The information contained herein is based on the Trust's understanding of the Canadian Income Tax Act and is provided for general information only. Unitholders are advised to consult their personal tax advisors with respect to their particular circumstances.

2005 Distributions

Distributions declared by Crescent Point to Canadian unitholders in the 2005 taxation year are 87% taxable and 13% return of capital (tax deferred).

The information contained herein is based on the Trust's understanding of the Canadian Income Tax Act and is provided for general information only. Unitholders are advised to consult their personal tax advisors with respect to their particular circumstances.

FOR CANADIAN TAXPAYERS

The following table outlines the breakdown of the cash distributions per unit paid or payable by Crescent Point Energy Trust with respect to the record dates from January 31, 2005 to December 31, 2005 for Canadian income tax purposes.

Units held within an RRSP, RRIF, or DPSP

No amount should be reported on the 2005 individual Income Tax Return ("T1") in respect of trust units held in a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or Deferred Profit Sharing Plan (DPSP).

Units held outside an RRSP, RRIF, or DPSP

Registered unitholders who held trust units outside an RRSP, RRIF, or DPSP will receive a T3 Supplementary Slip for 2005 ("T3") from our transfer agent, Olympia Trust Company, on or before March 31, 2006. Individual unitholders must report the taxable portion of such distributions in their 2005 T1. Unitholders who held units through intermediaries such as investment advisers will be issued T3s from those intermediaries on or before March 31, 2006. Adjusted Cost Base Reduction

The Adjusted Cost Base ("ACB") is used in calculating capital gains or losses on the disposition of trust units held as capital property by a unitholder. The ACB of each trust unit is reduced by the portion of distributions considered a return of capital.

FOR U.S. RESIDENTS

The following information is provided for general information only. Investors are encouraged to seek advice from a qualified tax advisor in their country of residence to obtain guidance with respect to the appropriate tax treatment of their distributions.

We believe that we are a corporation for United States federal income tax purposes, and as a result, a distribution that we make on a unit is treated as a dividend for United States federal income tax purposes. This treatment of our distributions is based on the fact that we have not determined, and do not intend to determine, our current or accumulated earnings and profits. In the absence of such information, we believe that a United States person should report our distributions as fully subject to United States federal income tax. We believe such distributions should be considered "qualified dividends" for purposes of United States income taxation. Such a dividend would be taxed by the United States at a maximum rate of 15 percent if such dividend meets certain holding period requirements of the United States Internal Revenue Code.

Any United States income tax that is payable in respect of a distribution on our units will be reduced by a credit for the 15 percent Canadian withholding tax. Any credit is subject to certain generally applicable limitations imposed by the Internal Revenue Code. Such Canadian withholding taxes cannot be used as a credit against such federal income taxes if such taxes can be recovered from Canada as an overpayment.

The information in this release is not intended to be an exhaustive discussion of all possible income tax consequences but a general guideline. It is not intended to be legal or tax advice to any particular holder or potential holder of Trust units. The holders or potential holders of Trust units should consult their own tax advisors as to their particular tax consequences and reporting obligations.