PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $4,488,193.46 or $0.096295 per Unit, based primarily upon the reported production of the Trust's subject interests (the “Subject Interests”) during the month of October 2022. The distribution is payable January 17, 2023, to the Unit Holders of record as of December 30, 2022.