Eagle Energy Trust provide an operational update of its subsidiary Eagle Energy Acquisitions LP (Eagle), including Eagle's 2013 capital program, production guidance and operating cost budget, as well as benchmark calculations and commentary regarding the sustainability of its distributions.

This press release contains statements that are forward looking. Investors should read the "Note Regarding Forward-Looking Statements" at the end of this press release. Figures within this press release are presented in Canadian dollars unless otherwise indicated.

2012 Exit Rate Guidance Achieved

Eagle's current working interest production is 3,300 barrels of oil equivalent per day ("boe/d"). With 2012 exit production guidance having been met, Eagle is well positioned to achieve 2013 production targets.

Eagle also maintains its full year 2012 guidance previously provided to the market, that being average production of approximately 2,700 boe/d, funds flow from operations of approximately $37.0 million (assuming $US 88.00 WTI, natural gas $US 2.90 NYMEX and 2012 average working interest production of 2,700 boe/d), a basic payout ratio of approximately 70%, average operating costs of approximately $15.00 per boe, capital expenditures of approximately $43.0 million and a 2012 exit debt to trailing cash flow ratio of approximately 1.0x.

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