Freehold Royalties Ltd. Declares Dividend for July 15, 2011

CALGARY, ALBERTA--(Marketwire - June 16, 2011) - Freehold Royalties Ltd. (TSX:FRU) (Freehold) announces that its Board of Directors has declared a dividend of Cdn. $0.14 per common share to be paid on July 15, 2011 to shareholders of record on June 30, 2011 (ex-dividend date June 28, 2011). Including the July 15, 2011 payment, the twelve-month trailing cash dividends total Cdn. $1.68 per common share (including distributions paid on trust units of Freehold Royalty Trust prior to its conversion).

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

Freehold's primary focus is on acquiring and managing oil and gas royalties. The majority of production comes from royalty assets (mineral title and gross overriding royalties). Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.