PrairieSky Royalty Announces Executive Retirement

CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) announces that L. Geoffrey Barlow, Vice President, Finance & Chief Financial Officer is retiring from the Company.

James Estey, the Chairman of the Board of Directors of PrairieSky, stated, "On behalf of the Board and the entire Company I would like to recognize and thank Geoff for his many contributions to PrairieSky. Under Geoff's stewardship PrairieSky has achieved several milestones and established a strong accounting and finance department focused on successfully executing our business plan. During this period of transition, PrairieSky remains focused on financial discipline, which continues to be a hallmark of PrairieSky's commitment to its shareholders".

PrairieSky has retained a leading executive recruiting firm and is undertaking a review of potential candidates to assume the role of CFO following Mr. Barlow's retirement.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating stable free cash flow and that represent one of the largest and most concentrated independently-owned fee simple mineral title positions in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.