SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to report
results for the third quarter ended September 30, 2010.


Highlights of the Quarter:



--  Revenue increased by $224,998 to $751,997 representing a 42.7% increase
    compared to the same period last year. 
--  Net operating income from properties (non-GAAP measure) increased by
    $96,661 to $406,044 representing a 31.2% increase compared to the same
    period last year. 
--  Cash flow as measured by Funds from Operations (non-GAPP measure)
    increased by $45,746 to $200,519 representing a 29.6% increase compared
    to the same period last year. 
--  Free cash flow (non-GAAP measured as net operating income minus
    corporate expenses, long term debt principal and interest) increased by
    $36,297 to $125,176 representing a 40.8% increase compared to the same
    period last year. 
--  The Corporation entered into an agreement to manage a portfolio of six
    self-storage properties located in the province of Ontario. 


Subsequent to the Quarter:

--  On November 1, 2010 the Corporation acquired the assets and operations
    of Parksville Mini Storage, a self-storage facility located in the
    Parksville/Nanaimo region of British Columbia. 
--  On October 18, 2010 the Corporation drew down a second and final tranche
    of $2-million preferred share financing used in part to fund the
    acquisition of Parksville. 



Alan Simpson, President and CEO said "The Q3 results demonstrate and further
validate StorageVault's strategic objective to own, acquire and operate self
storage facilities across Canada, and to develop a complimentary and nationally
branded Canada-wide portable storage business to serve an untapped market in the
Canadian storage industry. StorageVault will remain focused on acquiring and
operating self storage facilities with proven cash flows, superior location in
relationship to markets, and excess physical space, to allow the continued
deployment of PUPS portable storage operations."


As at September 30, 2010, StorageVault's self storage portfolio included 113,000
square feet of rentable area, 55,000 square feet of rentable portable storage
area, and a further two portable storage locations secured in Cambridge, Ontario
and Nanaimo, British Columbia with planned launches in 2011.


StorageVault's quarter end occupancy averaged 83.8 % for the self storage
division and 79.2% for the portable storage division recognizing the stability
of StorageVault's portfolio. The Company's portable occupancy is reflective of
the maturing of operations in Regina and the progression of operations in
Winnipeg and Saskatoon.


About StorageVault Canada Inc.

StorageVault currently owns and operates Trans Can Mini-Stor in Regina, Kenaston
Self Storage in Winnipeg, B&B Self Storage in Cambridge, Parksville Mini Storage
in Parksville/Nanaimo and Canadian PUPS in Saskatoon. Both Trans Can Mini-Stor
and Kenaston Self Storage are self storage facilities operating in conjunction
with high margin Canadian PUPS portable storage franchises at each location.
StorageVault operates Canadian PUPS in Saskatoon as a stand-alone portable
storage franchise. StorageVault also manages six self-storage facilities in
southern Ontario and intends to continue to grow its business through the
acquisition of additional self-storage properties, and organically as master
franchisee through the deployment of Canadian PUPS portable storage operations
in both Cambridge and Nanaimo, as well as other future self storage
acquisitions.


The non-GAAP measures identified in this Press Release do not have any standard
meaning prescribed by Canadian generally accepted accounting principles ("GAAP")
and therefore may not be comparable to similar measures presented by other
issuers. These non-GAAP measures are more fully defined and discussed in the
management discussion and analysis of StorageVault for the three-months ended
September 30, 2010, available on SEDAR website at www.sedar.com


Forward-Looking Information: This news release may contain certain
forward-looking information. All statements included herein, other than
statements of historical fact, are 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.

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