Santa Fe Energy Trust Announces Adjournment of Special Meeting of Unitholders

  
    
  
  
    
      Santa Fe Energy Trust (NYSE:SFF) announces adjournment of special 
      meeting of unitholders.
    
    
      The special meeting of unitholders of Santa Fe Energy Trust scheduled 
      for June 22, 2007 has been adjourned for one week to allow additional 
      time for unitholders to vote. The special meeting will be reconvened at 
      noon Central Time on Friday June 29, 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.
    
    
      A total of 2,630,664 Trust units were represented, in person or by 
      proxy, at the special meeting today, constituting less than a quorum for 
      the meeting. A total of 2,531,827 units represented at the meeting, 
      constituting approximately 96.2% of the units represented at the 
      meeting, were voted 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. However, approval of the proposal 
      requires the affirmative approval of the holders of at least 3,150,001 
      Trust units.
    
    
      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.