PrairieSky Royalty Announces Executive Promotion

CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - James Estey, Chair of the Board of PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) and Andrew Phillips, President and Chief Executive Officer, are pleased to announce that the Board has promoted Cameron Proctor, PrairieSky's current Vice President, Legal & Corporate Services, to the position of Chief Operating Officer. In his enhanced role, Mr. Proctor will have overall responsibility for the operations of PrairieSky, including transaction execution and integration, corporate and administrative functions, legal, compliance and human resources.

"I would like to congratulate Cam on his increased role," said James Estey, Chairman of the Board. "Cam has been an exceptionally valuable member of the senior leadership team since joining PrairieSky prior to its initial public offering in May 2014. Cam has a depth and breadth of experience and through his consistent leadership-by-example continues to have a significant and positive impact on PrairieSky's growth, maturation, and entrepreneurial culture."

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.