Eagle Energy Trust announces updated guidance for 2015: •A 16% reduction in its 2015 capital budget for United States operations to $US 9.9 million (previously $US 11.8 million) and an unchanged maintenance capital budget for Canadian operations of $1.4 million. •Production guidance maintained at 2,950 to 3,150 barrels of oil equivalent per day (boe/d). •Funds flow from operations guidance maintained at $29.5 million (based on a lower $US 60.00 WTI oil price and a $1.25 FX rate). •Distribution unchanged at $0.03 per unit per month ($0.36 per unit annualized) resulting in a reduced corporate payout ratio of 88%. •Continued balance sheet strength, with December 31, 2015 ending debt to trailing cash flow expected to be approximately 1.2 times (previously 1.4 times) •An expanded $US 95.0 million credit facility that incorporates Eagle's December 2014 acquisition of its Dixonville properties in north central Alberta. At present, net debt, denominated in Canadian dollars, is approximately $37 million.

Richard Clark, Eagle's President and Chief Executive Officer added, "As I stated in our original budget release in December, a key focus for Eagle is balance sheet strength. Our ability to be nimble in timing our capital program, as well as achieving cost savings through active negotiations with our suppliers, underpins our goal to operate a sustainable business. In addition, the expansion of our credit facility affords us some dry powder for future growth as accretive opportunities become available."

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