Penn West Confirms January Cash Distribution

Penn West Energy Trust confirmed that its January 2010 cash distribution will be C$0.15 per trust unit payable on February 12, 2010 to unitholders of record on January 29, 2010. The ex-distribution date is January 27, 2010.

The C$0.15 per unit is equivalent to approximately US $0.145 per unit (before deduction of any applicable Canadian withholding tax) using currency exchange of one Canadian dollar equals US $0.97. Registered unitholders with U.S. addresses will receive their distributions directly from Penn West's transfer agent, and will be paid in U.S. currency using the exchange rate in effect on the record date. Non-registered U.S. unitholders will receive their distributions through their brokers.



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