Taylor NGL Limited Partnership

Taylor NGL Limited Partnership

October 31, 2005 17:21 ET

Taylor NGL Limited Partnership Announces November Distribution, Appointment of Chief Financial Officer and Schedule for Release of Third Quarter Results

CALGARY, ALBERTA--(CCNMatthews - Oct. 31, 2005) - 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 November 15 to unitholders of record on November 10, 2005.

The Board of Directors is pleased to announce the appointment of Mr. Brad Mattson as Chief Financial Officer of Taylor Gas Liquids Ltd., the general partner of Taylor NGL Limited Partnership. Mr. Mattson joined Taylor in 2001 and has most recently held the position Controller and Vice President Risk Management. Mr. Mattson holds a Bachelor of Management, Accounting, from the University of Lethbridge and a MBA, from Queen's University at Kingston.

Taylor anticipates that third quarter 2005 results will be released after market close on Wednesday, November 9, 2005. A conference call to discuss these results will be held on Thursday, November 10, 2005 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. A recording of the call will be available for replay until November 17, 2005 by dialing 416-695-5275 or 1-888-509-0081 (no passcode is required) or by following the links on Taylor's website, www.taylorngl.com.

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 in Alberta, 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 contains 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 (www.taylorngl.com) units and convertible debentures trade on the Toronto Stock Exchange under the symbol TAY.UN and TAY.DB, respectively.

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