Freehold Royalties Ltd

(FRU)

Freehold Royalties Ltd is a publicly traded oil and gas royalty trust formed in November 1996. The Trust Units are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol FRU.UN.

Freehold owns a large number of diverse royalty-generating properties (mineral rights and gross overriding royalties) and working interest properties that provide income from crude oil, natural gas, natural gas liquids and potash. Freehold owns interests in more than three million gross acres of land and receives production income from more than 31,000 oil and gas wells. These properties are located in western Canada and Ontario - mainly in Alberta and Saskatchewan. Freehold's percentage of royalty production is approximately (66% in 2015). Growth in the underlying value of the Trust is achieved through ongoing development activity on Freehold's land base and through the acquisition of additional oil and gas assets.

Freehold has no employees. Day-to-day operations are managed by a wholly owned subsidiary of Rife Resources Ltd.