Santa Fe Energy Trust First Quarter 2006 Distribution

Santa Fe Energy Trust (NYSE:SFF) announced the trust
income distribution for the operating quarter ended March 31, 2006.
Unitholders of record on May 15, 2006, will receive a distribution
amounting to $7,386,295.65 or $1.17243 per unit payable May 31, 2006.
This distribution includes the remittance of $1,321,302.61 or $0.20973
per unit to adjust for overstatements of prior period operating
expenses in the calculations of net profits royalties. The
distribution also includes proceeds from the sale of certain net
profits properties during the period of $355,500.00 or $0.05643 per
unit.
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Price and volume statistics for the quarter were:

                                     VOLUMES             PRICES
                                  OIL       GAS       OIL       GAS
                                 (BBLS)    (MCF)    ($/BBL)   ($/MCF)
WASSON ODC UNIT                  62,200      -        55.73      -

NET PROFITS ROYALTIES            33,147   185,791     53.55      9.36
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   The trust will be terminated on or before February 15, 2008.