San Juan Basin Royalty Trust declared a monthly cash distribution to the holders (the "Unit Holders") of its units of beneficial interest (the "Units") of $1,410,308.78 or $0.030258 per Unit, based primarily upon the reported production of the Trust's subject interests (the "Subject Interests") during the month of December 2023. The distribution is payable March 14, 2024, to the Unit Holders of record as of February 29, 2024.