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PrairieSky Announces Results on the Election of Directors

T.PSK

CALGARY, ALBERTA--(Marketwired - April 28, 2015) - PrairieSky Royalty Ltd. (TSX:PSK) (the "Company") is pleased to announce that the five (5) nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed, at the annual and special meeting of the shareholders of the Company held on April 28, 2015 (the "Meeting") in Calgary, Alberta. The vote was passed by way of ballot and each of the directors received the following votes for their election:

James M. Estey 106,948,321 (99.36%)
Margaret A. McKenzie 107,622,976 (99.98%)
Andrew M. Phillips 107,364,654 (99.74%)
Sheldon B. Steeves 107,134,057 (99.53%)
Grant A. Zawalsky 107,128,091 (99.52%)

The report on voting for the Meeting will be available at www.sedar.com.

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 stable free cash flow and that represent one of the largest and most concentrated independently-owned fee simple mineral title positions in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.

PrairieSky Royalty Ltd.
Cristina Lopez
VP, Corporate Development
(587) 293-4085

PrairieSky Royalty Ltd.
Investor Relations
(587) 293-4000
www.prairiesky.com



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