Eagle Energy Trust Confirms December 2011 Distribution

CALGARY, ALBERTA--(Marketwire - Dec. 15, 2011) - Eagle Energy Trust (TSX:EGL.UN) confirms its December 2011 distribution. The cash distribution to be paid on January 23, 2012, in respect of the period from and including December 1, 2011 to December 31, 2011, for unitholders of record on December 30, 2011 will be $0.0875 per trust unit. The ex-distribution date is December 28, 2011.

The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 11% based on the closing price of our trust units on the Toronto Stock Exchange on December 14, 2011 of $9.21.¹

Eagle is an oil and gas energy trust created to provide investors with a publicly traded, oil and natural gas focused, distribution producing investment, with favourable tax treatment relative to taxable Canadian corporations.

Richard W. Clark, President & Chief Executive Officer

All material information pertaining to Eagle Energy Trust may be found under Eagle's issuer's profile at www.sedar.com or on Eagle's website at www.EagleEnergyTrust.com.

(1) Unlike fixed income securities, Eagle has no obligation to distribute any fixed amount and reductions in, or suspension of, cash distributions may occur that would reduce future yield.