Freehold Royalties Ltd.

Completed a bought deal equity financing, issuing about 19.1 million subscription receipts at a price of $9.05 per subscription receipt including the full exercise of the over-allotment option granted to the underwriters. The bought deal offering was completed through a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc. Proceeds will be held in escrow pending the completion of the U.S. royalty transaction.