Freehold Royalty Trust
TSX : FRU.UN

Freehold Royalty Trust

December 12, 2006 13:57 ET

Freehold Royalty Trust Announces Distribution for January 15, 2007

CALGARY, ALBERTA--(CCNMatthews - Dec. 12, 2006) - Freehold Royalty Trust ("Freehold") (TSX:FRU.UN) announces that the regular monthly distribution in the amount of Cdn $0.15 per Trust Unit will be paid on January 15, 2007 to Unitholders of record on December 31, 2006 (ex-distribution date December 27, 2006). Including the January 15, 2007 payment, the twelve-month trailing cash distributions total Cdn $2.10 per Trust Unit.

For Canadian tax purposes, Freehold estimates that distributions paid to Unitholders in 2006 will be 100% taxable.

Freehold is the only royalty trust in Canada whose primary focus is on oil and gas royalties. Approximately 80% of production and over 90% of distributions come from royalty assets (mineral title and gross overriding royalties). Freehold has an interest in over 22,000 oil and gas wells in western Canada and Ontario. Production is split 60% to oil and 40% natural gas. The Trust Units trade on the Toronto Stock Exchange in Canada under the symbol FRU.UN.

Forward-Looking Statements - Certain information set forth in this document, including management's assessment of Freehold's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Freehold's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Freehold's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. No assurance can be given that any of the events anticipated will transpire or occur, or if any of them do so, what benefits Freehold will derive from them.

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