Brompton Equal Weight Oil & Gas Income Fund Announces Filing Of Preliminary Prospectus.

TORONTO -- Brompton Energy Trust Management Limited is pleased to announce that Brompton Oil & Gas Income Fund has filed a preliminary prospectus in respect of an initial public offering of trust units.

The Fund is designed to provide unitholders with the opportunity to receive high levels of tax efficient monthly cash distributions by investing in an equally weighted diversified portfolio of oil and gas income trusts using a passive index-like investment approach and to receive the benefit of low management fees.

The Fund will invest in a portfolio, which will comprise an equal dollar amount of each oil and gas income trust listed on the TSX  having a float capitalization of at least $500 million. As at August 16, 2004, there were 19 qualifying income funds which represented approximately 90% of the float capitalization of the oil and gas income trusts listed on the TSX. As a result of the equal weight approach, each oil and gas income trust would constitute approximately 5.3% of the portfolio.

Prospective purchasers may purchase units either by cash payment or by an exchange of units of any oil and gas income trusts that are to be included in the portfolio, as described in the preliminary prospectus.

The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC World Markets Inc. and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, First Associates Investments Inc., Raymond James Ltd., Acadian Securities Incorporated, Newport Securities Inc., Research Capital Corporation and Wellington West Capital Inc.