Penn West Energy Trust Confirms February Cash Distribution

Penn West Energy Trust confirms that its February 2008 cash distribution will be CDN$0.34 per trust unit payable on March 14, 2008 to unitholders of record on February 29, 2008. The ex-distribution date is February 27, 2008.

The CDN$0.34 per unit is equivalent to approximately US$0.34 per unit (before deduction of any applicable Canadian withholding tax), using a current currency exchange of one Canadian dollar equals one U.S. dollar. Registered unitholders with U.S. addresses will receive their distributions directly from our 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.