PrairieSky Royalty Ltd.

PrairieSky Royalty Ltd. was formed to acquire fee simple mineral title lands predominately in Alberta with the objective to generate significant free cash flow and growth to its shareholders through indirect oil and gas investment at a relatively low risk and low cost to PrairieSky Royalty. PrairieSky Royalty is one of the largest indepently-owned portfolios of fee simple mineral title in Canada, with approximately 6.3 million acres. PrairieSky Royalty will encourage third parties to actively develop its properties, while strategically seeking additional petroleum and natural gas assets that provide it with medium-term to long-term value enhancement potential. Third-party development of PrairieSky Royalty’s properties is expected to provide it with sustainable royalty revenues with minimal or no operating costs, capital costs, environmental liabilities or reclamation obligations associated with petroleum and natural gas development incurred on the part of the company.