Market Overview

Enduro Royalty Trust Announces Monthly Cash Distribution

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Enduro Royalty Trust (NYSE:NDRO) (the "Trust") today announced a cash
distribution to the holders of its units of beneficial interest of
$0.040901 per unit, payable on April 14, 2017 to unitholders of record
on March 31, 2017. The distribution primarily represents oil production
during the month of December 2016 and natural gas production during
November 2016.

The following table displays underlying oil and natural gas sales
volumes and average received wellhead prices attributable to the current
and prior month net profits interest calculations.

       
Underlying Sales Volumes Average Price
Oil     Natural Gas Oil     Natural Gas
Bbls     Bbls/D Mcf     Mcf/D (per Bbl)   (per Mcf)
Current Month 74,925 2,417 308,189   10,273 $ 51.25 $ 2.50
Prior Month 60,632 2,021 471,853 15,221 $ 42.85 $ 2.61
 

Oil cash receipts for the properties underlying the Trust totaled $3.8
million for the current month, an increase of $1.2 million from the
prior month calculation. The increase in the current month is primarily
due to multiple months of payments on 3 wells in the Permian Basin, 2 of
which reached payout in mid-2013, for which Enduro Resource Partners
("Enduro"), the sponsor of the Trust, was not previously being paid by
the operator. Oil cash receipts from these wells totaled $0.8 million,
representing over 4 years of revenues, and oil volumes totaled
approximately 12,100 Bbls for the same period. Excluding the multiple
months of receipts for these wells, oil cash receipts and volumes would
have been $3.0 million and approximately 62,800 Bbls (2,025 Bbls/D),
respectively, for the current distribution period. Further, the average
received wellhead price would have been $48.46 per Bbl, as the payments
from several years at higher NYMEX prices increased the average received
oil wellhead price reflected in the table above.

Natural gas cash receipts decreased from $1.2 million in the prior
distribution period to $0.8 million in the current month as a result of
payment timing differences. As previously disclosed, the previous
month's cash receipts were higher than normal due to multiple months of
payments from an operator in the East Texas-North Louisiana area that
positively impacted the prior month's distribution period. Natural gas
receipts in the prior month's distribution period included 3 months of
gas receipts from this operator, totaling approximately $0.5 million and
210,000 Mcf.

Total direct operating expenses, including lease operating expenses,
production and ad valorem taxes, and gathering and transportation
expenses, decreased $0.4 million to $2.5 million, primarily due to a
$0.4 million decrease in lease operating expenses. As previously
disclosed, the prior month's lease operating expenses included a $0.3
million adjustment from an operator related to two years of allocated
expenses that had not been previously billed. Capital expenditures were
$0.4 million during the current month. Total direct operating expenses
and capital expenditures relate to expenses incurred during January 2017.

About Enduro Royalty Trust

Enduro Royalty Trust is a Delaware statutory trust formed by Enduro
Resource Partners to own a net profits interest representing the right
to receive 80% of the net profits from the sale of oil and natural gas
production from certain of Enduro Resource Partners' properties in the
states of Texas, Louisiana and New Mexico. As described in the Trust's
filings with the Securities and Exchange Commission, the amount of the
periodic distributions is expected to fluctuate, depending on the
proceeds received by the Trust as a result of actual production volumes,
oil and gas prices, the amount and timing of capital expenditures, and
the Trust's administrative expenses, among other factors. Future
distributions are expected to be made on a monthly basis. For additional
information on the Trust, please visit www.enduroroyaltytrust.com.

Forward-Looking Statements and Cautionary Statements

This press release contains statements that are "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange
Act of 1934, as amended. All statements contained in this press release,
other than statements of historical facts, are "forward-looking
statements" for purposes of these provisions. These forward-looking
statements include the amount and date of any anticipated distribution
to unitholders and expected expenses, including capital expenditures.
The anticipated distribution is based, in large part, on the amount of
cash received or expected to be received by the Trust from Enduro
Resource Partners with respect to the relevant period. The amount of
such cash received or expected to be received by the Trust (and its
ability to pay distributions) has been and will be significantly and
negatively affected by prevailing low commodity prices, which have
declined significantly, could decline further and could remain low for
an extended period of time. Other important factors that could cause
actual results to differ materially include expenses of the Trust and
reserves for anticipated future expenses. Statements made in this press
release are qualified by the cautionary statements made in this press
release. Neither Enduro Resource Partners nor the Trustee intends, and
neither assumes any obligation, to update any of the statements included
in this press release. An investment in units issued by Enduro Royalty
Trust is subject to the risks described in the Trust's filings with the
SEC, including the risks described in the Trust's Annual Report on Form
10-K for the year ended December 31, 2016, filed with the SEC on March
15, 2017. The Trust's quarterly and other filed reports are or will be
available over the Internet at the SEC's website at http://www.sec.gov.

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