Enterra Energy Trust Updates Exchangeable Share Ratio.

CALGARY, Alberta -- The "Exchange ratio as of redemption date" in the table below should read 1.21445 (sted 1.21455). The corrected table is included in the corrected version of the release below.

The corrected release reads:

ENTERRA ENERGY TRUST UPDATES EXCHANGEABLE SHARE RATIO

Enterra Energy Trust (TSX: ENT.UN) (NYSE: ENT) updates the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares, effective on the redemption date of January 19, 2007 (the "Redemption Date"). The exchange ratio of 1.21445 is effective on January 19, 2007. The exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares on the Redemption Date is calculated as follows:

[TABLE OMITTED]

As previously advised, Enterra Energy Corp. exchangeable shares will be automatically redeemed on January 31, 2007. Holders of these exchangeable shares can exchange all or a portion of their holdings at any time prior to January 31, 2007 by giving notice to their investment advisor or Olympia Trust Company at its principal transfer office at Suite 2300, 125 - 9th Avenue SE, Calgary, Alberta T2G 0P6.

About Enterra: Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta. The Trust acquires, operates and exploits petroleum and natural gas assets principally in Alberta and British Columbia, Canada, and in Oklahoma and Wyoming, U.S.A.