Argent Energy Trust Confirms May 2013 Distribution

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

CALGARY, May 17, 2013 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) today announced that the cash distribution to be paid on June 24, 2013, in respect of the period from and including May 1 to May 31, 2013, for unitholders of record on May 31, 2013 will be $0.0875 per trust unit. The ex-distribution date is May 29, 2013.

The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 10.31% based on the closing price of the trust units on the Toronto Stock Exchange on May 16, 2013 of $10.18 ¹.

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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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

Brian Prokop
Co-Chief Executive Officer
Argent Energy Trust
[phone]

Sean Bovingdon
Chief Financial Officer
Argent Energy Trust
[phone]