Pengrowth Energy Trust
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Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

March 21, 2005 12:30 ET

Pengrowth Energy Trust Announces Appointment of Christopher Webster as Chief Financial Officer

CALGARY, ALBERTA--(CCNMatthews - March 21, 2005) - Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), is pleased to
announce today the appointment of Chris Webster as Chief Financial Officer. Mr.
Webster previously was Vice President, Treasurer and interim Chief Financial
Officer of Pengrowth Corporation. He received a Bachelor of Commerce from
Concordia University and holds both CFA and CGA designations.

The appointment of Chris Webster followed an extensive search process conducted
by the Chief Executive Officer through a national independent executive search
firm in consultation with the Corporate Governance and Compensation Committee of
the Board of Directors. Mr. Webster was selected based upon his experience and
qualifications, his knowledge of the Trust and his superior performance as an
executive officer and active member of the Pengrowth team over the past five
years.

Mr. Webster joined Pengrowth in 2000 and was appointed as Treasurer in 2001. He
has participated actively in debt and equity financing activities of the Trust
and the acquisitions and divestitures of Pengrowth Corporation. Prior to joining
Pengrowth, Mr. Webster held senior accounting positions within the petroleum
industry including managing treasury and accounting functions and acting as
interim Vice-President of Marketing for Union Pacific Resources Inc. Mr. Webster
also held progressive and diversified accounting positions with Home Oil Company
Ltd. from 1988 to 1995 including broad exposure to operations accounting,
budgeting and development of cost controls.

James S. Kinnear the Chief Executive Officer of Pengrowth stated: "the
appointment of Chris Webster reflects Pengrowth's commitment to excellence, the
quality and diversity of Pengrowth's team and the development of individuals
with superior skills dedicated to enhancing value for all unitholders."

PENGROWTH CORPORATION

James S. Kinnear, President

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