Enercapita Makes 600 BOE/day Net Acquisition

Enercapita Energy Trust (“Enercapita”, the “Trust”) is pleased to announce the acquisition of a property with long life, low decline legacy production in East Central Alberta (“Acquisition”). Enercapita and a private junior oil and gas company have acquired 800 boe/d of production for cash consideration of $15.6 million. Enercapita's initial non operated working interest in the acquired assets is 75% which is approximately 600 boe/d net to the Trust. This is Enercapita’s first Acquisition and positions the Trust well with a low decline and stable production base. The assets were acquired at attractive metrics and generate significant free cash flow for Enercapita to expand and grow upon. Acquired production is 80% weighted to natural gas and the balance of the production is oil and liquids. Enercapita continues to believe that a unique opportunity exists to generate superior risk adjusted returns by aggregating a portfolio of high quality, low risk conventional energy assets. This Acquisition is consistent with Enercapita’s investment premise, with the following key attributes: - Long life, low risk production with majority of wells producing for over 20 years - Less than 10% production decline profile - Acquired for 3X cash flow [based on C$4.25 / GJ Aeco gas and C$105.00 WTI] - Hedged over 50% of production volumes - Low operating costs of less than $10.00/boe - Low royalty costs - Numerous low risk optimization opportunities identified to add production at low capital costs