CALGARY, ALBERTA--(Marketwire - April 9, 2009) -

All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.

Provident Energy Trust (Provident) (TSX:PVE.UN) (NYSE:PVX) announces that its April cash distribution of $0.06 per unit is payable on May 15, 2009 and will be paid to unitholders of record as of April 22, 2009. The ex-distribution date will be April 20, 2009. The Trust's current annualized cash distribution rate is $0.72 per trust unit. Based on the current annualized cash distribution rate and the closing price on April 8, 2009 of $5.16, Provident's yield is approximately 14 percent.

For unitholders receiving their cash distribution in U.S. funds, the April 2009 cash distribution will be approximately US$0.05 per unit based on an exchange rate of 0.8095. The actual U.S. dollar cash distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Provident will announce its 2009 first quarter interim unaudited financial and operating results on May 7, 2009 after markets close. Provident will hold its Annual General Meeting (AGM) on Thursday May 7, 2009 at 3:00 p.m. MDT at the Petroleum Club, 319 - 5th Avenue S.W. Calgary, Alberta. The webcast presentation will be available at http://events.onlinebroadcasting.com/provident/050709/index.php. Attendees are required to register for the webcast, so please schedule time to connect to the website at least 10 minutes before the presentation start time. The webcast will also be available following the AGM and can be accessed via the Provident website at www.providentenergy.com.

Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas exploitation and production business and a natural gas liquids midstream services and marketing business. Provident's energy portfolio is located in some of the most stable and predictable producing regions in Western Canada. Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbols PVE.UN and PVX, respectively.

This document contains certain forward-looking statements concerning Provident, as well as other expectations, plans, goals, objectives, information or statements about future events, conditions, results of operations or performance that may constitute "forward-looking statements" or "forward-looking information" under applicable securities legislation.