Eagle Energy Trust Confirms March 2011 Distribution

CALGARY, ALBERTA--(Marketwire - March 15, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Eagle Energy Trust(the "Trust") (TSX:EGL.UN) confirms that the cash distribution to be paid on April 21, 2011, in respect of the period from and including March 1, 2011 to March 31, 2011, for unitholders of record on March 31, 2011 will be $0.0875 per trust unit. The ex-distribution date is March 29, 2011.

As previously announced in the press release dated March 1, 2011, the Trust has adopted a Premium Distribution™ and Distribution Reinvestment Plan (the "Plan"), which provides eligible unitholders with the opportunity to reinvest their monthly cash distributions in new trust units at a 5% discount to the Average Market Price (as defined in 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 delivered to 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.

To facilitate the operation of the Plan, the Trust has changed the payment date under its distribution policy from the 15th day of the month immediately following the record date for the distribution to the 23rd day of the month immediately following the record date for the distribution. If the 23rd day is not a business day, then the payment will be made on the immediately preceding business day. The record date for distributions will continue to be the last business day of the month.

Registered unitholders who wish to enroll in the distribution reinvestment component or the Premium Distribution™ component of the Plan for the distribution payable on April 21, 2011 to unitholders of record on March 31, 2011 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 March 24, 2011. Enrollment forms received after that time will only be effective for subsequent distributions. For enrollment using the internet, or to obtain a copy of the Enrollment Form, see the Plan Agent's website at www.computershare.com/investorcentrecanada. 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.EagleEnergyTrust.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.

The Trust is an oil and gas energy trust created to provide investors with apubliclytraded, oil and natural gas focused, distribution producing investment, with favourable tax treatment relative to taxable Canadian corporations.

Richard W. Clark, President & Chief Executive Officer

All material information pertaining to Eagle Energy Trust may be found under the Trust's profile at www.sedar.com or on the Trust's website at www.EagleEnergyTrust.com.

™ Denotes trademark of CanaccordGenuity Corp.