Daylight Resources Trust
TSX : DAY.UN
TSX : DAY.DB
TSX : DAY.DB.B

Daylight Resources Trust
Athlone Energy Ltd.
TSX VENTURE : ATH

Athlone Energy Ltd.

September 16, 2008 23:09 ET

Daylight Resources Trust and Athlone Energy Ltd. Announce Approval of Arrangement

CALGARY, ALBERTA--(Marketwire - Sept. 16, 2008) - Daylight Resources Trust ("Daylight") (TSX:DAY.UN) and Athlone Energy Ltd. ("Athlone") (TSX VENTURE:ATH) are pleased to announce that the holders ("Athlone Shareholders") of Athlone common shares ("Athlone Shares") and holders ("Athlone Optionholders") of options to acquire Athlone Shares have approved the previously announced plan of arrangement involving Athlone, Daylight, the Athlone Shareholders and the Athlone Optionholders (the "Arrangement") at the annual and special meeting of Athlone held on September 16, 2008. In connection with the Arrangement, Athlone continued from the Province of British Columbia to the Province of Alberta under the Business Corporations Act (Alberta) on September 16, 2008.

Pursuant to the Arrangement, Daylight will acquire all of the issued and outstanding Athlone Shares for cash consideration of $0.85 per share. Subject to final approval of the Arrangement by the Court of Queen's Bench of Alberta, which is expected tomorrow, the completion of the Arrangement is scheduled to occur on September 17, 2008. A detailed description of the Arrangement is contained in the management information circular and proxy statement of Athlone dated August 15, 2008, a copy of which is available on SEDAR at www.sedar.com.

Advisory Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by Daylight and Athlone, including expectations and assumptions concerning the timing of receipt of regulatory and securityholder approvals. Although Daylight and Athlone believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Daylight and Athlones can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. This press release contains forward-looking statements and information concerning the anticipated completion of the proposed Arrangement and the anticipated timing for completion of the Arrangement. Daylight and Athlone have provided these anticipated times in reliance on certain assumptions that they believe are reasonable at this time, including assumptions as to the timing of receipt of the necessary regulatory and court approvals and the time necessary to satisfy the conditions to the closing of the Arrangement. These dates may change for a number of reasons, including, but not limited to, inability to secure necessary regulatory or court approvals in the time assumed or the need for additional time to satisfy the condition to the completion of the Arrangement. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release concerning these times. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors may be accessed through the SEDAR website (www.sedar.com) or at Athlone's (www.athlone.com) and Daylight's websites (www.daylightenergy.ca). The forward-looking statements and information contained in this press release are made as of the date hereof and Daylight and Athlone undertake no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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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