Sabine Royalty Trust Announces Monthly Cash Distribution for August

    DALLAS, Aug. 5 /EMWNews/ -- U.S. Trust, as Trustee of the

Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the

holders of its units of beneficial interest of $0.68973 per unit, payable

on August 29, 2008, to unit holders of record on August 15, 2008.



    This distribution reflects primarily the oil production for May 2008

and the gas production for April 2008, both including postings from the

previous month's production. Preliminary production volumes are

approximately 43,765 barrels of oil and 560,527 Mcf of gas. Preliminary

prices are approximately $115.13 per barrel of oil and $10.11 per Mcf of

gas. The table below compares this month's production and prices to the

previous months:






                          Net to Trust Sales

                               Volumes             Average Price

                           Oil        Gas          Oil        Gas

                          (Bbls)     (Mcf)      (per Bbl)   (per Mcf)



    Current Month         43,765     560,527     $115.13     $10.11



    Prior Month           36,189     548,361     $111.75      $8.93





    Due to the timing of the end of the month of July, approximately

$267,000 of revenue received will be posted in the following month of

August in addition to normal receipts during August. Revenues are only

posted and distributed when they are received. Most energy companies

normally issue payment of royalties on or about the 25th of every month,

and depending on mail delivery, a varying amount of royalties are not

received until after the revenue posting on the last business day of the

month. The revenues received after that date will be posted within 30 days

of receipt. Since the close of business in July and prior to this press

release, approximately $1,797,000 in revenue has been received. For the

latest financial reports on Sabine Royalty Trust, please visit our website

at http://www.sbr-sabineroyalty.com/.