FRU Freehold Royalties Ltd

Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on August 15, 2024 to shareholders of record on July 31, 2024.

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

Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.2 million gross acres in Canada and approximately 1.1 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

For further information, contactFreehold Royalties Ltd.Rob KingChief Operating Officert. 403.384.0797e. rking@freeholdroyalties.com w. www.freeholdroyalties.com

Nick Thomson, CFAInvestor Relations & Capital Marketst. 403.221.0874 e. nthomson@freeholdroyalties.com w. www.freeholdroyalties.com