SYMBOL: PEY.UN - TSX CALGARY, March 14 /CNW/ - Peyto Energy Trust (Peyto) was first contacted yesterday by the Financial Post and later in the day was contacted by the Toronto Stock Exchange (TSX) with respect to a private placement made to employees, including officers, and key consultants on February 15, 2006. The private placement consisted of 312,370 units at a price of $22.18/unit. Peyto is also aware of an article contained in today's Financial Post titled "TSX PROBES PEYTO ENERGY TRUST BONUS PAYOUT". Yesterday, the TSX indicated they were concerned about the timing of this private placement. The concerns did not relate to the "bonus payout" which is suggested in the title of today's article in the Financial Post. The TSX concerns relate to the fact that the price for the private placement was calculated immediately prior to the release of the 2005 year end reserve report and Peyto's fifth distribution increase. The private placement price was calculated based on a five day weighted average market price which ended the day of the news release. We understand the TSX's concern with respect to the timing of the private placement and are committed to resolving this situation in a timely manner. Peyto's reserve value performance based compensation (RVPBC) is quite unique in the energy business. This form of variable compensation is calculated by isolating the proved developed producing (PDP) value created during the year, independent of changes in commodity prices, and adjusts for changes in debt and equity. The proved developed producing reserve category is chosen because it is the most certain reserve category. Peyto believes that the PDP reserves are essentially the finished product and paying for growth in other categories may not ultimately benefit unitholders. This compensation is paid out in cash once the year end reserve report is complete. The private placement provides a mechanism for employees to voluntarily re-invest a portion of their cash from the RVPBC. The calculation of the RVPBC has nothing to do with the price of the private placement. Peyto prides itself on a high level of accountability, transparency and fairness to current and prospective unitholders. Peyto is known for its long reserve life, 18.9 years and its low operating costs. If you are interested in learning more about our trust, we suggest that you visit the Peyto website at www.peyto.com. Our website has a wealth of information designed to be transparent, educate and inform investors. Certain information set forth in this document contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. Peyto disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. %SEDAR: 00019597E