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Focus Energy Trust - FET.UN - TSX FET Resources Ltd. - FTX - TSX CALGARY, Jan. 3 /PRNewswire-FirstCall/ - FET Resources Ltd. and Focus Energy Trust announce the increase to the exchange ratio of the exchangeable shares of FET Resources Ltd. from 1.37265 to 1.37979. Such increase will be effective on January 16, 2006. The following are the details on the calculation of the exchange ratio: ------------------------------------------------------------------------- 10 day Weighted Average Effective Focus Trading Date of Energy Price of Increase the Exchange Record Date Trust FET.UN in Increase Ratio as of Focus Opening Distri- (Prior to Exchange in of Energy Trust Exchange bution the end of Ratio Exchange Effective Distribution Ratio per Unit the Month) (xx) Ratio Date ------------------------------------------------------------------------- December 31, 1.37265 $0.18 $25.2107 0.00714 January 1.37979 2005 16, 2006 ------------------------------------------------------------------------- (xx) The increase in the exchange ratio is calculated by dividing the Focus Energy Trust distribution per unit by the 10 day weighted average trading price of FET.UN. A holder of FET Resources Ltd. exchangeable shares can exchange all or a portion of their holdings at any time by giving notice to their investment advisor or Valiant Trust Company at its principal transfer office in Suite 310, 606 - 4th Street S.W., Calgary, Alberta, T2P 1T1. Their telephone number is (403) 233-2801. Focus Energy Trust FET Resources Ltd.