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Press release from CNW Group

Argent Energy Trust confirms August 2012 distribution

Wednesday, August 22, 2012

Argent Energy Trust confirms August 2012 distribution16:00 EDT Wednesday, August 22, 2012CALGARY, Aug. 22, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its August 2012 distribution.  The cash distribution to be paid on September 24, 2012, in respect of the stub period from and including August 10 to August 31, 2012, for unitholders of record on August 31, 2012 will be $0.0621 per trust unit.  This equates to a monthly distribution rate of $0.0875 per trust unit.  The ex-distribution date is August 29, 2012.The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 10.55% based on the closing price of our trust units on the Toronto Stock Exchange on August 21, 2012 of $9.95.1 The Trust expects to implement a Distribution Reinvestment Plan later in 2012.Argent is a mutual fund trust under the Income Tax Act (Canada) (the "Tax Act").  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.     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 TrustFor further information: Brian Prokop Chief Executive Officer Argent Energy Trust (403) 770-4807 Sean Bovingdon Chief Financial Officer Argent Energy Trust (403) 770-4803