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Freehold Royalties Ltd. Declares Dividend for January 15, 2013

CALGARY, ALBERTA -- (Marketwire) -- 12/04/12 -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.14 per common share to be paid on January 15, 2013 to shareholders of record on December 31, 2012. Including the January 15, 2013 payment, the twelve-month trailing cash dividends total Cdn. $1.68 per common share.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

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.

Contacts:
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

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