CALGARY, Dec. 6 /PRNewswire-FirstCall/ -- (CNE.UN - TSX; CNE - NYSE)- Canetic Resources Trust ("Canetic") wishes to inform unitholders that it intends to suspend operation of its existing distribution reinvestment plan ("DRIP") effective December 19, 2007 such that any distributions paid by Canetic following the December 14, 2007 distribution will not be eligible for reinvestment under Canetic's DRIP. The Optional Cash Purchase feature of Canetic's DRIP is suspended effective immediately. If the announced combination of Penn West Energy Trust and Canetic is completed as planned, the Canetic DRIP will be terminated on the effective date of the combination. Canetic is one of Canada's largest oil and gas royalty trusts. Canetic trust units and debentures are listed on the Toronto Stock Exchange under the symbols CNE.UN, CNE.DB.A, CNE.DB.B, CNE.DB.C, CNE.DB.D, and CNE.DB.E and the trust units are listed on the New York Stock Exchange under the symbol CNE. For further information, please see the website at http://www.canetictrust.com/ or contact Canetic investor relations by email at: or toll free telephone at 1-877-539-6300. ADVISORY: Certain information regarding Canetic Resources Trust including management's assessment of exchange rates, Canadian withholding taxes and Canetic's distribution policy may constitute forward-looking statements under applicable securities law and necessarily involve risks, including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, ability to access sufficient capital from internal and external sources; failure to obtain required regulatory approvals, changes in legislation, including but not limited to tax laws and environmental regulations. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Canetic's operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (http://www.sedar.com/), the SEC's website (http://www.sec.gov/) or at Canetic's website (http://www.canetictrust.com/). DATASOURCE: Canetic Resources Trust CONTACT: Investor Relations, (403) 539-6300, Toll Free - 1-877-539-6300, , http://www.canetictrust.com/

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