CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (TSX: FRU) (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated March 22, 2023, were elected as directors of Freehold at its Annual Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold's shareholders.

The results of the votes on the director nominees are as follows:

KPMG LLP was appointed as the auditors of Freehold with 93.79% of the shares represented at the Meeting voting in favour of their appointment.

The resolution to accept Freehold’s approach to executive compensation was approved with 96.55% of the shares represented at the Meeting voting in favour of the resolution.

Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

For further information, contact:

Freehold Royalties Ltd.
Matt Donohue
Manager, Investor Relations and Capital Markets
t.        403.221.0833
f.        403.221.0888
tf.        1.888.257.1873
e.        mdonohue@rife.com
w.        www.freeholdroyalties.com