PrimeWest Energy Trust Announces Distribution Level for March 2005

    CALGARY, ALBERTA--(CCNMatthews - Feb. 7, 2005) - PrimeWest Energy Trust 
(TSX:PWI.UN) (TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (NYSE:PWI) 
(PrimeWest) today announces that the distribution payable March 15, 2005 
will be $0.30 Canadian per trust unit. Due to the President's Day 
holiday in the United States, the Ex-distribution Date will be Thursday, 
February 17, 2005 for US unitholders and Friday, February 18, 2005 for 
Canadian unitholders. The Record Date is Tuesday, February 22, 2005.

Using a US dollar to Canadian dollar exchange ratio of 1.256, this 
distribution amount would be approximately US$0.24 per unit. The actual 
US dollar equivalent distribution will be based upon the actual 
US/Canadian exchange rate applied on the payment date net of applicable 
Canadian withholding taxes.

PrimeWest is a Calgary-based conventional oil and gas royalty trust that 
actively acquires, develops, produces, and sells natural gas, crude oil, 
and natural gas liquids for the generation of monthly cash distributions 
to unitholders. Trust units of PrimeWest are traded on the Toronto Stock 
Exchange (TSX) under the symbol "PWI.UN" and on the New York Stock 
Exchange under the symbol "PWI". Exchangeable shares of PrimeWest Energy 
Inc. are listed on the TSX under the symbol "PWX". Five-year convertible 
debentures of PrimeWest trade on the TSX under the symbol "PWI.DB.A" and 
the seven-year convertible debentures trade under the symbol "PWI.DB.B".

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