PrimeWest Energy Trust announces a 10% increase in distribution level for September 2004

PrimeWest Energy Trust announces a 10% increase in distribution
level for September 2004 


CALGARY, Aug. 3  /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE: PWI) -
PrimeWest Energy Trust (PrimeWest) today announces that the distribution
payable September 15th, 2004 will be $0.275 Canadian per trust unit payable to
all unitholders of record on August 23rd, 2004. The ex-distribution date will
be August 19th, 2004.

Continued strength in oil and gas prices, higher production levels, a strong
balance sheet, and the expiry of a portion of the out-of-the-money hedges all
contributed to this increase of 10% in the distribution level.

Using a Canadian dollar to U.S. dollar exchange ratio of 1.32, this
distribution amount would be approximately U.S.$0.208 per unit. 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 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



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