Primewest Energy Trust Announces Distribution Level for January, 2004 CALGARY, Dec. 11 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE: PWI) - PrimeWest Energy Trust (PrimeWest) today announces that the distribution payable January 15th, 2004 will be $0.32 Canadian per trust unit payable to all unitholders of record on December 22nd, 2003. The ex-distribution date will be December 18th, 2003. Using a U.S. dollar to Canadian dollar exchange ratio of 1.3263, this distribution amount would be approximately U.S.$0.24. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./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". Learn more about PrimeWest on our Web site, http://www.primewestenergy.com/. DATASOURCE: PrimeWest Energy Trust CONTACT: George Kesteven, Manager, Investor Relations, 403-699-7367, Cindy Gray, Investor Relations Advisor, 403-699-7356, Toll-free: 1-877-968-7878, e-mail: ; To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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