 2005 16:01 ET

Baytex Energy Trust Confirms Monthly Distribution at $0.15 Per Unit and Announces Annual General Meeting




MARCH 18, 2005 - 16:01 ET

Baytex Energy Trust Confirms Monthly Distribution at
$0.15 Per Unit and Announces Annual General Meeting

CALGARY, ALBERTA--(CCNMatthews - March 18, 2005) - Baytex Energy Trust
(TSX:BTE.UN) announces that a cash distribution of $0.15 per unit in
respect of March operations will be paid on April 15, 2005 for
unitholders of record on March 31, 2005. The ex-distribution date is
March 29, 2005.

Baytex has maintained its monthly distributions at $0.15 per unit since
its inception in September 2003. The Trust's trailing twelve-month cash
distributions, including the March 15, 2005 payment, total $1.80 per
trust unit representing a cash-on-cash yield of approximately 12% per
year based on the March 17, 2005 closing price of $15.20 per trust unit.

Baytex Energy Trust will hold its Annual General Meeting of unitholders
on Wednesday, May 11, 2005 beginning at 3:00 p.m. (Mountain Time) in the
Alberta Room of the Fairmont Palliser Hotel at 133 - 9th Avenue S.W.,
Calgary, Alberta. A live audio webcast of the meeting will be available
on Baytex's web site at beginning at 3:00 p.m.
(Mountain Time), 5:00 p.m. (Eastern Time). The meeting webcast will be
archived and available for replay.

Baytex Energy Trust is a conventional oil and gas income trust focused
on maintaining its production and asset base through internal property
development and delivering consistent returns to its unitholders. Trust
units of Baytex are traded on the Toronto Stock Exchange under the
symbol BTE.UN.

Forward Looking Statements

Certain statements in this press release are forward-looking statements.
The reader is cautioned that assumptions used in the preparation of such
information, although considered reasonable by Baytex at the time of
preparation, may prove to be incorrect. Actual results achieved during
the forecast period will vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors, many of which are beyond the control of Baytex. There is no
representation by Baytex that actual results achieved during the
forecast period will be the same in whole or in part as those forecast.
All dollar amounts in this press release are Canadian dollars unless
otherwise identified.


Contact Information

    Baytex Energy Trust
    Ray Chan
    President & C.E.O.
    (403) 267-0715
    Baytex Energy Trust
    Dan Belot
    Vice-President, Finance & C.F.O.
    (403) 267-0784
    Toll Free Number: 1-800-524-5521