PrimeWest Energy Trust announces distribution level for December 2004 CALGARY, Nov. 9 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; PWI.DB.A-T; PWI.DB.B-T; NYSE: PWI) - PrimeWest Energy Trust (PrimeWest) today announces that the distribution payable December 15th, 2004 will be $0.30 Canadian per trust unit payable to all unitholders of record on November 23rd, 2004. The ex- distribution date will be November 19th, 2004. Using a Canadian dollar to U.S. dollar exchange ratio of 1.19, this distribution amount would be approximately U.S.$0.25 per unit. 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". 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". Learn more about PrimeWest on our Web site, http://www.primewestenergy.com/. DATASOURCE: PrimeWest Energy Trust CONTACT: For Investor Relations inquiries, please contact George Kesteven, Manager, Investor Relations, (403) 699-7367; Diane Zuber, 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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