Mr. David Spyker reports

FREEHOLD ROYALTIES ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICE

Freehold Royalties Ltd. has appointed Brad Monaco as its chief financial officer, effective June 22, 2026.

Mr. Monaco has extensive energy experience spanning finance, strategy, capital markets and operations. Most recently, he served as chief financial officer of Parkland Corp. Prior to taking on the role of chief financial officer, he held various leadership roles at Parkland, including vice-president, finance, for Parkland's Canadian business. In that role, he partnered closely with operations on financial planning, performance improvement initiatives, acquisitions and integration activities. Earlier in his career, he held roles in upstream energy and buy-side investment management. He is a chartered financial analyst charterholder and holds a bachelor of commerce degree from the University of Calgary.

"We are excited to welcome Brad to the Freehold team," said David Spyker, president and chief executive officer of Freehold. "Brad brings relevant and recent experience across finance, strategy and capital markets. This experience, alongside his investor perspectives, will complement our team and support Freehold's long-term strategy and continued focus on disciplined capital allocation."

Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.0 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.