Argent Energy Trust Announces Distribution Reinvestment Plan

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

CALGARY, Sept. 25, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") is pleased to announce that it has adopted a Distribution Reinvestment Plan (the "Plan").  The Plan provides eligible unitholders with the opportunity to reinvest their cash distributions, on each distribution payment date, in additional trust units of Argent (the "Plan Units"), which may be issued from treasury of Argent, purchased on the open market through the Toronto Stock Exchange, or a combination thereof. Eligible unitholders may elect to participate in the Plan commencing with the monthly cash distribution payable on November 23, 2012 (the "November 2012 Distribution").

As permitted by the Plan, for the purposes of the November 2012 Distribution and thereafter until further notice otherwise is provided by Argent in accordance with the Plan, Plan Units issued from treasury will be issued on the applicable distribution payment date to eligible unitholders participating in the Plan at a 3% discount to the average market price of the trust units of Argent (the "Units"). Average market price is defined in the Plan to be the volume weighted average price of the Units on the Toronto Stock Exchange for the five trading days preceding the distribution payment date.

To participate in the Plan, registered unitholders may enroll online through Computershare Trust Company of Canada's Investor Centre web portal at www.computershare.com/investorcentrecanada or by delivering a properly completed enrollment form to Computershare Trust Company of Canada (in its capacity as plan agent under the Plan), as directed under the Plan, not later than 4:00 p.m. (Toronto time) on the fifth (5^th) business day immediately preceding a distribution record date in order for the cash distribution to which such record date relates to be reinvested under the Plan.  Registered unitholders who wish to enroll in the Plan for the November 2012 Distribution, which is payable to unitholders of record on October 31, 2012, must deliver a completed and signed enrollment form not later than 4:00 p.m. (Toronto time) on October 24, 2012.

Beneficial unitholders (i.e. owners of Units that are held through a nominee) who wish to participate in the Plan should contact the broker, investment dealer, financial institution or other nominee who holds their Units to enquire about the applicable enrollment deadline and to request enrollment in the Plan.

No commissions, service charges or brokerage fees will be payable by Plan participants in connection with their purchase of Plan Units; however, beneficial unitholders who wish to participate in the Plan through the broker, investment dealer, financial institution or other nominee who holds their Units should consult that nominee to confirm what fees, if any, the nominee may charge to enroll in the Plan on their behalf or whether the nominee's policies might result in any costs otherwise becoming payable by the beneficial unitholder.

Participation in the Plan will not relieve unitholders of any liability for taxes that may be payable on distributions.  Unitholders should consult their own tax advisors concerning the tax implications of their participation in the Plan having regard to their own particular circumstances.

Copies of the Plan, a series of Questions and Answers, and the enrollment form will be available on the Argent website at www.argentenergytrust.com, directly from Argent by calling [phone], or online though Computershare Trust Company of Canada's Investor Centre at www.computershare.com/investorcentrecanada.  Questions may also be directed at Computershare Trust Company of Canada by calling 1-800-564-6253.

Eligible unitholders are encouraged to read the full Plan to understand participation rules and other terms and conditions to the plan, including, but not limited to, eligibility restrictions that only allow participation by Canadian residents.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, in any province or territory of Canada or in any other jurisdiction.  The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

ABOUT ARGENT ENERGY TRUST

Argent's objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States and to pay out a portion of available cash to holders of trust units on a monthly basis.

Argent is a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restrictions which preclude the Trust from holding any "non-portfolio property" (as defined in the Tax Act).

Forward-Looking Statements

Certain statements made herein contain forward-looking information, including statements regarding the Plan, the discount, if any, at which Plan Units will be issued from treasury under the Plan and the timing of distributions payable by Argent on its Units.  Although Argent believes these statements to be reasonable, the assumptions upon which they are based may prove to be incorrect.  Furthermore, the forward-looking statements contained in this press release are made as at the date of this press release and Argent does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Argent Energy Trust

Brian Prokop
Chief Executive Officer
403-770-4807

Sean Bovingdon
Chief Financial Officer
403-770-4803