Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. EXCEEDS 2015 PRODUCTION GUIDANCE

Freehold Royalties Ltd. has exceeded its 2015 production guidance of 10,600 barrels of oil equivalent per day with volumes averaging 10,945 barrels of oil equivalent per day for the year. Fourth quarter 2015 volumes averaged 11,815 barrels of oil equivalent per day.

Freehold will be reporting its fourth quarter and year-end 2015 operating and financial results after market on March 3, 2016.