POU Paramount Resources Ltd

Paramount Resources Ltd. (TSX:POU) ("Paramount") and Clayton H. Riddell,
Paramount's controlling shareholder, acquired, directly and indirectly,
ownership or control of an aggregate of 2,177,721 trust units of Trilogy Energy
Trust ("Trilogy") (representing approximately 2.2% of Trilogy's currently
outstanding trust units on an undiluted basis) since December 16, 2008 (the date
of the last Early Warning Report) through acquisitions under Trilogy's
Distribution Reinvestment Plan ("DRIP"). Paramount and Clayton H. Riddell
currently own or control in aggregate, directly and indirectly, 60,522,138 trust
units of Trilogy or approximately 61.6% of Trilogy's currently outstanding trust
units on an undiluted basis.


In addition to the foregoing, Clayton H. Riddell holds options to acquire
500,000 trust units of Trilogy, 20,000 of which have vested. The remaining
options vest between 2009 and 2013. If the 500,000 trust units underlying the
aforementioned options are included with the aggregate number of trust units of
Trilogy held by Clayton H. Riddell and Paramount, then Clayton H. Riddell and
Paramount would own or control an aggregate of 61,022,138 trust units of Trilogy
(representing approximately 61.8% of Trilogy's trust units as adjusted for
Clayton H. Riddell's options.)


Purchases under the DRIP were from Trilogy's treasury at a 5% discount to the
prevailing market price in accordance with the terms of the DRIP and were made
pursuant to the prospectus exemption for purchases under distribution
reinvestment plans in section 2.2 of National Instrument 45-106. Options were
granted pursuant to the terms of Trilogy's option plan.


The direct and indirect purchases and acquisitions by each of Paramount and
Clayton H. Riddell were made for investment purposes. Paramount and/or Clayton
H. Riddell may in the future increase or decrease their respective holdings in
Trilogy depending on market conditions or other relevant factors. This news
release is being issued pursuant to securities legislation in each province of
Canada and will be filed on the System for Electronic Document Analysis and
Retrieval ("SEDAR") with the report required under National Instrument 62-103.


Paramount is a Canadian oil and natural gas exploration, development and
production company with operations focused in Western Canada. Paramount's common
shares are listed on the Toronto Stock Exchange under the symbol "POU".

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