Stoneham Drilling Trust

Stoneham Drilling Trust

January 17, 2006 23:59 ET

Stoneham Drilling Trust announces cash distribution for January 2006

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2006) - Stoneham Drilling Trust
(TSX:SDG.UN) (the "Trust") announced that its cash distribution for the period from
January 1, 2006 to January 31, 2006 will be $0.125 per trust unit ($1.50 per annum).
The distribution will be paid on February 15, 2006 to unitholders of record on
January 31, 2006.

Stoneham provides contract drilling services to oil and natural gas exploration and
production companies operating in western Canada. With its modern innovative fleet
of ten telescopic drilling rigs and seven additional rigs currently under construction,
Stoneham is an industry leader in operational performance and rig utilization. The
Trust trades on the TSX under the symbol SDG.un. The Trust pays monthly cash
distributions to unitholders.

The Toronto Stock Exchange has neither approved nor disapproved of the
information contained herein.

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