Daylight Energy Trust

Daylight Energy Trust

March 21, 2005 16:00 ET

Daylight Energy Trust Announces April 15, 2005 Cash Distribution Amount


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DAYLIGHT ENERGY TRUST

TSX SYMBOL: DAY.UN

MARCH 21, 2005 - 16:00 ET

Daylight Energy Trust Announces April 15, 2005 Cash
Distribution Amount

CALGARY, ALBERTA--(CCNMatthews - March 21, 2005) - Daylight Energy Trust
(TSX:DAY.UN) ("Daylight") announces that the cash distribution to be
paid on April 15, 2005, for unitholders of record on March 31, 2005 will
be $0.12 per trust unit. The ex-distribution date is expected to be
March 29, 2005.

Daylight is an open-ended unincorporated investment trust that was
formed through the corporate reorganization of Midnight Oil & Gas Ltd.,
completed on November 30, 2004. Daylight has approximately 42.1 million
trust units and 1.9 million exchangeable shares currently outstanding.

ADVISORY: Certain information regarding Daylight Energy Trust including
management's assessment of future plans and operations, may constitute
forward-looking statements under applicable securities law and
necessarily involve risks associated with oil and gas exploration,
production, marketing and transportation such as loss of market,
volatility of prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, competition from other producers and
ability to access sufficient capital from internal and external sources;
as a consequence, actual results may differ materially from those
anticipated in the forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

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