Provident Announces Senior Management Change

CALGARY, ALBERTA, Jun 01 (MARKET WIRE) --
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) announced
today that David I. Holm, Executive Vice President, Strategy, Finance,
Business Development and Corporate Secretary, has resigned from the
company, effective June 30, 2009, to pursue other business interests.
Provident would like to thank David for his valued contribution over the
past three and one-half years and wishes him well in his future endeavors.

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. Such statements or information involve substantial known and
unknown risks and uncertainties, certain of which are beyond Provident's
control, including the impact of general economic conditions in Canada
and the United States, industry conditions, changes in laws and
regulations including the adoption of new environmental laws and
regulations and changes in how they are interpreted and enforced,
increased competition, the lack of availability of qualified personnel or
management, pipeline design and construction, fluctuations in commodity
prices, foreign exchange or interest rates, stock market volatility and
obtaining required approvals of regulatory authorities.

Such forward-looking statements or information are based on a number of
assumptions which may prove to be incorrect. In addition to other
assumptions identified in this news release, assumptions have been made
regarding, among other things, commodity prices, operating conditions,
capital and other expenditures, and project development activities.

Although Provident believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue reliance
should not be placed on forward-looking statements because Provident can
give no assurance that such expectations will prove to be correct.
Forward-looking statements or information are based on current
expectations, estimates and projections that involve a number of risks
and uncertainties which could cause actual results to differ materially
from those anticipated by Provident and described in the forward-looking
statements or information.

The forward-looking statements or information contained in this news
release are made as of the date hereof and Provident undertakes no
obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise unless so required by applicable securities laws. The
forward-looking statements or information contained in this news release
are expressly qualified by this cautionary statement.

Contacts:
Provident Energy Trust
Investor and Media Contact:
Dallas McConnell
Director, Investor Relations & Communications
Phone: (403) 231-6710
Email: info@providentenergy.com

Corporate Head Office:
2100, 250 - 2nd Street SW
Calgary, Alberta T2P 0C1
(403) 296-2233 or Toll Free: 1-800-587-6299
(403) 264-5820 (FAX)
Website: www.providentenergy.com

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