Pengrowth Energy Trust
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Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

May 24, 2005 11:58 ET

CORRECTION FROM SOURCE: Pengrowth Energy Trust Confirms Cash Distribution for June 15, 2005

CALGARY, ALBERTA--(CCNMatthews - May 20, 2005) -

Please note that in c2074 sent May 20th, the last sentence of the first
paragraph has been corrected to state that "The distribution will be payable to
all unitholders who hold Class A or Class B trust units on the record date of
June 1, 2005." and not "...on the record dates of May 31, 2005 and June 1, 2005
for U.S. and Canadian unitholders, respectively."

Correct copy follows.

Pengrowth Corporation ("Pengrowth"), administrator of Pengrowth Energy Trust
("Trust"), today confirmed its June 15, 2005 cash distribution will be Cdn $0.23
per trust unit. The distribution is net of amounts withheld to finance capital
expenditures. The ex-distribution date is May 27, 2005 for U.S. unitholders and
May 30, 2005 for Canadian unitholders. The distribution will be payable to all
unitholders who hold Class A or Class B trust units on the record date of June
1, 2005.

The distribution of Cdn $0.23 per trust unit is equivalent to approximately U.S.
$0.18 per trust unit using a U.S./Canadian dollar exchange ratio of 1.2635. The
actual U.S. dollar equivalent distribution will be based upon the actual
U.S./Canadian exchange rate applied on the payment date, net of applicable
Canadian withholding taxes. This distribution relates to the production month of
April, 2005. Cash distributions paid over the past 12 months now total Cdn $2.71
per trust unit or approximately U.S. $2.16 per trust unit.

PENGROWTH CORPORATION

James S. Kinnear, President

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