PrimeWest Energy Trust

PrimeWest Energy Trust

March 03, 2005 17:15 ET

PrimeWest Energy Trust Announces Distribution Level for April 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PRIMEWEST ENERGY TRUST

TSX SYMBOL: PWI.UN
TSX SYMBOL: PWX
TSX SYMBOL: PWI.DB.A
TSX SYMBOL: PWI.DB.B
NYSE SYMBOL: PWI

MARCH 3, 2005 - 17:15 ET

PrimeWest Energy Trust Announces Distribution Level
for April 2005

CALGARY, ALBERTA--(CCNMatthews - March 3, 2005) - PrimeWest Energy Trust
(TSX:PWI.UN) (TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (NYSE:PWI)
(PrimeWest) today announces that the distribution payable April 15, 2005
will be $0.30 Canadian per Trust Unit. The Ex-distribution Date will be
Friday, March 18, 2005. The Record Date is Tuesday, March 22, 2005.

Using a US dollar to Canadian dollar exchange ratio of 1.2439, this
distribution amount would be approximately US$0.24 per unit. The actual
US dollar equivalent distribution will be based upon the actual
US/Canadian exchange rate applied on the payment date net of applicable
Canadian withholding taxes.

PrimeWest is a Calgary-based conventional oil and gas royalty trust that
actively acquires, develops, produces, and sells natural gas, crude oil,
and natural gas liquids for the generation of monthly cash distributions
to unitholders. Trust units of PrimeWest are traded on the Toronto Stock
Exchange (TSX) under the symbol "PWI.UN" and on the New York Stock
Exchange under the symbol "PWI". Exchangeable shares of PrimeWest Energy
Inc. are listed on the TSX under the symbol "PWX". Five-year convertible
debentures of PrimeWest trade on the TSX under the symbol "PWI.DB.A" and
the seven-year convertible debentures trade under the symbol "PWI.DB.B".

Learn more about PrimeWest on our Web site, www.primewestenergy.com.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    PrimeWest Energy Trust
    George Kesteven
    Manager, Investor Relations
    (403) 699-7367 or Toll-free: 1-877-968-7878
    or
    PrimeWest Energy Trust
    Diane Zuber
    Investor Relations Advisor
    (403) 699-7356
    Email: investor@primewestenergy.com
    Website: www.primewestenergy.com