Trident - Courts Approve Equity Commitment and Sale and Investor Solicitation Process

CALGARY, Alberta, February 26, 2010 - The following statement is being issued by Trident Resources Corp.
regarding the Trident bankruptcy.

Trident Resources Corp., Trident Exploration Corp. and their affiliates
(collectively, "Trident" or the "Company"), announced that on February 19,
2010, in conjunction with the ongoing restructuring proceedings under the
Companies' Creditors Arrangement Act (the "CCAA") in Canada and Chapter 11 of
the United States Bankruptcy Code in the United States, the Canadian Court
and the US Court (the "Courts") each approved a "back-stop" commitment letter
that provides for a US$200 million equity commitment, subject to a number of
conditions being met.

The Courts also approved a sale and investor solicitation process (the
"SISP") which provides the opportunity to invest in Trident or to acquire
some or all of the Trident assets and business. The SISP is being undertaken
under the supervision of FTI Consulting Canada ULC, the Court-appointed
Monitor in the CCAA proceedings. The terms of the SISP are available on the
Monitor's website at cfcanada.fticonsulting.com/trident.

Any party that wishes to participate in the SISP must contact William
Shaw (+1-212-403-5221, william.shaw@rothschild.com) or Marcelo Messer
(+1-212-403-3716 marcelo.messer@rothschild.com) of Rothschild Inc., financial
advisor to Trident. The deadline for letters of intent is March 31, 2010.

Advisory Regarding Forward Looking Statements

Certain statements contained in this press release, either stated or
implied, are forward-looking statements or information within the meaning of
applicable securities legislation, collectively referred to herein as
"forward-looking statements." Forward-looking statements in this release
include, but are not limited to, future economic and operating performance
including projections of operations growth, financial ratios, returns, free
cash flow, cash flow, operating netback, EBITDA and changes in net asset
value. Projections contained in the Company's forecasts and the anticipated
ability to meet those forecasts, the anticipated life of proved reserves, the
anticipated growth and success of resource plays including the expected
characteristics of resource plays, anticipated production of the Mannville
and Horseshoe Canyon CBM and Montney Shale Gas formations, anticipated 2010
and future year development plans, natural gas prices including basis
differentials for each play, the potential demand for natural gas,
anticipated costs and cost reductions, expectations to convert proved
undeveloped and probable reserves to proved developed reserves and the time
frame to do so, the number of future drilling locations and the number of
locations planned for development, facility capacity for the delivery of
natural gas in the development areas, anticipated future hedging positions
and inflationary assumptions involve assumptions and management estimates
that may differ from actual results and the difference may be material.
Readers are cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations on which they are based will occur. By their nature,
forward-looking statements involve numerous and often complex assumptions
with risks and uncertainties, both known and unknown, both general and
specific, that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will or will not occur or
will or will not occur in the time frame anticipated in the forward-looking
information. Readers are further cautioned that the foregoing list of
important factors and considerations is not exhaustive.

About Trident

Trident is an unconventional natural gas exploration and development
company principally focused on CBM in the Western Canadian Sedimentary Basin.
In Alberta, TRC is the leading producer of Mannville CBM natural gas in
Canada achieving and operating the first commercial Mannville CBM field at
Corbett Creek. In addition, TRC is a significant producer in the Horseshoe
Canyon CBM trend. From these two resources, Trident produces in excess of 100
million cubic feet per day of working interest natural gas. In addition, TRC
has recently achieved 1st production in the Montney shale gas play in British
Columbia. TRC has high-quality exploration holdings in both the Columbia
River and Snake River basins in the Northwest United States.

Todd A. Dillabough, Trident Resources Corp., +1-403-770-0333