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Press release from Marketwire

Freehold Royalties Ltd. Declares Dividend for August 15, 2011

Tuesday, July 19, 2011

Freehold Royalties Ltd. Declares Dividend for August 15, 201113:11 EDT Tuesday, July 19, 2011CALGARY, ALBERTA--(Marketwire - July 19, 2011) - Freehold Royalties Ltd. (TSX:FRU) (Freehold) announces that its Board of Directors has declared a dividend of Cdn. $0.14 per common share to be paid on August 15, 2011 to shareholders of record on July 31, 2011 (ex-dividend date July 27, 2011). Including the August 15, 2011 payment, the twelve-month trailing cash dividends total Cdn. $1.68 per common share (including distributions paid on trust units of Freehold Royalty Trust prior to its conversion).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 assets (mineral title and gross overriding royalties). Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.FOR FURTHER INFORMATION PLEASE CONTACT: Karen TaylorFreehold Royalties Ltd.Manager, Investor Relations and Corporate Secretary403.221.0891 or Toll Free: 1.888.257.1873f. 403.221.0888 (FAX)ktaylor@rife.comwww.freeholdroyalties.com