Freehold Royalty Trust is a publicly traded oil and gas royalty trust formed in November 1996. The Trust Units are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol FRU.UN.

Freehold owns a large number of diverse royalty-generating properties (mineral rights and gross overriding royalties) and working interest properties that provide income from crude oil, natural gas, natural gas liquids and potash. We own interests in more than two million gross acres of land and receive production income from more than 23,000 oil and gas wells. These properties are located in western Canada and Ontario - mainly in Alberta and Saskatchewan. Approximately 80% of our production comes from our royalty interests. Growth in the underlying value of the Trust is achieved through ongoing development activity on our land base and through the acquisition of additional oil and gas assets.

Freehold is managed by Rife Resources Management Ltd., a wholly owned subsidiary of Rife Resources Ltd., which is 100% owned by the CN Pension Trust Funds (the pension funds for employees of Canadian National Railway Company). The Manager also manages two other entities on behalf of the CN Pension Trust Funds - Rife Resources Ltd., a private oil and gas company based in Calgary, Alberta, and Canpar Holdings Ltd., a private royalty holding company also located in Calgary.