PrimeWest Energy Trust Announces Distribution Level CALGARY, Nov. 17 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE: PWI) - PrimeWest Energy Trust (PrimeWest) today announces a cash distribution of 32 cents Canadian per trust unit payable on December 15th, 2003, to all unitholders of record on November 28th, 2003. As the U.S. Thanksgiving Day holiday falls on Thursday, November 27th, 2003, the ex-distribution date for the New York Stock Exchange (NYSE) will be Tuesday, November 25th, 2003 and the ex-distribution date for the Toronto Stock Exchange (TSX) will be Wednesday, November 26th, 2003. Eligible unitholders are reminded they may now elect to participate in the Premium Distribution (PREP) Component of the Distribution Reinvestment Plan (DRIP) beginning with the December 15, 2003 distribution payment. Unitholders who hold units through a nominee such as a broker or custodian may participate in the Plan by contacting their nominee to request enrolment in the Plan no later than November 26th, 2003. Registered unitholders must fax or otherwise deliver a completed form to the ComputerShare Trust Company of Canada at the number or address noted on the enrolment forms prior to the record date of November 28th, 2003. Commencing in December 2003, the record date and ex-distribution dates will change to accommodate the new Premium Distribution (PREP) component of the Distribution Reinvestment (DRIP) Plan. The ex-distribution date for the January 15th, 2004 distribution payment will be Thursday, December 18th, 2003 and the record date will be Monday, December 22nd, 2003. 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 and trade 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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