LL&E Royalty Trust (LRT) Declares No Trust Distribution for July '09

June 29, 2009 4:49 PM EDT

LL&E Royalty Trust (NYSE: LRT) announced today that there will be no Trust income distribution for the month of July 2009 for Unit holders of record on July 6, 2009. This release relates to production for the month of April 2009. The Trust was unable to pay its expenses for the month of April 2009. Royalty income will be $4,480. Royalty income received will be used to increase the Trust reserve for expenses. At June 29, 2009 the Trust had accounts payable of approximately $642,000 and no amount was held in reserve for expenses.

As previously announced, the Trustee has received a letter from Quantum Resources Management LLC addressed to all Jay Field royalty interest owners stating that Quantum had temporarily suspended production from the Jay Field on December 22, 2008. The letter stated that Quantum's decision to suspend production resulted from the dramatic decline in oil prices coupled with high operating expenses.

(NOTE - shares trade under $1)

LL&E Royalty Trust owns net overriding royalty interests, which are equivalent to net profits interests, in certain productive oil and gas properties located in Alabama, Florida, as well as in federal waters offshore Louisiana.[SM]

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