EnerVest Energy and Oil Sands Total Return Trust Announces April 2012 Distribution

CALGARY, ALBERTA--(Marketwire - April 19, 2012) - EnerVest Energy and Oil Sands Total Return Trust (the "Fund")(TSX:EOS.UN) announces the April 2012 distribution of $0.0417 per unit. The distribution will be paid on May 15, 2012 to unitholders of record on April 30, 2012. The ex-distribution date for this payment is April 26, 2012.

About the Distribution

The Fund's objectives are to maximize total return through capital appreciation in the portfolio and to provide unitholders with income from monthly cash distributions.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and provides a diversified portfolio of securities of companies, royalty and income trusts, and similar issuers involved directly or indirectly with oil sands development. The Fund also invests in oil and natural gas issuers to assist in providing ongoing monthly cash distributions. The Fund is suited for investors who want an actively managed portfolio targeting this strategy, which has the potential for capital appreciation while delivering a tax-advantaged monthly distribution. The Fund is managed by Rafi G. Tahmazian, Senior Portfolio Manager at Canoe Financial.

About Canoe Financial LP

Canoe Financial is the registered Portfolio Manager and Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal struct ure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing investment fund companies and currently manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.