exv99w1

Exhibit 99.1

Sabine Royalty Trust

News Release

SABINE ROYALTY TRUST ANNOUNCES
MONTHLY CASH DISTRIBUTION FOR MARCH

Dallas, Texas, March 6, 2008 – U.S. Trust, Dallas, Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.37389 per unit, payable on March 31, 2008, to unit holders of record on March 17, 2008.

This distribution reflects primarily the oil production for December 2007 and the gas production for November 2007. Preliminary production volumes are approximately 28,322 barrels of oil and 525,346 mcf of gas. Preliminary prices are approximately $87.39 per barrel of oil and $6.39 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		28,322		525,346	$	87.39	$	6.39

Prior Month		43,912		578,375	$	87.71	$	6.32

Due to the timing of the end of the month of February, approximately $190,000 of revenue received will be posted in the following month of March in addition to normal receipts during March. Revenues are only posted and distributed when they are received. Most energy companies normally issue payment of royalties on or about the 25^th 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 February and prior to this press release, approximately $2,700,000 in revenue has been received.

The 2007 tax information packets were mailed directly to unitholders as of March 1, 2008.


Contact:		Ron E. Hooper
		Senior Vice President
		Bank of America, N.A.
		Toll Free – 800.365.6541