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True Energy Trust Announces Increase to Exchangeable Share Ratio


View All News Releases April 15, 2008

    TSX: TUI.UN

    CALGARY, April 15 /CNW/ - True Energy Trust ("True" or the "Trust")
announces an increase in the ratio for exchanging Exchangeable Shares of True
Energy Inc. into trust units of the Trust (the "Exchange Ratio") from 0.90177
to 0.91128. This increase is effective on April 15, 2008.

    The following are the details used in the calculation of the Exchange
Ratio:Record Date of Distribution                               March 31, 2008
    Opening Exchange Ratio                                           0.90177
    True Energy Trust distribution per unit
     paid April 15, 2008                                               $0.04
    5-day weighted average trading price                            $3.79413
     (the "Current Market Price")
     (including the last business day prior
     to distribution payment date)
    Increase in Exchange Ratio                                       0.00951
    Effective Date of increase in Exchange Ratio              April 15, 2008
    Exchange Ratio as of the Effective Date                          0.91128The increase in the exchange ratio is calculated by multiplying the True
Energy Trust distribution per trust unit by the previous month's exchange
ratio and dividing by the Current Market Price of TUI.UN. A holder of True
Energy Inc. Exchangeable Shares can exchange all or a portion of their
holdings at any time for the True Energy Trust Units by completing the
Retraction Request Form located on the back of the exchangeable certificate. 
Questions regarding Exchangeable Shares should be directed to Computershare
Trust Company of Canada at 1-800-564-6253.
    True Energy Trust is an exploration and production oil and gas trust
based in Calgary, Alberta, Canada.

    %SEDAR: 00021401E



Bellatrix Exploration Ltd.
1920, 800 5th Avenue SW
Calgary, Alberta T2P 3T6
Main: 403-266-8670
Fax: 403-264-8163
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Bellatrix Exploration
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