Santa Fe Energy Trust Announces Additional Adjournment of Special Meeting of Unitholders

  
    
  
  
    
      Santa Fe Energy Trust (NYSE:SFF) announces additional adjournment of 
      special meeting of unitholders.
    
    
      The special meeting of unitholders of Santa Fe Energy Trust originally 
      scheduled for June 22, 2007 and previously adjourned to June 29, 2007 
      has been further adjourned to allow additional time for unitholders to 
      vote. The special meeting will be reconvened at noon Central Time on 
      Thursday July 5, 2007, at the offices of the Trustee located at 601 
      Travis, 16th Floor, Houston, Texas. The record 
      date for the meeting has not been changed and remains May 25, 2007.
    
    
      The Trustee has determined to adjourn the meeting to July 5 to give 
      unitholders additional time to vote. Of the proxies received to date, a 
      preliminary count indicates that approximately 95.3% of the units 
      represented by proxies are in favor of the proposal to extend the date 
      by which the Trustee is required to use reasonable efforts to sell all 
      of the net profits royalties held by the Trust from June 30, 2007 to 
      November 30, 2007, and to extend certain related deadlines, all as 
      described in the proxy statement for the meeting. Approval of the 
      proposal requires the affirmative approval of the holders of at least 
      3,150,001 Trust units.
    
    
      Because the proposal has not yet been approved by the unitholders, the 
      Trustee has obtained a temporary restraining order, from the District 
      Court in Travis County, Texas, postponing the sale date to July 9, 2007. 
      If necessary, the Trustee may also seek court approval to extend the 
      sale date to any date up to November 30, 2007.
    
    
      Additional Information About the Special Meeting and Proposal and 
      Where You Can Find It
    
    
      In connection with the proposal to be voted on at the special meeting, 
      the Trust has filed a definitive proxy statement with the SEC. Before 
      making any voting decision with respect to the proposal, Trust 
      unitholders are urged to read the proxy statement because it contains 
      important information about the proposal. The proxy statement 
      and any other documents filed by the Trust with the SEC may be obtained 
      free of charge at the SEC’s website 
      at www.sec.gov. In addition, 
      unitholders of Santa Fe Energy Trust may obtain free copies of the proxy 
      statement and any other documents filed with the SEC by contacting the 
      Trustee at the address or toll-free number shown below, or by calling 
      the Trust's proxy solicitor, MacKenzie Partners, toll-free at 
      800-322-2885. You may also read and copy any reports, statements and 
      other information filed by the Trust with the SEC at the SEC public 
      reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. 
      Please call the SEC at 1-800-SEC-0330 or visit the SEC’s 
      website 
      for further information on its public reference room.
    
    
      The Trust will be liquidated on or before February 15, 2008.