Trident Resources Completes Private Financings

Trident Resources Corp. (TRC), a leader in the exploration and development of coal bed methane resources in Canada, has recently completed a series of private debt and equity financings for aggregate gross proceeds of approximately $500 million.

During the months of March, April and May 2005, TRC completed the sale of shares of common stock and units (each unit consisting of one share of series A cumulative preferred stock and one warrant to purchase one share of common stock) for total gross proceeds of approximately $280 million, pursuant to an agency agreement with TD Securities Inc. and Credit Suisse First Boston.

Trident Exploration Corp. (TEC), a subsidiary of TRC, completed in April 2005 an institutional term loan debt financing to a syndicate of US-based institutional investors in the amount of $215 million, with an option for TEC to obtain an additional $30 million on or prior to December 31, 2005. The funds will be used to finance the current drilling program of TEC as well as for general corporate purposes. Credit Suisse First Boston Toronto Branch acted as the collateral agent and administrative agent for the syndicate of lenders, TD Securities (USA) LLC acted as the syndication agent, and Credit Suisse First Boston Toronto Branch and TD Securities (USA) LLC acted as joint bookrunners and joint lead arrangers.

In the equity transaction, TRC was represented in Canada by Brock Gibson, John Eamon and Janan Paskaran (securities), and Wally Shaw, Ron Mar, Wanda Rumball and Edmund Gill (tax) of Blake, Cassels & Graydon LLP, and by Jeffrey Blucher (corporate) of McInnes Cooper; and in the US by Richard Grey, Gustav Eriksson and Ramey Barnett (securities) and Greg Riddle (tax) of Orrick, Herrington & Sutcliffe LLP.

The agents were represented in Canada by Kent Kufeldt and Kathy Krug (securities) and Harold Jacques and Dion Legge (tax) of Macleod Dixon LLP, and in the US by Andrew Foley, Marilyn Sobel and Marc Miller (securities) and David Sicular and John Harrell (tax) of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

In the debt transaction, TEC was represented in Canada by Brock Gibson, John Eamon and Janan Paskaran (corporate and banking) and Edmund Gill (tax) of Blakes, and Jeffrey Blucher (corporate) of McInnes Cooper; and in the US by Richard Grey and Gustav Eriksson (corporate

and banking) and Greg Riddle (tax) of Orrick, Herrington & Sutcliffe.
The agent was represented in Canada by Howard MacKichan and Gary Rose (corporate and banking) of Macleod Dixon, and in the US by David Bleich, Cissie Abraham and Rickie Sonpal (corporate and banking) of Shearman & Sterling LLP.