Paramount Energy Trust ("PET", TSX-PMT.UN, OTCBB-PMGYF) commenced operations as Canada's only 100% natural gas royalty energy trust in February 2003. We generate cash flow from the production and sale of natural gas from assets that are primarily located in Alberta and southern Saskatchewan.  PET produces from two core areas identified as the Northern District and the Southern District.  PET also owns 93% of a private exploration company, Severo Energy Corp. which produces natural gas in central Alberta.

Since inception Paramount Energy Trust has:

• doubled production volumes,
• added geographic diversity and
• stayed focused on maximizing distributions and creating Unitholder value

PET is well positioned to continue adding value for Unitholders with its large land base and an extensive inventory of opportunities for sustainability into the future.