Paramount Energy Trust

Paramount Energy Trust

March 28, 2005 18:19 ET

Paramount Energy Trust Files Oil and Gas Reserves Information


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PARAMOUNT ENERGY TRUST

TSX SYMBOL: PMT.UN

MARCH 28, 2005 - 18:19 ET

Paramount Energy Trust Files Oil and Gas Reserves
Information

CALGARY, ALBERTA--(CCNMatthews - March 28, 2005) - Paramount Energy
Trust ("PET" or the "Trust") (TSX:PMT.UN) PET has filed its Annual
Information Form (the "AIF") for the year ended December 31, 2004 with
the Canadian securities regulatory authorities on the System for
Electronic Document Analysis and Retrieval ("SEDAR") in Canada. The AIF
contains the statement and reports relating to reserves data and other
oil and gas information required pursuant to National Instrument 51-101
of the Canadian Securities Administrators ("NI 51-101"). With this news
release, PET is reporting these filings as required by NI 51-101. An
electronic copy of the AIF may be obtained on PET's SEDAR profile at
www.sedar.com or on PET's website at www.paramountenergy.com.

About PET

PET is a natural gas-focused Canadian energy trust. PET's Trust Units
are listed on the Toronto Stock Exchange under the symbol "PMT.UN".
Further information with respect to PET can be found at its website at
www.paramountenergy.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Paramount Energy Trust
    Susan L. Riddell Rose
    President and Chief Operating Officer
    (403) 269-4400
    or
    Paramount Energy Trust
    Cameron R. Sebastian
    Vice President, Finance and Chief Financial Officer
    (403) 269-4400
    or
    Paramount Energy Trust
    Gary C. Jackson
    Vice President, Land, Legal and Acquisitions
    (403) 269-4400
    or
    Paramount Energy Operating Corp,
    administrator of Paramount Energy Trust
    Suite 500, 630 - 4 Avenue SW
    Calgary, AB T2P 0J9
    (403) 269-6336 (FAX)
    Email: info@paramountenergy.com
    Website: www.paramountenergy.com
    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein in this news release.