COO Ostrom Climate Solutions Inc

Parallel Energy Trust  (TSX:PLT.UN) (TSX:PLT.DB) ("Parallel" or the "Trust")
confirms that its cash distribution to be paid on January 23, 2014, in respect
of the period from and including December 1, 2013 to December 31, 2013, to
unitholders of record on December 31, 2013 will be $0.05 per trust unit. The
ex-distribution date is December 27, 2013. 


Parallel is also pleased to announce the appointment of Tony Swindell as Chief
Operating Officer ("COO") of the Trust. Tony has held the position of Vice
President, Mid-Continent of Parallel since April 2012. Prior to that, Tony held
several senior positions with oil and gas companies in the mid-continent U.S.
Tony has over 26 years of industry experience and is currently responsible for
managing Parallel's operating group based out of the Trust's U.S. office in
Tulsa, Oklahoma. 


"Tony's leadership and experience have been instrumental to the Trust's recent
operational successes and I am happy to announce his appointment as Parallel's
Chief Operating Officer," said Rick Alexander, Parallel's President and CEO.
"Tony has an extensive history of managing assets in the mid-continent U.S. and
he has consistently demonstrated our team's ability to achieve our production
and operational goals. Tony has also played a key role in attracting and
retaining our skilled group of employees in the U.S. and we congratulate him on
his COO designation."


ABOUT PARALLEL ENERGY TRUST 

Parallel's objectives are to create stable, consistent returns for investors
through the acquisition and development of conventional oil and natural gas
reserves and production with unexploited low risk potential in certain regions
of the United States, and to pay out a portion of available cash to holders of
trust units on a monthly basis. The trust units of Parallel are listed on the
Toronto Stock Exchange ("TSX") under the symbol "PLT.UN" and the debentures are
listed on the TSX under the symbol "PLT.DB". 


Parallel is a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax
Act"). The Trust will not be a "SIFT trust" (as defined in the Tax Act),
provided that the Trust complies at all times with its investment restriction
which precludes the Trust from holding any "non-portfolio property" (as defined
in the Tax Act). Further information relating to Parallel is set out in
Parallel's annual information form dated March 25, 2013, which may be obtained
on the SEDAR website at www.sedar.com under Parallel's profile.


Forward-Looking Information 

This news release contains forward-looking information that involves substantial
known and unknown risks and uncertainties, most of which are beyond the control
of Parallel, including, without limitation, those listed under "Risk Factors" in
Parallel's annual information form dated March 25, 2013 (collectively,
"forward-looking information"). Forward-looking information in this news release
includes, but is not limited to, Parallel's objectives and status as a mutual
fund trust and not a SIFT trust. Parallel cautions investors in Parallel's
securities about important factors that could cause Parallel's actual results to
differ materially from those projected in any forward-looking statements
included in this news release. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives, assumptions or
future events or performance are not historical facts and may be forward-looking
and may involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in such
forward-looking statements. No assurance can be given that the expectations set
out in Parallel's final prospectus or herein will prove to be correct and
accordingly, prospective investors should not place undue reliance on these
forward-looking statements. These statements speak only as of the date of this
press release and Parallel does not assume any obligation to update or revise
them to reflect new events or circumstances. 


In this news release, Parallel and its subsidiaries are referred to collectively
as the "Trust" or "Parallel" for purposes of convenience. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Parallel Energy Trust
Curtis Pelletier
Manager, Investor Relations
403-781-7888 or Toll-Free: 1-855-781-7888
investor@parallelenergy.ca

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