Source: Freehold Royalties Ltd.

Freehold Royalties Ltd. Announces Election of Directors

CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Freehold Royalties Ltd. (TSX:FRU) (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated April 3, 2013, were elected as directors of Freehold at its Annual Meeting of Shareholders held earlier today in Calgary.

The results of the votes are as follows:

Nominee Votes For Votes Withheld
Number % Number %
D. Nolan Blades 32,641,799 90.08 3,592,798 9.92
Harry S. Campbell 25,412,651 70.13 10,821,946 29.87
Peter T. Harrison 27,703,603 76.46 8,530,994 23.54
Arthur N. Korpach 36,150,972 99.77 84,399 0.23
Thomas J. Mullane 27,716,038 76.49 8,518,559 23.51
David J. Sandmeyer 25,420,956 70.16 10,813,640 29.84
Rodger A. Tourigny 36,128,613 99.71 105,984 0.29
Aidan M. Walsh 36,157,111 99.79 77,486 0.21

About Freehold Royalties Ltd.

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

Contact Information:

Freehold Royalties Ltd.
Karen Taylor
Manager, Investor Relations and Corporate Secretary
403.221.0891 or Toll Free: 1.888.257.1873
403.221.0888 (FAX)
ktaylor@rife.com
www.freeholdroyalties.com