Enduro Royalty Trust Announces Record Date and Meeting Date for Special Unitholder Meeting

AUSTIN, Texas–(BUSINESS WIRE)–Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced that it
has established a record date of July 10, 2017 and a meeting date of
August 30, 2017 for a special meeting of its unitholders to be held at
10:00 a.m. Central Daylight Time, at 777 Main Street, Concourse Level
Meeting Room, Fort Worth, Texas. At the special meeting, the Trust’s
unitholders will consider and act upon proposals to approve:

• Eight transactions pursuant to which (a) Enduro Operating LLC will
  sell its interests in certain oil and natural gas properties that
  constitute part of the oil and natural gas properties burdened by the
  net profits interest held by the Trust, (b) the Trust will release the
  related net profits interest associated with such oil and natural gas
  properties, and (c) the net proceeds received by the Trust with
  respect to each such sale will be distributed to the Trust unitholders;
• Amendments to the Amended and Restated Trust Agreement of the Trust
  (the “Trust Agreement”) to permit the transactions;
• Amendments to the Conveyance of Net Profits Interest to permit the
  transactions;
• Amendments to the Trust Agreement to permit costs associated with the
  special meeting to be paid pro rata by the Trust and Enduro Resource
  Partners LLC; and
• An adjournment of the special meeting, if necessary or appropriate, to
  permit solicitation of additional proxies in favor of the above
  proposals.

The Trust also announced that it has filed a definitive proxy statement
with the Securities and Exchange Commission on July 11, 2017 for the
special meeting. Holders of record of Trust units as of the close of
business on July 10, 2017 will be entitled to receive notice of the
special meeting and to vote at the special meeting.

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 of any anticipated distribution to
unitholders as a result of the proposed disposition of certain
properties 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 as a result of the sale of the underlying properties. 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.

Contacts

Enduro Royalty Trust
The Bank of New York Mellon Trust Company,
N.A., as Trustee
Sarah Newell, 1-512-236-6555