2009-10-28-2009-10-06

Entered farm-in for Kindersley area of SW Saskatchewan on 1,000 acres targeting Viking formation.

Pengrowth Corp., administrator of Pengrowth Energy Trust, Calgary, (Toronto: PGF-UN NYSE: PGH) plans to acquire assets in the Horn River Basin shale gas play in northeastern British Columbia from an undisclosed seller for C$11 million. Pengrowth will acquire 28,842 acres (approximately 43 net sections) of undeveloped land for C$9 million and pay the vendor C$2 million for its interest in a standing cased well bore. The deal includes prospects in both the Muskwa and Evie shale deposits. Pengrowth will have a 10% interest in the Dilly Creek block and a 100% interest in Moss Creek and in the Gunnell Creek lands, where Pengrowth participated in the a-87-C 94-P-4 well, encountering approximately 50 meters of gas-bearing Evie shale. The acquired lands will complement Pengrowth's existing interests in the central part of the Horn River Basin. Pengrowth's lands are near the Spectra Fort Nelson plant, the Spectra pipeline and the proposed EnCana cabin facility. Pro forma, Pengrowth will hold 73,147 net acres (approximately 113 net sections), the ninth largest acreage position in the Horn River Basin. Pengrowth president and chief executive Derek Evans says, "Pengrowth's increased operated presence in a highly attractive emerging shale gas play is consistent with the trust's strategy of pursuing resource plays with the potential of achieving predictable, repeatable and scalable results."