TORONTO, ONTARIO -- (Marketwired) -- 07/25/16

Pizza Pizza Royalty Corp. (TSX:PZA) today announced its monthly cash dividend of $0.0713 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 August 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, August 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, August 10, 2016 at 9:00 a.m. Shareholders and media are invited to listen to the call.

Details of the Conference Call:

                                                                            
Date:                         Wednesday, August 10, 2016                    
Time:                         9:00 a.m. ET                                  
Call-in number:               416-340-2218 / 866-223-7781                   
                                                                            
Recording call in number:     905-694-9451 / 800-408-3053                   
                              Available until midnight, August 24, 2016     
                              Passcode: 2401591                             

Contacts:
Pizza Pizza Royalty Corp.
Christine D'Sylva
Vice President of Finance and Investor Relations
(416) 967-1010 x393
cdsylva@pizzapizza.ca
www.pizzapizza.ca and www.pizza73.com or www.sedar.com.