Pengrowth Energy Trust

Pengrowth Energy Trust
Pengrowth Corporation

Pengrowth Corporation

April 27, 2005 12:14 ET

Pengrowth Energy Trust Announces Board of Director and Senior Management Appointments

CALGARY, ALBERTA--(CCNMatthews - April 27, 2005) - Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust") is pleased to
announce the appointments of Mr. A. Terence Poole and Mr. Kirby L. Hedrick to
the Board of Directors of Pengrowth.

Terry Poole holds the Chartered Accountant designation, a Bachelor of Commerce
degree from Dalhousie University and brings extensive senior financial
management, accounting, capital and debt market experience to Pengrowth. Mr.
Poole currently holds the position of Executive Vice- President, Corporate
Strategy and Development of Nova Chemicals Corporation. Prior to assuming his
present position in 2000, Mr. Poole held various senior management positions
with Nova and other companies. Mr. Poole would be considered a financial expert
for the purpose of the Sarbanes-Oxley Act of 2002.

Kirby Hedrick received a Bachelor of Science and Mechanical Engineering from the
University of Evansville, Indiana in 1975. He completed the Stanford Executive
Program in 1997 and the Stanford Corporate Governance Program in 2003. Mr.
Hedrick has extensive engineering and senior management experience in the United
States and internationally, retiring in 2000 as Executive Vice- President,
Upstream of Phillips Petroleum.

Pengrowth also wishes to highlight a number of recent announcements and changes
to Pengrowth's senior management team.

- Effective April 19, 2005, Pengrowth announced the appointment of James J. Emme
as Executive Vice-President, Pengrowth Corporation and Vice-President, Pengrowth
Management Limited, subject to immigration approval. In this capacity, Mr. Emme
will have broad responsibilities for the operating activities of Pengrowth
Corporation and the business development activities of Pengrowth Management

- Also announced previously was the appointment of Chris Webster as Chief
Financial Officer of Pengrowth Corporation, effective March 21, 2005. Chris
previously held the position of Vice-President, Treasurer for Pengrowth.

- Effective immediately, Charles V. Selby has been appointed as Vice-President
and Corporate Secretary. Mr. Selby is a lawyer and Professional Engineer with
broad involvement in the business and affairs of Pengrowth Corporation and has
served as Corporate Secretary since 1993.

- Effective April 25, 2005, Doug C. Bowles has been appointed as Controller of
Pengrowth Corporation, replacing Lianne Bigham who recently resigned to pursue
personal interests following a 12-year career with Pengrowth. Mr. Bowles brings
over 18 years of accounting experience, including 11 years with ExxonMobil
Canada where he recently held the position of Financial Reporting Manager. Prior
to ExxonMobil, Mr. Bowles spent seven years with KPMG Peat Marwick Thorne as a
senior manager. Mr. Bowles is a graduate of McMaster University and has a
Bachelor of Commerce, Honours, Accounting and Finance Major. He received his
Chartered Accountant designation in 1989.

- Also effective immediately, Jim MacDonald has been appointed to Director of
East Coast Operations, from his previous role as General Manager, reflecting Mr.
MacDonald's increasing responsibilities in the east coast and his expanding role
in respect to Pengrowth's general business activities. Mr. MacDonald holds a
Bachelor of Engineering degree in Mining Engineering and a Bachelor of Science
degree in Mathematics and Engineering. He joined Pengrowth in 2002 following a
28-year engineering and management career in various positions with Amoco Canada
and Nova Scotia Resources Limited.

- Henry McKinnon has expressed his intention to resign as Vice-President,
Operations effective May 13, 2005 to pursue personal interests. Mr. McKinnon
made significant contributions to Pengrowth's growth and development in his
seven year career with Pengrowth. Of particular note were his contributions
towards the realization of value in relation to Pengrowth's Judy Creek
acquisition, completed in 1997, and the successful integration of acquisitions
from Calpine and Murphy Oil. Mr. McKinnon has agreed to provide Pengrowth with
continued advice and support as required beyond May 13, 2005.

Further appointments are expected to be announced in the near future.

Pengrowth is also taking steps to augment available resources to pursue new
opportunities in conjunction with the anticipated closing of the previously
announced Plan of Arrangement with Crispin Energy Inc. on April 29, 2005.
Crispin's senior technical management team will be engaged by Pengrowth for a
minimum of six months thereafter, to assist in the evaluation of corporate and
property acquisitions, to assess and identify opportunities relating to
Pengrowth's undeveloped lands and to examine Pengrowth's asset base for
strategic optimization opportunities. Members of Crispin's senior technical
management team to be engaged by Pengrowth include:

- Murray Nunns, Crispin's President and Chief Executive Officer, who has more
than 25 years of domestic and international oil and gas experience, including 10
years with Rio Alto Exploration Ltd. in the capacity of Vice-President,
Exploration and Development and later as Chief Operating Officer.

- Crispin's Executive Vice-President, William Bradley, an engineer with
extensive experience in all facets of engineering management having held a
succession of roles of increasing complexity at Encal Energy Ltd. prior to
joining Crispin.

- Gordon Crooks, Crispin's Vice-President, Exploration with experience in a
similar capacity with Northrock Exploration Ltd. and as exploration manager at
Canadian Natural Resources Limited in the early 1990's.

- Doug Smith, a geologist with 25 years of experience with various companies
including serving as Chief Geologist of Rio Alto Exploration Ltd.

- Patrick Manuel, Crispin's Vice-President, Engineering and Business Development
with over 15 years of experience in various acquisition and operational


James S. Kinnear, President

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