OVERLAND PARK, Kan. - October 27, 2006 - Tortoise North American Energy Corp. (NYSE: TYN) announced the release of its 2006 third quarter report to stockholders.

The report is available online at www.tortoiseadvisors.com. Stockholders can also request a copy of the report by calling (913) 322-5832.

Tortoise Capital Advisors' Managing Directors Kevin Birzer, Zachary Hamel, Kenneth Malvey, Terry Matlack and David Schulte will host a conference call for the investment community to discuss recent MLP market conditions and the company's financial and operating performance on Nov. 14, 2006, at 4:15 p.m. ET.

To access the call, please dial either (800) 218-0204 (U.S./Canada) or (303) 262-2140 (International) approximately five to 10 minutes prior to the scheduled starting time.

The call will be webcast in a listen-only format at www.tortoiseadvisors.com where supplemental information related to the call will also be available. A transcript of the call will be posted on the site on or before Nov. 18, 2006.

A replay of the call will also be available beginning at 5:15 p.m. CT Nov. 14, 2006 and continuing until Nov. 29, 2006 12 a.m. ET, by dialing (800) 405-2236 (U.S./Canada) or (303) 590-3000 (International). The replay passcode is 11072726#. A replay of the webcast will also be available on Tortoise Capital Advisor's Web site through Nov. 14, 2007.

About Tortoise North American Energy Corp.

Tortoise North American Energy Corp. invests in a portfolio consisting primarily of publicly traded Canadian royalty trusts and income trusts (collectively, RITs) and publicly traded United States master limited partnerships (MLPs) with an emphasis on the midstream and downstream North American energy sector. Tortoise North American Energy Corp.'s goal is to provide its stockholders with a high level of total return with an emphasis on current dividends.

About Tortoise Capital Advisors

Tortoise Capital Advisors, LLC, the adviser to Tortoise North American Energy Corp., is a pioneer in capital markets for master limited partnership (MLP) investment companies and a leader in closed-end funds and separately managed accounts focused on MLPs in the energy infrastructure sector. As of August 31, 2006, the adviser had approximately $1.9 billion of energy infrastructure investment assets under management. For more information, visit our Web site at www.tortoiseadvisors.com.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Contact information:
Tortoise Capital Advisors, LLC Pam Kearney, Investor Relations, (913) 322-5839, pkearney@tortoiseadvisors.com