A Model for Sustainability

Baytex Energy Trust is a Calgary, Alberta based conventional oil and gas trust engaged in the acquisition, development and production of oil and natural gas in the Western Canadian Sedimentary Basin. The trust also has an emerging presence in the United States. With changes to trust taxation laws in Canada set to take effect January 1, 2011, Baytex's current plan is to convert to a corporation, executing a growth-and-income model by the end of 2010. Baytex is committed to maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Trust units of Baytex are traded on the Toronto Stock Exchange under the symbol BTE.UN and on the New York Stock Exchange under the symbol BTE.