Freehold Royalties Ltd. Declares Dividend for March 15, 2011

CALGARY, ALBERTA--(Marketwire - Feb. 16, 2011) - Freehold Royalties Ltd. (TSX:FRU) (Freehold) announces that the Board of Directors has declared a dividend for February 2011 of Cdn $0.14 per common share to be paid on March 15, 2011 to shareholders of record on February 28, 2011 (ex-dividend date February 24, 2011). Including the March 15, 2011 payment, the twelve-month trailing cash dividends total Cdn $1.68 per common share (including the distributions paid on trust units of Freehold Royalty Trust prior to its conversion).

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