CALGARY, ALBERTA -- (Marketwired) -- 03/02/16

Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce it has exceeded 2015 production guidance of 10,600 boe/d with volumes averaging 10,945 boe/d for the year. Fourth quarter 2015 volumes averaged 11,815 boe/d.

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

Freehold's primary focus is on acquiring and managing oil and gas royalties. The majority of production comes from royalty interests (mineral title and gross overriding royalties). Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

Contacts:
Freehold Royalties Ltd.
Matt Donohue
Manager, Investor Relations
403.221.0833 or Toll Free: 1.888.257.1873
403.221.0888 (FAX)
mdonohue@rife.com
www.freeholdroyalties.com