Maitland Makes Move to BoD at Paramount

Paramount Energy Trust (PET) reported the appointment of Robert A. Maitland to the Trust's Board of Directors, effective February 7, 2008. Mr. Maitland is a Chartered Accountant with 32 years of senior business experience, primarily in the oil and gas industry. He has in-depth knowledge of audit and corporate governance, and has recently completed the Institute of Corporate Directors - Director Education Program. We are confident that Mr. Maitland's past experience in management and administration, accounting, corporate finance, as well as his past legal, income tax and corporate secretarial responsibilities will be an asset to PET's Management, Board of Directors and Unitholders.