SVI Storagevault Canada Inc

StorageVault Canada Inc. ("StorageVault") (TSX VENTURE:SVI) Further to
disclosure requirements of applicable securities laws, StorageVault reports that
on May 4, 2009 Alan Simpson, President, CEO and a director of StorageVault,
purchased 999,143 common shares ("Shares") of StorageVault Canada Inc.
("StorageVault") at a price of $0.23 per Share for total consideration of
$229,865 pursuant to a private share sale agreement (the "Transaction") and
received 688,397 Shares in the form of a dividend payment (the "Dividend") from
a third party corporation, with each Share issued pursuant to the Dividend
having a deemed value of $0.23 per Share. Upon completion of the Transaction and
the Dividend, Mr. Simpson will own or control 3,287,810 Shares or approximately
9.8% of the total issued and outstanding Shares of StorageVault and options to
acquire 400,000 Shares ("Options") at a price of $0.20 per Share. Assuming
exercise of such Options, Mr. Simpson would own or control 3,687,810 Shares or
approximately 10.8% of the total issued and outstanding Shares of StorageVault.
The Transaction was made for investment purposes. Mr. Simpson may increase or
decrease his investment in StorageVault depending on market conditions or any
other relevant factors.


StorageVault Canada Inc. 

StorageVault currently owns and operates Trans Can Mini-Stor in Regina and
Kenaston Self Storage in Winnipeg. Both facilities are fixed unit storage
facilities operating in conjunction with high margin Canadian PUPS portable
storage franchises at each location. The common shares of StorageVault are
listed on the TSX Venture Exchange.


Forward-Looking Information: This news release may contain certain
forward-looking information. All statements included herein, other than
statements of historical fact, is forward-looking information and such
information involves various risks and uncertainties. There can be no assurance
that such information will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in StorageVault's disclosure
documents on the SEDAR website at www.sedar.com. StorageVault does not undertake
to update any forward-looking information except in accordance with applicable
securities laws.

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