Gulf Coast Ultra Deep Royalty Trust Begins Trading on OTCQX®

Gulf Coast Ultra Deep Royalty Trust (OTCQX: GULTU), a Delaware statutory trust created in connection with Freeport-McMoRan Copper & Gold Inc.’s acquisition of McMoRan Exploration Co., today announced that its royalty trust units have been approved to trade on the OTCQX® marketplace.

Gulf Coast Ultra Deep Royalty Trust will begin trading today on OTCQX U.S., a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards, undergo management reviews and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for Gulf Coast Ultra Deep Royalty Trust on www.otcmarkets.com.

Thompson & Knight LLP will serve as Gulf Coast Ultra Deep Royalty Trust’s Designated Advisor for Disclosure on OTCQX, responsible for providing professional guidance on OTCQX requirements and disclosure obligations under the U.S. securities laws.

The Bank of New York Mellon Trust Company, N.A. serves as trustee of Gulf Coast Ultra Deep Royalty Trust. If you have any questions related to Gulf Coast Ultra Deep Royalty Trust, please see below for contact information.

About Gulf Coast Ultra Deep Royalty Trust

Gulf Coast Ultra Deep Royalty Trust was created in connection with Freeport-McMoRan Copper & Gold Inc.’s acquisition of McMoRan Exploration Co., which was completed on June 3, 2013. Holders of royalty trust units are entitled to share in a 5% gross overriding royalty interest in hydrocarbons saved and produced from each of McMoRan Oil and Gas LLC’s 20 specified shallow water Gulf of Mexico and onshore Gulf Coast ultra-deep exploration prospects. Currently, none of the specified prospects are producing.