Sabine Royalty Trust Announces Monthly Cash Distribution for August

DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- 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/.
SOURCE U.S. Trust

Ron E. Hooper, Senior Vice President of U.S. Trust, Bank of America Private
Wealth Management, 1-800-365-6541