SFF Santa FE Energy Tr

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 $0.05643 per unit. -0- *T Price and volume statistics for the quarter were: VOLUMES PRICES OIL GAS OIL GAS (BBLS) (MCF) ($/BBL) ($/MCF) WASSON ODC UNIT 62,200 - 55.73 - NET PROFITS ROYALTIES 33,147 185,791 53.55 9.36 *T The trust will be terminated on or before February 15, 2008.