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 $2,457,421.28 or $0.052724 per Unit, based primarily upon the reported production of the Trust's subject interests (the “Subject Interests”) during the month of March 2023. The distribution is payable June 14, 2023, to the Unit Holders of record as of May 31, 2023.