TEC TD Global Technology Leaders Index ETF

Trident Resources Corp. ("Trident") announces that it has successfully
reorganized its Canadian operations and disposed of 10% of those operations for
gross proceeds of $107 million. Trident also announces the completion of a $95
million secured debt financing that, coupled with the disposition proceeds was
used to repay its existing secured lending facilities in full and for working
capital purposes.


Reorganization

Under the reorganization of Trident's Canadian operations, Trident Exploration
Corp. ("TEC"), Trident's Canadian operating subsidiary prior to the
reorganization, contributed all of its operating assets and working capital to a
newly formed limited partnership, Trident Limited Partnership ("TLP"), and all
of its long-term debt obligations to NRL Energy Investments Ltd. ("NRL"), a
sister company of TEC and wholly-owned subsidiary of Trident. NRL became a
limited partner holding 90% of the issued and outstanding limited partnership
units of TLP, with the remaining 10% of the issued and outstanding limited
partnership units of TLP being held by TEC. Trident Exploration (Alberta) Corp.,
a wholly-owned subsidiary of NRL, is the general and managing partner of TLP and
holds a nominal unit ownership position.


Disposition

Post-reorganization, TEC, along with 1808039 Alberta Ltd. ("1808039"), a
wholly-owned non-operating subsidiary of Trident, were sold to an unrelated
third party for gross proceeds of $107 million. At the time of the sale, TEC's
only asset was a 10% interest in TLP and 1808039's only asset was an
intercompany note receivable from TEC. Of the proceeds from the sale, $15.2
million is currently being held in escrow subject to certain release conditions
including confirmation of TEC obligations being transferred to TLP and purchase
price adjustments, if any, to be determined within 18 months of the sale.


Financing

Concurrently with completion of the transactions described above, NRL obtained a
$95 million secured debt facility from a syndication of banks. The proceeds of
this financing, along with the proceeds from the disposition of TEC and 1808039,
were used to fully repay Trident's long-term secured lending facilities and for
working capital purposes.


Immediately following completion of these transactions, and excluding amounts
held in escrow, Trident's long term debt position net of cash has been reduced
by approximately $87 million. In addition, Trident's liquidity position has
improved to approximately $50 million of undrawn credit and cash on hand.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Trident Resources Corp.
Todd Dillabough
President, CEO & COO
403-770-0333


Trident Resources Corp.
Alan Withey
Chief Financial Officer
403-770-0333
www.tridentexploration.ca

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