Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. DECLARES DIVIDEND FOR SEPTEMBER 2023

Freehold Royalties Ltd.'s board of directors has declared a dividend of nine cents per common share to be paid on Oct. 16, 2023, to shareholders of record on Sept. 29, 2023.

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

About Freehold Royalties Ltd.

Freehold's focus is on acquiring and managing oil and gas royalties.