Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. DECLARES DIVIDEND FOR JULY 2016

Freehold Royalties Ltd. has declared a dividend of four cents per common share to be paid on July 15, 2016, to shareholders of record on June 30, 2016. Including the June 15, 2016, payment, the 12-month trailing cash dividends total 76 cents per common share.

These dividends are designated as eligible dividends for Canadian income tax purposes.