Enduro Royalty Trust Unitholders Approve Proposals for Sponsor to Sell Properties in the Permian Basin

August 30, 2017

AUSTIN, Texas–(BUSINESS WIRE)–Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced that at
the special meeting of Trust unitholders held today, unitholders
approved (i) eight transactions pursuant to which Enduro Resource
Partners LLC (“Enduro”), the sponsor of the Trust, will sell certain oil
and natural gas properties in the Permian Basin (the “Divestiture
Properties”) that constitute a portion of the properties burdened by the
Trust’s 80% net profits interest, (ii) the release of the Trust’s net
profits interest in the Divestiture Properties, and (iii) related
proposals to effect the sale transactions in exchange for the Trust
receiving 80% of the net proceeds of the sale of the Divestiture
Properties.

The votes in favor of the sales of the Divestiture Properties and
related proposals constituted more than the required 75% of the Trust
units outstanding as of the record date for the special meeting and, as
a result, the proposals were approved and adopted by the Trust
unitholders.

Closings of the sales of the Divestiture Properties are expected to
occur on or before September 30, 2017. Following the closings, Enduro
will set a record date for the special distribution and within 45 days
of the closings of the transactions, Enduro will distribute 80% of the
net proceeds of the aggregate sales amounts, less 80% of the expenses
associated with the transactions and proxy meeting expenses and
associated holdback amounts, to unitholders of record.

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 statements regarding the 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.