NDRO Enduro Royalty Trust Trust Units Representing Beneficial Interest IN The Trust

Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.043178 per unit, payable on August 14, 2018 to unitholders of record on July 31, 2018. The distribution primarily represents oil production during the month of April 2018 and natural gas production during March 2018.

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 55,566 1,852 394,953 12,740 $ 62.81 $ 2.50 Prior Month 59,985 1,935 395,489 14,125 $ 60.21 $ 3.02  

Oil cash receipts for the properties underlying the Trust totaled $3.5 million for the current month, a decrease of $0.1 million from the prior month distribution period due to a decrease in volumes for the relevant period. In addition to one less day of production in April compared to March, payment timing differences caused volume fluctuations.

Natural gas cash receipts decreased from $1.2 million in the prior distribution period to $1.0 million in the current month primarily due to a 17 percent decrease in the realized wellhead price as compared to the prior month. The decrease in realized wellhead price was driven by a decrease in the NYMEX natural gas futures settlement price for March as compared to February, which is the basis upon which a significant portion of the north Louisiana gas volumes are sold. The 10 percent decrease in natural gas sales volume is driven by payment timing differences associated with operators in the Permian Basin.

Total direct operating expenses, including lease operating expenses, production and ad valorem taxes, and gathering and transportation expenses, were $2.5 million, an increase of $0.3 million from the prior month. The increase in direct operating expenses is primarily due to lease operating expenses in the current distribution period returning to normal levels after being lower than normal in the prior distribution period. Capital expenditures were $0.1 million in the current month. Total direct operating expenses and capital expenditures relate to expenses incurred in May 2018.

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, reserves for anticipated future expenses and the outcome of the bankruptcy proceedings involving Enduro Resource Partners, including the related sale contemplated as part of the bankruptcy proceedings. 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, 2017, filed with the SEC on March 12, 2018. 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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Enduro Royalty TrustThe Bank of New York Mellon Trust Company, N.A., as TrusteeSarah Newell, 1 512-236-6555