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

Daylight Resources Trust
Cadence Energy Inc.
TSX : CDS
TSX : CDS.DB

June 19, 2008 21:53 ET

Daylight Resources Trust and Cadence Energy Inc. Announce Meeting Delay

CALGARY, ALBERTA--(Marketwire - June 19, 2008) - Daylight Resources Trust ("Daylight" or the "Trust") (TSX:DAY.UN) and Cadence Energy Inc. ("Cadence") (TSX:CDS)(TSX:CDS.DB) announce that they have received an objection from an ad hoc committee of holders (the "Debentureholders") of the Cadence 4.75% convertible unsecured subordinated debentures due on June 30, 2012 to Cadence's application for an interim order of the Court of Queen's Bench of Alberta (the "Court"). The Debentureholders are seeking, among other things, an order from the Court entitling the Debentureholders to a separate class vote at the special meeting (the "Meeting") of Cadence shareholders which has been called to consider the previously announced arrangement with Daylight. A hearing on this matter has been set for Monday, June 23, 2008. As a result, the Meeting which was scheduled to take place on July 17, 2008 has been postponed. A revised date will be announced upon receipt of direction from the Court.

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