November 16, 2006

True has announced the suspension of its Premium Distribution™, Distribution Reinvestment and Optional Trust Unit Purchase Plan (the "Plan"), commencing with the distribution to be paid December 15, 2006. Under the terms of the Plan, the Trust has the right to determine on or before each monthly distribution record date, the amount of equity, if any, that will be made available under the Plan on the next distribution payment date. Accordingly, no equity will be made available to Unitholders for reinvestment under the Plan until further notice. The Trust may, at its discretion, elect to reinstitute the distribution of equity under the Plan in the future. While the Plan is suspended, former participants will receive regular cash distributions.

This Premium Distribution™, Distribution Reinvestment and Optional Trust Unit Purchase Plan provides eligible True Energy Trust unitholders the opportunity to reinvest distributions paid on their units towards the purchase of new units at a 5% discount to the average market price on the applicable distribution payment date. Under the distribution reinvestment component of the plan, the new units purchased are held under the plan for the account of participating unitholders. Under the Premium distribution™ component of the plan, the new units purchased are exchanged for a cash payment equal to 102% of the reinvested distributions on the applicable distribution payment date, which is paid to participating unitholders.

Eligible unitholders who are enrolled in either the distribution reinvestment component or the Premium Distribution™ component of the Plan may also make optional cash payments towards the purchase of new units at the average market price (with no discount) on the applicable distribution payment date.