CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) -- 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 24, 2018 (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:

The resolution to appoint KPMG LLP as the Company’s auditors was approved with 195,458,196 (99.95%) of the shares represented at the Meeting voting in favour of the resolution.

The resolution to approve the unallocated awards under the Company’s share unit incentive plan was approved with 147,478,863 (75.61%) 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 186,131,916 (95.43%) 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

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

www.prairiesky.com