Petrofund Energy Trust Announces Clarification in Dates and Withholding Tax Associated with Second Quarter 2006 Distributions

Petrofund Energy Trust (TSX:PTF.UN) (AMEX: PTF) announces clarification in the relevant dates for the April, May and June 2006 distributions which was announced in a press release issued April 4, 2006. The payable and record dates are not subject to change as stated in the footnote to the table in the press release. These dates have been determined in accordance with the Trust Indenture and will not change. Only the ex-distribution dates for May and June are subject to change and/or confirmation by the exchanges.

Upon request of the AMEX, Petrofund Energy Trust would also like to clarify that the longstanding withholding tax payable on distributions to U.S. unitholders that are individuals is set at 15%.

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