Freehold Royalties Ltd. Declares Dividend for October 17, 2011

CALGARY, ALBERTA--(Marketwire - Sept. 19, 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 October 17, 2011 to shareholders of record on September 30, 2011 (ex-dividend date September 28, 2011). Including the October 17, 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 titles and gross overriding royalties). Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.