Argent Energy Trust Announces the Addition of a Premium Distribution™ Component To Its Existing Distribution Reinvestment Plan and Confirms February 2013 Distribution

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

CALGARY, Feb. 15, 2013 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) today announced that it has added a Premium Distribution™ component to its existing Distribution Reinvestment Plan (the "Prior Plan").  The amended and restated plan is called the Premium Distribution™ and Distribution Reinvestment Plan (the "Plan").  Argent also announces that the cash distribution to be paid on March 25, 2013, in respect of the period from and including February 1 to February 28, 2013, for unitholders of record on February 28, 2013 will be $0.0875 per trust unit. The ex-distribution date is February 26, 2013. The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 10.57% based on the closing price of the trust units on the Toronto Stock Exchange on February14, 2013 of $9.93 ¹.

The Plan provides eligible unitholders of Argent with the opportunity to reinvest their distributions in new trust units at either : (i) a current three percent discount to the average trading price (as calculated pursuant to the Plan) for participants in the Trust's regular distribution component of the Plan, such discount to be determined from time to time by the board of directors of the Trust's administrator, or (ii) a five percent discount to the average trading price (as calculated pursuant to the Plan) for participants in the Premium Distribution™ component of the Plan, on the applicable distribution payment date, which new trust units will, at the participant's election, either be

• credited to the participant's account under the distribution reinvestment component of the Plan, or
• disposed of through the designated Plan Broker in exchange for a premium cash payment to the participant equal to 102% of the reinvested distributions under the Premium Distribution™ component of the Plan.

Canaccord Genuity Corp. will act as the Plan Broker for the Premium Distribution™ component of the Plan. Participation in the Plan by unitholders is optional. Those unitholders who do not enroll in the Plan will still receive monthly cash distributions as declared by the Trust.

An eligible unitholder who was properly enrolled in the Prior Plan will automatically be deemed to be a participant in the distribution reinvestment component of the Plan, without any further action on their part.

Registered unitholders who wish to enroll in the distribution reinvestment component or the Premium Distribution™ component of the Plan must enroll using the internet or deliver a completed Enrollment Form to Computershare Trust Company of Canada, as Plan Agent, before 5:00 p.m. (Toronto time) on the 5th business day preceding the record date for the distribution. For the February 2013 distribution, this deadline is Thursday, February 21, 2013.  For enrollment using the internet, or to obtain a copy of the Enrollment Form, see the Plan Agent's website at www.investorcentre.com. A copy of the Enrollment Form may also be obtained by calling the Plan Agent at 1-800-564-6253, or from the Trust's website at www.argentenergytrust.com.

Beneficial unitholders who wish to enroll in the distribution reinvestment component or the Premium Distribution™ component of the Plan should contact the broker or other nominee through which their trust units are held to provide appropriate instructions and to ensure any deadlines or other requirements that such broker or nominee may impose or be subject to are met. These instructions will be collected and aggregated within the brokerage system and ultimately communicated to the Plan Agent.

Unitholders who are resident in Canada may participate in either the distribution reinvestment component or the Premium Distribution™ component of the Plan. Unless otherwise announced by the Trust, a unitholder who is a resident of the United States or is otherwise a "U.S. person" (as defined in the Plan) may not participate in either the distribution reinvestment component or the Premium Distribution™ component of the Plan. Unitholders who are resident in any jurisdiction outside of Canada (other than the United States) may participate in the distribution reinvestment component of the Plan only if their participation is permitted by the laws of the jurisdiction in which they reside and provided that the Trust is satisfied, in its sole discretion, that such laws do not subject the Plan or any of the Trust, the Plan Agent or the Plan Broker to additional legal or regulatory requirements. Unless otherwise announced by the Trust, unitholders who are not resident in Canada may not participate in the Premium Distribution™ component of the Plan. The amount of any distributions to be reinvested under the Plan on behalf of unitholders who are not residents of Canada will be reduced by the amount of any applicable non-resident withholding taxes.

The Trust reserves the right to limit the amount of new equity available under the Plan on any particular distribution payment date. No assurances can be made that new trust units will be made available under the Plan on a monthly basis, or at all. Accordingly, participation may be prorated in certain circumstances. If on any distribution payment date the Trust determines not to issue any equity under the Plan, or the availability of new trust units is prorated in accordance with the terms of the Plan, then participants will be entitled to receive from the Trust the full amount of the regular distribution for each trust unit in respect of which the distribution is payable but cannot be reinvested under the Plan in accordance with the applicable election.

No commissions, service charges or similar fees are payable in connection with the purchase of trust units from treasury under any component of the Plan. All administrative costs of the Plan will be paid by Argent. Unitholders who wish to participate in the Plan indirectly through brokers, investment dealers, financial institutions or other similar nominees through which their trust units are held should consult such nominees to confirm whether commissions, service charges or similar fees are payable.

Participation in the Plan does not relieve unitholders of any liability for taxes that may be payable in respect of distributions that are reinvested in new trust units under the Plan. Unitholders should consult their tax advisors concerning the tax implications of their participation in the Plan having regard to their particular circumstances.

A complete copy of the Plan, together with a related series of Questions and Answers, are available on the Trust's website at www.argentenergytrust.com or by contacting the Trust directly at the number indicated below, or on the Plan Agent's website at www.investorcentre.com. Unitholders should carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.

Argent is a mutual fund trust under the Income Tax Act (Canada). 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. Material information pertaining to Argent Energy Trust may be found on www.sedar.com or www.argentenergytrust.com.

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™ denotes trademark of Canaccord Genuity Corp.

¹ Unlike fixed income securities, Argent has no obligation to distribute any fixed amount and reductions in, or suspension of, cash distributions may occur that would reduce future yield.

SOURCE: Argent Energy Trust

For further information concerning this press release, please contact:

Brian Prokop
Chief Executive Officer
Argent Energy Trust
[phone]

Sean Bovingdon
Chief Financial Officer
Argent Energy Trust
[phone]