Ms. Christine D'Sylva reports

PIZZA PIZZA ROYALTY CORP. ANNOUNCES JULY DIVIDEND AND TIMING OF SECOND QUARTER RESULTS

Pizza Pizza Royalty Corp. has declared its monthly cash dividend of 7.13 cents per share for July, 2016.

The dividend will be payable to shareholders of record at the close of business on July 29, 2016, and will be paid on Aug. 15, 2016.

For tax purposes, the 2016 dividend will be considered a taxable eligible dividend.

The company also announced that its financial results for the second quarter ended June 30, 2016, will be issued after markets close on Tuesday, Aug. 9, 2016.

The company invites analysts and portfolio managers to participate in a conference call with Paul Goddard, chief executive officer, and Curt Feltner, chief financial officer. The call will take place on Wednesday, Aug. 10, 2016, at 9 a.m. Shareholders and media are invited to listen to the call.

Details of the conference call

Date:  Wednesday, Aug. 10, 2016

Time:  9 a.m. ET

Call-in number:  416-340-2218 or 866-223-7781

Recording call-in number:  905-694-9451 or 800-408-3053; available until midnight, Aug. 24, 2016 (passcode: 2401591)