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Press release from Marketwire

Freehold Royalties Ltd.: Correction to Ex-dividend Date

Wednesday, October 19, 2011

Freehold Royalties Ltd.: Correction to Ex-dividend Date16:42 EDT Wednesday, October 19, 2011CALGARY, ALBERTA--(Marketwire - Oct. 19, 2011) - Freehold Royalties Ltd. (TSX:FRU) (Freehold) confirms that an error was made on its previously disseminated News Release dated October 18, 2011 with respect to the ex-dividend date. The ex-dividend date for the monthly dividend is October 27, 2011 rather than October 26, 2011, payable on November 15, 2011.All other disclosed information remains the same.FOR FURTHER INFORMATION PLEASE CONTACT: Karen TaylorFreehold Royalties Ltd.Manager, Investor Relations and Corporate Secretary403.221.0891 or Toll Free: 1.888.257.1873403.221.0888 (FAX)ktaylor@rife.comwww.freeholdroyalties.com