Taylor NGL Limited Partnership
TSX : TAY.UN
TSX : TAY.DB

Taylor NGL Limited Partnership

January 31, 2006 16:20 ET

Taylor NGL Limited Partnership Announces February Distribution and Release Date of Fourth Quarter and Year-end 2005 Results

CALGARY, ALBERTA--(CCNMatthews - Jan. 31, 2006) - Taylor Gas Liquids Ltd., general partner of Taylor NGL Limited Partnership (TSX:TAY.UN) (TSX:TAY.DB), is pleased to announce a cash distribution of $0.060 per limited partnership unit to be paid on February 15th to unitholders of record on February 10th, 2006.

Taylor will announce fourth quarter and year-end 2005 results after the market closes on Tuesday, February 7, 2006. A conference call to discuss these results will be held on Wednesday, February 8, 2006 at 9:30 a.m. MT / 11:30 a.m. ET. To participate in the conference call, please dial 416-695-9712 in the Toronto area and 1-888-280-8277 for all other areas of Canada.

The Partnership owns and operates the RET Complex, the Harmattan Complex and the Joffre Extraction Plant, all in Alberta, and the Younger Extraction Plant in British Columbia. The Partnership also owns two natural gas liquids pipelines, the Ethylene Delivery System and the Joffre Feedstock Pipeline, both of which move products between Joffre, Alberta and Fort Saskatchewan, Alberta. The Joffre and Younger plants are natural gas liquids extraction facilities that produce ethane, propane, butane and condensate. The RET Complex and the Harmattan Complex are natural gas processing facilities that provide services to oil and gas producers.

This press release may contain forward-looking statements, which are subject to certain assumptions, risks and uncertainties that could cause actual results and events to differ materially from those contemplated in the forward-looking statements.

Taylor NGL Limited Partnership units and convertible debentures trade on the Toronto Stock Exchange under the symbol TAY.UN and TAY.DB, respectively.

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