NAL Energy Corporation
TSX : NAE

NAL Energy Corporation

July 11, 2011 18:01 ET

NAL Energy Corporation Announces July Dividend

CALGARY, ALBERTA--(Marketwire - July 11, 2011) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of $0.07 per common share payable on August 15, 2011, to shareholders of record on July 22, 2011. The shares will begin trading on an ex-dividend basis on July 20, 2011.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

The current monthly dividend totals $0.84 per common share on an annualized basis, and represents a 7.6% cash-on-cash yield based on the July 11, 2011 closing share price of $11.08.

NAL's Board of Directors sets the dividend level taking into consideration commodity prices, forecast cash flow of the Corporation, financial market conditions, availability of financing, internal capital investment opportunities and taxability.

ABOUT NAL

NAL Energy Corporation generates returns for its shareholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, and northeastern British Columbia.

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