Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. DECLARES DIVIDEND FOR FEBRUARY 2017

Freehold Royalties Ltd.'s board of directors has declared a dividend of four cents per common share to be paid on March 15, 2017, to shareholders of record on Feb. 28, 2017.

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

About Freehold Royalties Ltd.

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).