CALGARY, ALBERTA, Nov 4, 2009 (Marketwire via COMTEX News Network) --

Daylight Resources Trust (TSX:DAY.UN)

MESSAGE TO UNITHOLDERS

Daylight Resources Trust ("Daylight" the "Trust" or the "Company") is pleased to report financial and operating results for the three and nine months ended September 30, 2009 ("Q3 2009" and "YTD 2009" respectively).

Record production volumes of 23,502 barrels of oil equivalent ("boe") per day highlight another strong quarter for Daylight representing year over year production growth of 8% which was net of approximately 2,500 boe per day shut-in during the period due to low natural gas prices. Daylight expects to return these shut-in volumes to production prior to the end of 2009 in conjunction with improved natural gas prices. In addition, Daylight elected to defer the majority of our Q3 2009 natural gas capital program to Q4 2009 with an expectation of improved prices. Increased production volumes delivered during Q3 2009 combined with stronger light oil, heavy oil and natural gas liquids ("NGLs") prices, reduced royalties and the continued strength of our hedging program resulted in a quarter over quarter increase in the Company's funds from operations to over $50 million. Daylight continues to benefit from our reliable operational results and high value hedging program, delivering a payout ratio of 58% for Q3 2009 and 54% YTD 2009. Based on our positive results and solid outlook, the Trust has declared that our distributions will continue at $0.08 per unit per month for Q4 2009.

During Q3 2009 Daylight announced the acquisition of Highpine Oil & Gas Limited ("Highpine"). This acquisition delivers on a number of strategic objectives of the Company: re-balancing our production base towards light oil, adding a strong future source of cash flow to fund growth operations on our resource play assets and providing Daylight with a significant land base in the exciting new Cardium oil resource play area of central Alberta. Including the addition of the Highpine assets, Daylight expects to meet our previously announced Q4 2009 production guidance of 38,000 boe per day.

The Highpine acquisition represents a significant milestone in Daylight's maturation from a suite of trust type assets to a growing intermediate sized producer. Daylight has expended considerable time and resources during the last three years accumulating and proving up multiple resource play assets in our core areas, focused on the premier Deep Basin gas producing region of Western Canada. The addition of a developing Cardium oil resource play in Pembina places Daylight at the forefront of emerging intermediate producers. After analyzing various restructuring options available to income trusts and considering our long-term growth oriented asset base, Daylight intends to propose to our unitholders the conversion of Daylight to a dividend paying corporation during 2010. The timing of the conversion is dependent upon a number of factors; however, we expect to propose conversion no later than May 2010 at our Annual General Meeting.

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