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CALGARY, ALBERTA -- (Marketwired) -- 05/16/16 -- PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board
of Directors has declared a dividend of CDN $0.06 per common share, payable in cash on June 15, 2016 to shareholders of record on
May 31, 2016. 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.
Contacts:
PrairieSky Royalty Ltd.
Investor Relations
(587) 293-4000
www.prairiesky.com