Petrofund Energy Trust Announces Second Quarter 2006 Cash Distributions and Reaches $1 Billion Milestone in Cumulative Distributions

Market Wire, April, 2006

Petrofund Energy Trust (TSX:PTF.UN) (AMEX: PTF) announced today an April, 2006 cash distribution of C$0.20 per unit. Based on current commodity prices and market conditions, Petrofund expects to maintain the C$0.20 distribution for both the May and June distribution months. With April's distribution payment, Petrofund will surpass $1 billion of total cumulative distributions paid to unit holders. This milestone reflects the success of Petrofund's long term strategy to balance attractive distribution levels with a significant asset development program.

Over the long term, Petrofund distributes the majority of its cash flow to unitholders on a monthly basis, retaining a significant portion to fund drilling and development projects designed to improve the sustainability of future distributions. Petrofund paid out 51% of its cash flow in 2005, and 44% in the fourth quarter of 2005.

The applicable payable dates for each of the distribution periods are
 listed below:

------------------------------------------------------------------------
                                     Ex-Distribution
Distribution        Record Date(2)            Date(2)    Payable Date(2)
------------------------------------------------------------------------
C$0.20 per unit    April 13, 2006     April 11, 2006      April 28 2006
------------------------------------------------------------------------
C$0.20 per unit(3)   May 16, 2006       May 12, 2006       May 31, 2006
------------------------------------------------------------------------
C$0.20 per unit(3)  June 16, 2006      June 14, 2006      June 30, 2006
------------------------------------------------------------------------

1. Unless stated otherwise, the dates apply to Petrofund units traded
   on both the TSX and AMEX.
2. Anticipated dates for May and June. These dates are subject to change
   and/or confirmation by the exchanges and will be confirmed in the May
   and June distribution press releases.
3. These distributions reflect Petrofund's current expectation with
   regard to near term performance and are subject to change based on
   actual market conditions.

Registered unitholders will receive their distributions directly from our transfer agent. Those with US addresses are paid in US currency using the exchange rate in effect on the record date. Based on an exchange rate of C$1.1722/US$1.00, the April distribution would be US$0.1706 per unit (before deduction of withholding taxes). Non-registered unitholders will receive their distributions through their brokers.

Petrofund's 12-month aggregate trailing distributions (April 2006 inclusive) are C$2.11 per unit, which represents a cash-on-cash yield of 8.28% per year based on the closing price of C$25.47 per unit on the Toronto Stock Exchange on April 3, 2006.

Petrofund Energy Trust is a Calgary based royalty trust that acquires and manages producing oil and gas properties in Western Canada. The Trust pays its Unitholders monthly cash distributions that are derived from the Trust's cash flow from these properties. Petrofund Energy Trust was founded in 1988 and was one of the first oil and gas royalty trusts in Canada.

This news release may contain forward-looking statements relating to future events or future performance. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "projects", "plans", "anticipates" and similar expressions. These statements represent management's expectations or beliefs concerning, among other things, future operating results and various components thereof affecting the economic performance of the Trust. Undue reliance should not be placed on these forward-looking statements which are based upon management's assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed in the Trust's 2005 annual report, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted. The Trust undertakes no obligation to update or revise any forward looking financial statements, except as required by applicable securities laws.

PETROFUND ENERGY TRUST

Jeffery E. Errico
President and Chief Executive Officer

Contacts: Petrofund Energy Trust Investor Relations (403) 218-4736 or Toll Free: 1-866-318-1767 (403) 539-4300 (FAX) Email: Email Contact Website: www.petrofund.ca Petrofund Energy Trust Chris Dutcher Director, Business Development (403) 218-8625