http://www.newswire.ca/en/releases/a...

Franco-Nevada's first full quarter of operations was profitable with
revenues of $27.5 million, Free Cash Flow(*) of $23.4 million
($0.26 per share) and Net Income of $5.2 million ($0.06 per share).

- Elevated prices during the quarter for Franco-Nevada's key
commodities, Gold, Oil, Platinum and Palladium boosted the first
quarter results.

- At quarter end, Franco-Nevada had no debt, working capital of
$290.9 million, available-for-sale quoted securities with a market
value of $40.6 million and an available Credit Facility of
$150.0 million.

- Franco-Nevada announced the start of expected regular semi-annual
dividend payments with the declaration today of an initial dividend
of Cdn.$0.12 (U.S.$0.1195) per share to be paid on June 23rd to
shareholders of record on June 9th. This dividend is designated as an
"eligible dividend" for Canadian tax purposes.