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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
$0.003644 per unit, payable on October 16, 2017 to unitholders of record
on September 29, 2017. The distribution primarily represents oil
production during the month of June 2017 and natural gas production
during May 2017.

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 58,631 1,954 315,138 10,166 $ 42.40 $ 2.78
Prior Month 59,033 1,904 358,085 11,936 $ 45.11 $ 2.71
 

Oil cash receipts for the properties underlying the Trust totaled $2.5
million for the current month, a decrease of $0.2 million from the prior
month calculation as a result of a decrease in the realized wellhead
price as well as a decline in production volumes. The decline in
realized prices was driven by a seven percent decline in NYMEX pricing
from May to June. Oil sales volumes declined as a result of one less day
of production in June compared to May.

Natural gas cash receipts decreased from $1.0 million in the prior
distribution period to $0.9 million in the current month due to a
decrease in natural gas volumes offset by a three percent increase in
realized wellhead prices. Additional natural gas volumes were included
in the prior month distribution calculation due to a purchaser in the
Permian Basin that remitted payments for multiple production months in
one month. Such payments represented ten months of natural gas sales for
certain wells, for which payments were previously delayed. As previously
disclosed, natural gas cash receipts from these wells totaled
approximately $96,000 related to prior periods, and the associated
volumes included in the prior distribution period totaled approximately
46,400 Mcf. Excluding receipts related to prior periods for these wells,
natural gas cash receipts and volumes would have been approximately $0.9
million and 311,700 Mcf (10,390 Mcf/D), respectively, for the prior
distribution period. Further, the average received wellhead price would
have been $2.81 per Mcf, as the majority of the payments related to
production periods of lower natural gas prices.

Total direct operating expenses, including lease operating expenses,
production and ad valorem taxes, and gathering and transportation
expenses, remained consistent at $2.5 million. Capital expenditures were
approximately $620,000, of which $0.5 million relates to a portion of
capital for 4 gross wells that were drilled in north Louisiana. Total
direct operating expenses and capital expenditures relate to expenses
incurred during July 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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