PrairieSky Royalty Declares February Dividend and Announces Date for Year End 2014 Conference Call

CALGARY, ALBERTA--(Marketwired - Feb. 12, 2015) - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.10833 per common share to be paid on March 16, 2015 to shareholders of record on February 27, 2015.

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

PrairieSky will release its year end 2014 results on Monday, February 23, 2015 after markets close. The news release detailing PrairieSky's year end 2014 results will provide operating and financial information. Financial statements and management's discussion and analysis will be available on PrairieSky's website at www.prairiesky.com and on SEDAR at www.sedar.com.

A conference call to discuss the results will be held for the investment community on Tuesday, February 24, 2015 beginning at 6:00am MT (8:00am ET). To participate in the conference call, approximately 10 minutes prior to the conference call, please dial:

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.