STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to
announce that it has entered into an Agreement of Purchase and Sale (the "Sale
Agreement") to sell to PepsiCo Foods Canada ("PepsiCo"), a business unit of
PepsiCo Canada ULC, approximately 2.16 acres of land located in Cambridge,
Ontario (the "Sale Property") currently being used as storage for recreational
vehicles as part of StorageVault's B&B Mini Storage facility. The aggregate sale
price is $760,000 (subject to customary adjustments). The aggregate sale price
is comprised of $350,000 cash and the conveyance by PepsiCo to StorageVault of a
property at closing (the "Exchanged Property") consisting of approximately 1.45
acres of land situated adjacent to B&B Mini Storage. In addition, StorageVault
shall lease back the Sale Property for a two year term rent free. The Sale
Agreement is subject to a number of conditions, including but not limited to:
(i) the completion of due diligence and environmental investigations with
respect to the Exchanged Property that must be satisfactory to StorageVault in
its sole discretion; (ii) the completion of due diligence and environmental
investigations with respect to the Sale Property that must be satisfactory to
PepsiCo in its sole discretion; and (iii) legal severance of the Sale Property
from StorageVault's B&B Mini Storage lands in order to convey the Sale Property
to PepsiCo.


Pursuant to the Sale Agreement, the terms of payment to StorageVault by PepsiCo
for the Sale Property will be: (i) a $50,000 first refundable deposit upon
acceptance of the Sale Agreement; (ii) a second $75,000 deposit upon removal of
due diligence conditions; (iii) a final cash payment of $225,000 at closing; and
(iv) the conveyance of the Exchanged Property at closing.


There can be no assurance that the conditions under the Sale Agreement will be
satisfied, or that the sale will be successfully completed. If all conditions
under the Sale Agreement are satisfied, the sale is scheduled to close on March
2, 2011. The closing date may be extended by either party for an aggregate
extension not to exceed two months to allow for fulfillment of the severance
condition.


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 the Regional District of Nanaimo and Canadian PUPS in Saskatoon. Both Trans
Can Mini-Stor and Kenaston Self Storage are fixed unit storage facilities
operating in conjunction with high margin Canadian PUPS portable storage
franchises at each location. StorageVault currently 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 development of Canadian PUPS
portable storage facilities in Canada. StorageVault intends to launch its PUPS
portable storage business at both B&B Self Storage and Parksville Mini Storage
in the spring of 2011.


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.
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