Texas Pacific Land Trust Announces Annual Dividend

DALLAS--(BUSINESS WIRE)-- Texas Pacific Land Trust announced today that its Board of Trustees has declared a regular dividend of 20 cents per sub-share payable March 24, 2010 to shareholders of record on March 12, 2010. This is the 7th consecutive year that the regular dividend has been increased.

NYSE Ticker Symbol -- TPL

Texas Pacific Land Trust is not a REIT

Confirmation Contact #:  214-969-5530

                         Roy Thomas

                         General Agent & Chief Executive Officer

This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competitions, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.

    Source: Texas Pacific Land Trust