TMX group

PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) is pleased to confirm
cash distributions for July 2006

CALGARY, July 21 /CNW/ - Penn West Energy Trust ("Penn West") confirms
that its July 2006 cash distribution will be CDN$0.34 per trust unit payable
on August 15, 2006 to unitholders of record on July 31, 2006. The
ex-distribution date is July 27, 2006.
The CDN$0.34 per unit is equivalent to approximately U.S.$0.30 per unit
using a current U.S./Canadian exchange ratio of 0.88. For U.S. beneficial
holders, the U.S. dollar equivalent distribution will be based on the actual
U.S./Canadian exchange rate applied on the payment date and will be net of any
applicable Canadian withholding taxes.
This will be the first distribution since Penn West's merger with
Petrofund Energy Trust on June 30, 2006. Former Petrofund unitholders who hold
Penn West units on the record date are eligible to receive this distribution.

Penn West Energy Trust is a senior oil and natural gas energy trust based
in Calgary, Alberta that trades on the Toronto Stock Exchange under the symbol
PWT.UN and on the New York Stock Exchange under the symbol PWE.

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