PrairieSky Announces Results of the Annual Meeting of Shareholders and Election of Directors

FOR: PRAIRIESKY ROYALTY LTD.
TSX SYMBOL: PSK

Date issue: April 25, 2017
Time in: 4:01 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - April 25, 2017) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on April 25, 2017 (the "Meeting") in Calgary, Alberta. The resolutions approved at the Meeting were as follows:

The resolution to appoint the five (5) nominees 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, was passed by way of ballot and each of the directors received the following votes for their election:

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James Estey 182,050,461 (91.83%) Margaret McKenzie 197,365,789 (99.56%) Andrew Phillips 198,206,056 (99.98%) Sheldon Steeves 198,049,041 (99.90%) Grant Zawalsky 175,034,374 (88.29%)

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The resolution to appoint KPMG LLP as the Company's auditors was approved with 198,916,229 (99.97%) of the shares represented at the Meeting voting in favour of the resolution.

The resolution to approve the unallocated options under the Company's stock option plan was approved with 178,616,700 (90.10%) of the shares represented at the Meeting voting in favour of the resolution.

The resolution to accept the Company's approach to executive compensation was approved with 194,333,225 (98.03%) of the shares represented at the Meeting voting in favour of the resolution.

The report on voting for the Meeting will be available at www.sedar.com and on the Company's website at www.prairiesky.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 free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky's common shares trade on the Toronto Stock Exchange under the symbol PSK.

- END RELEASE - 25/04/2017

For further information:
PrairieSky Royalty Ltd.
Investor Relations
(587) 293-4000
www.prairiesky.com

COMPANY:
FOR: PRAIRIESKY ROYALTY LTD.
TSX SYMBOL: PSK

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170425CC0086

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