Baytex Completes Asset Acquisition in Southwest Saskatchewan

CALGARY, ALBERTA, Jul 30 (MARKET WIRE) --
Baytex Energy Trust ("Baytex") (TSX: BTE.UN) (NYSE: BTE) is pleased to
announce completion of the previously announced acquisition of
predominantly heavy oil assets located in the Kerrobert and Coleville
areas of Southwest Saskatchewan, plus certain natural gas assets located
in the Ferrier area of west central Alberta.

Aggregate cash consideration for the acquisition was $86.2 million, net
of adjustments such as net operating income for the interim period from
May 1, 2009 to July 30, 2009 and prepaid items. Net operating income for
the interim period was approximately $7.6 million.

The acquired assets are expected to produce approximately 3,000 boe/d
(72% heavy oil and 28% natural gas) for the remainder of 2009. Proved
plus probable reserves (as evaluated by Baytex effective April 30, 2009)
are estimated to be approximately 10.2 million boe. The acquired assets
include approximately 47,700 net acres of developed land and 63,300 net
acres of undeveloped land in the greater Lloydminster area, where Baytex
already possesses significant operating infrastructure. We expect the
acquisition to be accretive to all material operating and financial
metrics.

Baytex is a conventional oil and gas income trust focused on maintaining
its production and asset base through internal property development and
delivering consistent returns to its unitholders. Baytex's trust units
are traded on the Toronto Stock Exchange under the symbol BTE.UN and on
the New York Stock Exchange under the symbol BTE.

Advisory Regarding Forward-Looking Statements

In the interest of providing Baytex's unitholders and potential investors
with information regarding Baytex, including management's assessment of
Baytex's future plans and operations, certain statements in this document
are "forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation (collectively, "forward-looking statements"). In some cases,
forward-looking statements can be identified by terminology such as
"anticipate", "believe", "continue", "could", "estimate", "expect",
"forecast", "intend", "may", "objective", "ongoing", "outlook",
"potential", "project", "plan", "should", "target", "would", "will" or
similar words suggesting future outcomes, events or performance. The
forward-looking statements contained in this document speak only as of
the date of this document and are expressly qualified by this cautionary
statement.

Specifically, this document contains forward-looking statements relating
to: production from the acquired assets for the remainder of 2009, the
proved plus probable reserves of the acquired assets, the accretion of
the asset acquisition, and other expectations, beliefs, plans, goals,
objectives, assumptions, information and statements about future events,
conditions, results of operations or performance. In addition,
information and statements relating to reserves are deemed to be
forward-looking statements, as they involve implied assessment, based on
certain estimates and assumptions, that the reserves described exist in
quantities predicted or estimated, and that the reserves can be
profitably produced in the future.

These forward-looking statements are based on certain key assumptions
regarding, among other things: oil and natural gas prices and
differentials between light, medium and heavy oil prices; well production
rates and reserve volumes; our ability to add production and reserves
through our exploration and development activities; capital expenditure
levels; the availability and cost of labour and other industry services;
the amount of future cash distributions that we intend to pay; interest
and foreign exchange rates; and the continuance of existing and, in
certain circumstances, proposed tax and royalty regimes. The reader is
cautioned that such assumptions, although considered reasonable by Baytex
at the time of preparation, may prove to be incorrect.

Actual results achieved during the forecast period will vary from the
information provided herein as a result of numerous known and unknown
risks and uncertainties and other factors. Such factors include, but are
not limited to: general economic, market and business conditions;
industry capacity; fluctuations in market prices for oil and natural gas;
liabilities inherent in oil and natural gas operations; uncertainties
associated with estimating oil and natural gas reserves; competition for,
among other things, capital, acquisitions of reserves, undeveloped lands
and skilled personnel; incorrect assessments of the value of
acquisitions; fluctuations in foreign exchange or interest rates; stock
market volatility and market valuations; geological, technical, drilling
and processing problems and other difficulties in producing petroleum
reserves; changes in income tax laws, royalty rates and incentive
programs relating to the oil and gas industry and income trusts; changes
in environmental and other regulations; risks associated with oil and gas
operations; and other factors, many of which are beyond the control of
Baytex. These risk factors are discussed in Baytex's Annual Information
Form, Form 40-F and Management's Discussion and Analysis for the year
ended December 31, 2008, as filed with Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission.

There is no representation by Baytex that actual results achieved during
the forecast period will be the same in whole or in part as those
forecast and Baytex does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities law.

Contacts:
Baytex Energy Trust
Anthony Marino
President & Chief Executive Officer
(403) 267-0708

Baytex Energy Trust
Derek Aylesworth
Chief Financial Officer
(403) 538-3639

Baytex Energy Trust
Cheryl Arsenault
Investor Relations Representative
(403) 267-0761

Baytex Energy Trust
Toll Free Number: 1-800-524-5521
Website: www.baytex.ab.ca

Copyright 2009, Market Wire, All rights reserved.

-0-