*LL&E-ROYALTY TRUST

LL&E ROYALTY TRUST ANNOUNCES NO DISTRIBUTION FOR JULY 2006

LL&E ROYALTY TRUST

JPMORGAN CHASE BANK, N.A. - TRUSTEE                   NEWS
                                                     RELEASE


FOR IMMEDIATE RELEASE

AUSTIN, TEXAS (June 23, 2006) -- LL&E Royalty Trust (NYSE SYMBOL-LRT) announced
today there will be no Trust income distribution for the month of June 2006 for
Unitholders of record on July 5, 2006. This release relates to production for
the month of April 2006.

As more fully described in the Trust's periodic reports filed with the SEC, the
Trust Agreement and the related Partnership Agreement provide that, under
certain circumstances, the Trustee may establish cash contingency reserves for
the payment of claims that are likely to be asserted against the Trust. With
certain exceptions, any such reserves are required to be deposited in
non-interest bearing accounts.

As more fully described in the Trust's Annual Report on Form 10-K for the year
ended December 31, 2005, it appears highly likely that distributions to the
Trust will be reduced significantly for a period of time as a result of the
damage from Hurricanes Katrina and Rita to production facilities for properties
in which the Trust has an interest. In light of this, the Trustee determined to
reserve an additional $33,439, which would have otherwise been distributed to
the unitholders on July 5, 2006, for the payment of the Trust's likely general
and administrative expenses in the foreseeable future. As of June 23, 2006 the
gross cumulative amount reserved is $1,338,677; net of Trust expenses of
$704,731, the net reserve amount is $633,946. The Trustee intends to hold these
funds for use in the payment of Trust expenses until it becomes reasonably clear
that they are no longer necessary.

As more fully described in the Annual Report, the Working Interest Owner
("Owner"), under the terms of the Trust Conveyances, is permitted to escrow
funds for estimated future costs such as dismantlement costs and capital
expenditures for the properties in which the Trust has an interest (Special Cost
Escrow). Based on preliminary cost estimates and the most recent reserve report,
the Owner believes that the amounts currently held in escrow are significantly
less than the anticipated future amounts attributable to the Trust's share of
costs. Consequently, the Owner has informed the Trust that Owner plans to escrow
for the foreseeable future all proceeds that would otherwise be distributed from
the South Pass 89 and Offshore Louisiana properties. As more fully described in
the Trust's Annual Report, the actual amounts of certain of these costs,
including those affecting East Cameron 195, which is included in the Offshore
Louisiana properties, appear likely to be substantially increased over those
previously estimated as a result of damage caused by the 2005 hurricanes. The
Owner intends to continue to monitor each of the properties in which the Trust
has an interest for possible changes in relevant factors.

The Trustee has participated in discussions with the Working Interest Owner
regarding the insurance policies carried by the Working Interest Owner in effect
at the dates of the various storms affecting the properties in which the Trust
has an interest. The Working Interest Owner and its outside insurance counsel
have advised the Trustee that they are in the process of analyzing the scope and
applicability of the policies carried by the Working Interest Owner to the
various types of damages that resulted from the storms, and are in the process
of discussing these matters with the carriers. The Trustee has requested
additional information about the policies, potential coverage to damages
affecting the Trust, the likely timing of the resolution of issues relating to
the possible insurance coverage and the various types of damages caused by the
storms, and other information regarding the possibility of recovery under any
insurance policy that, directly or indirectly, may be for the benefit of the
Trust. The Working Interest Owner has undertaken to provide all such information
as it becomes available, but has advised the Trustee that it remains in
discussion with its insurance carriers, and does not yet have reliable
information about the scope and applicability of the policies to the properties
in which the Trust has an interest or the effects, if any, on the Trust.

The $33,439 that the Trustee is reserving for the month of April does not
include any proceeds from the Jay Field, South Pass 89 or Offshore Louisiana
properties due to excess production costs. Excess production costs, incurred
during April 2006, to be recouped from future proceeds at the Jay Field, South
Pass and Offshore properties totaled $885,647, $168,156 and $84,375
respectively.

Gross Proceeds prior to deductions for Production Costs for the month of April
2006 by property are as follows: $2,262,720 for Jay Field property, $0 for South
Pass 89 property, and $0 for Offshore Louisiana property.

Production Costs for the month of April 2006 by property are as follows:
$3,148,368 for Jay Field property, $168,156 for South Pass 89 property and
$84,375 for Offshore Louisiana property.

There was $271,472 withheld in Special Cost Escrow from the Offshore Louisiana
Properties for the month of April 2006. In April 2006, the Owner released from
escrow $261,595 and $435,406 for hurricane repairs and abandonment costs related
to the South Pass 89 and Offshore Louisiana Properties, respectively.

Fee Lands Royalties for the month of April 2006 totaled $33,439. Trust related
expenses for the month of April 2006 totaled $53,161.

The Gross Proceeds, Production Costs and Special Cost Escrow numbers stated
above relate to each property as a whole. The Trust's interest in these
properties is 50% for Jay Field, 50% for South Pass 89 and 90% for Offshore
Louisiana.

Status of the Trust

Although the Trust cannot predict the effects of the matters described in this
press release with any degree of precision, it appears highly likely that
distributions to the Trust will be reduced significantly for an extended period
of time.

The Trust Agreement provides that the Trust will terminate in the event that the
net revenues fall below $5,000,000 for two successive years ("the Termination
Threshold"). As a result of the aforementioned damages to production facilities
for properties in which the Trust has an interest, revenues for 2006 may fall
below the Termination Threshold. It is therefore possible (depending on the
timing of repairs, future production and drilling activities, market conditions,
recoupment of unrecovered capital costs and other matters) that in 2006

Royalty income received by the Trust may be below the Termination Threshold. If
Royalty income falls below the Termination Threshold for two successive years,
the Trust would terminate. Upon termination of the Trust, the Trustee will sell
for cash all the assets held in the Trust estate and make a final distribution
to unit holders of any funds remaining after all Trust liabilities have been
satisfied. However, whether the Trust's 2006 net revenues are above the
Termination Threshold will depend on the timing of repairs to damaged properties
in which the Trust has an interest, oil and natural gas prices for 2006, timing
and level of hydrocarbon production, the level of capital expenditures, and
other operational matters as well as administrative expenses of the Trust.
Therefore, there can be no assurance that the net revenues of the Trust in 2006
will be above the Termination Threshold. There are numerous uncertainties
inherent in forecasting projected net revenues for 2006 as certain of the
Trust's properties are near the end of their productive lives. See "Estimates of
Petroleum Engineers" in the Trust's 2005 Annual Report on Form 10-K.

This press release contains statements that are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All statements
contained in this press release, other than statements of historical facts, are
"forward-looking statements" for purposes of these provisions. These
forward-looking statements include the amount and date of any anticipated
distribution to unit holders. An investment in Units issued by LL&E Royalty
Trust is subject to the risks described in the Trust's Annual Report on Form
10-K for the year ended December 31, 2005, and all of its other filings with the
Securities and Exchange Commission. The Trust's annual, quarterly and other
filed reports are available over the Internet at the SEC's web site at
http://www.sec.gov.

The Trust income distribution announcement for the month of August will be made
on or about July 28, 2006.


CONTACT:  LL&E ROYALTY TRUST
          JPMORGAN CHASE BANK, N.A., AS TRUSTEE
          MIKE ULRICH
          (800) 852-1422
          WWW.BUSINESSWIRE.COM/CNN/LRT.HTM