An anonymous director reports

PRAIRIESKY ROYALTY DECLARES QUARTERLY DIVIDEND

PrairieSky Royalty Ltd.'s board of directors has declared a quarterly dividend of 24 cents per common share, payable in cash on April 14, 2023, to shareholders of record on March 31, 2023. This dividend is designated as an eligible dividend for Canadian income tax purposes.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.