CALGARY, ALBERTA--(CCNMatthews - July 18, 2005) - Zargon Energy Trust (TSX:ZAR.UN) ("Zargon") confirms that the monthly cash distribution for the month of July in the amount of Cdn. $0.14 per trust unit will be paid on August 15, 2005 to unitholders of record on July 31, 2005. The ex-distribution date is July 27, 2005.
Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.132 million trust units (ZAR.UN) and 2.484 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the July 15, 2005 revised exchange ratio there would be a total of 18.784 million trust units outstanding.
In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.
FOR FURTHER INFORMATION PLEASE CONTACT:
Zargon Energy Trust
President and Chief Executive Officer
Vice President, Finance and Chief Financial Officer