CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2005) - Zargon Energy Trust (TSX:ZAR.UN) ("Zargon") confirms that the monthly cash distribution for the month of August in the amount of Cdn. $0.16 per trust unit will be paid on September 15, 2005 to unitholders of record on August 31, 2005. The ex-distribution date is August 29, 2005. As previously announced on August 11, 2005, this distribution represents an increase of $0.02 per trust unit.
Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.145 million trust units (ZAR.UN) and 2.474 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the August 15, 2005 revised exchange ratio there would be a total of 18.799 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.
Phone: (403) 264-9992
FOR FURTHER INFORMATION PLEASE CONTACT:
Zargon Energy Trust
President and Chief Executive Officer
Vice President, Finance and Chief Financial Officer