PrimeWest Energy Trust Announces Distribution Level for June 2004 and Outcome of Unitholder Meeting

PrimeWest Energy Trust Announces Distribution Level for June 2004
and Outcome of Unitholder Meeting
TSX: PWI.UN; PWX; NYSE: PWI 


CALGARY, May 10  /PRNewswire-FirstCall/ -- PrimeWest Energy Trust (PrimeWest)
today announces that the distribution payable June 15th, 2004 will be $0.25
Canadian per trust unit payable to all unitholders of record on May 21st, 2004.
The ex- distribution date will be May 19th, 2004.

Using a Canadian dollar to U.S. dollar exchange ratio of 1.37, this
distribution amount would be approximately U.S.$0.18. The actual U.S. dollar
equivalent distribution will be based upon the actual U.S./Canadian exchange
rate applied on the payment date net of applicable Canadian withholding taxes.

PrimeWest is also pleased to announce that at its Annual Meeting of unitholders
held May 6th, unitholders voted 98% in favor of an amendment to the Declaration
of Trust, which eliminates residency restriction provisions. PrimeWest now has
until January 1st, 2007 to develop alternatives to the proposed non-residency
requirement of the Canadian federal government budget. PrimeWest strongly
believes that a key element of its long-term strategy is continued access to
the North American capital markets.

PrimeWest is a Calgary-based conventional oil and gas royalty trust that
actively acquires, develops, produces, and sells natural gas, crude oil, and
natural gas liquids for the generation of monthly cash distributions to
unitholders. Trust units of PrimeWest are traded on the Toronto Stock Exchange
(TSX) under the symbol "PWI.UN" and on the New York Stock Exchange under the
symbol "PWI". Exchangeable shares of PrimeWest Energy Inc. are listed on the
TSX under the symbol "PWX".

Learn more about PrimeWest on our Web site, http://www.primewestenergy.com/. 

DATASOURCE: PrimeWest Energy Trust



CONTACT: For Investor Relations inquiries, please contact: George

Kesteven, Manager, Investor Relations, 403-699-7367, Cindy Gray, Investor

Relations Advisor, 403-699-7356; Toll-free: 1-877-968-7878, e-mail:

;

To request a free copy of this organization's annual report, please go to

http://www.newswire.ca/ and click on reports@cnw.

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