RE:BMO renews Airmiles- Diversified Royalty Corp. Announces Renewal of AIR MILES Contract by BMO VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2017) - NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR US DISSEMINATION. Diversified Royalty Corp. (TSX:DIV) (the "Corporation" or "DIV") is pleased to announce that LoyaltyOne Co. ("LoyaltyOne"), the operator of the AIR MILES Reward Program in Canada, has signed a multi-year sponsorship renewal agreement with the Bank of Montreal ("BMO"). According to Alliance Data Systems Inc.'s news release dated October 16, 2017, BMO will continue to issue AIR MILES reward miles to consumer and business customers through its various BMO Mastercard products and debit spend within the BMO AIR MILES Banking Plan. BMO is currently the largest sponsor participating in the AIR MILES Reward Program in Canada. Sean Morrison, President and Chief Executive Officer of DIV, stated, "The renewal of the BMO contract provides strong support for our royalty and is a testament to the strength of the AIR MILES brand in Canada." Pursuant to two licence agreements between DIV and LoyaltyOne, DIV receives an aggregate royalty, payable quarterly, equal to 1% of gross billings from the AIR MILES Reward Program in Canada. Copies of the licences have been filed under DIV's profile on SEDAR and are available at www.sedar.com.