Freehold Royalties Ltd. announced changes to its executive management team effective March 18, 2019 including the resignation of Darren Gunderson, Vice-President, Finance and Chief Financial Officer and the appointment of Alan Withey as Interim Vice-President, Finance and Chief Financial Officer. In addition, the company announced the promotion of David Spyker from Vice-President, Production to Chief Operating Officer and the change of Mr. Robert Lamond's role from Vice-President, Exploration to Vice-President, Asset Development. Mr. Spyker's promotion is in recognition of his contribution to the strategic direction of Freehold.

Mr. Lamond's title change reflects the elevated focus on advancing third party drilling and development on extensive royalty land base and the pursuit of value-enhancing acquisitions to further grow asset base. Mr. Michael Stone, as Vice President, Land, continues to play a key role in advancing these core business initiatives.