Pengrowth Names New Chairman

Pengrowth Corp., administrator of Pengrowth Energy Trust (collectively, "Pengrowth"), on Wednesday announced that John B. Zaozirny, formerly Vice Chairman and Lead Independent Director, has been appointed by the Board of Directors as the new Chairman of Pengrowth Corp.

Zaozirny joined the Corporation's Board of Directors in 1988. Zaozirny is Vice Chairman of Canaccord Capital Corporation and currently serves as a Director of a number of Canadian and international corporations. Zaozirny was Minister of Energy and Natural Resources for the Province of Alberta from 1982 to 1986.

Founded in 1988, Pengrowth Energy Trust is the third largest Canadian conventional oil and gas energy trust as measured by production. Pengrowth is traded on both the New York (PGH) and Toronto stock exchanges (PGF.UN), and has a current enterprise value of approximately $4.4 billion (CDN) and more than 600 team members who support its operations and activities. Pengrowth is recognized as a pioneer and leader in the Canadian energy trust sector.