Zargon Energy Trust Confirms November 2009 Cash Distribution

Mon Nov 16, 2:36 PM

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2009) - Zargon Energy Trust (TSX: ZAR-UN.TO) (TSX: ZOG-B.TO) ("Zargon") confirms that the monthly cash distribution for the month of November in the amount of Cdn. $0.18 per trust unit will be paid on December 15, 2009 to unitholders of record on November 30, 2009. The ex-distribution date is November 26, 2009.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 23.093 million trust units (ZAR.UN) and 1.785 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the November 16, 2009 revised exchange ratio there would be a total of 25.987 million trust units outstanding.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contacts

C.H. Hansen
Zargon Energy Trust
President and Chief Executive Officer
(403) 264-9992

Executive Vice President and Chief Financial Officer
B.C. Heagy
(403) 264-9992
zargon@zargon.ca
www.zargon.ca