PrairieSky Royalty Declares December Dividend

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2014) - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.1058 per common share to be paid on January 15, 2015 to shareholders of record on December 31, 2014.

This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

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.