SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI): Further to a press
release dated February 5, 2014, StorageVault is pleased to announce that
StorageVault has completed its non-brokered private placement of a combination
of half warrant units (each, a "Half Warrant Unit") and full warrant units
(each, a "Full Warrant Unit") at a price of $0.30 per either a Half Warrant Unit
or a Full Warrant Unit for aggregate gross proceeds of $1,000,000 (3,333,333
units) (the "Offering"). A total of $850,000 of Full Warrant Units (2,833,334
units) and $150,000 of Half Warrant Units (499,999 units) were issued pursuant
to the Offering. Each Half Warrant Unit is comprised of one common share
("Common Share") in the share capital of StorageVault and one-half (1/2) of one
Common Share purchase warrant (a "$0.35 Warrant") with each whole $0.35 Warrant
being exercisable for four years from the closing of the Offering into one
Common Share at an exercise price of $0.35 per share. Each Full Warrant Unit is
comprised of one Common Share and one full Common Share purchase warrant (a
"$0.37 Warrant") with each $0.37 Warrant being exercisable for four years from
the closing of the Offering into one Common Share at an exercise price of $0.37
per share.


Proceeds of the Offering will be used for the continued expansion of PUPS
Portable Storage in 2014, including the launch of planned new locations in
Edmonton, AB and London, ON. The securities issued pursuant to the Offering are
subject to a four month hold period (until June 25, 2014). After giving effect
to the Offering, StorageVault has 36,689,044 Common Shares issued and
outstanding.


The completion of the Offering is subject to final TSX Venture Exchange
approval. A company controlled by individuals who are directors and officers of
StorageVault participated in the Offering purchasing a total of $140,000 of the
Half Warrant Units (466,666 units) and $90,000 of the Full Warrant Units
(300,000 units). In addition, two companies that are currently insiders of
StorageVault purchased a total of $750,000 of the Full Warrant Units (2,500,000
units). StorageVault has determined that there are exemptions available from the
various requirements of TSX Venture Policy 5.9 and Multilateral Instrument
61-101 for the issuance of these units to these companies (Formal Valuation -
Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value
Not More Than $2,500,000). No new insiders were created, nor any change of
control occurred, as a result of this Offering.


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, Space Place Self Storage in Calgary,
Airport Road Self Storage in London and Canadian PUPS in Saskatoon. Trans Can
Mini-Stor, Kenaston Self Storage, B&B Mini Storage, Parksville Mini Storage and
Space Place Self Storage are fixed unit storage facilities operating in
conjunction with Canadian PUPS portable storage franchises at each location.
StorageVault operates Canadian PUPS Portable Storage in Saskatoon as a
stand-alone portable storage franchise. StorageVault also manages five
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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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. In particular, this news
release contains forward-looking information regarding: the use of proceeds of
the Offering, including the potential expansion of PUPS Portable Storage. There
can be no assurance that such forward-looking information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such forward-looking information. This forward-looking
information reflects StorageVault's current beliefs and is based on information
currently available to StorageVault and on assumptions StorageVault believes are
reasonable. These assumptions include, but are not limited to, TSX Venture
Exchange final approval of the Offering, the use of proceeds of the Offering
continuing to be acceptable and approved by the board of directors of
StorageVault and the cost of expansion of future PUPS locations approximating
past expansion costs for PUPS locations. Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of StorageVault
to be materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may include, but are
not limited to: general business, economic, competitive, political and social
uncertainties; capital market conditions and market prices for securities and
junior market securities; the actual results of StorageVault's business
operations; competition; changes in legislation, including environmental
legislation, affecting the StorageVault; timing and availability of external
financing on acceptable terms; and lack of qualified, skilled labour or loss of
key individuals. A description of additional assumptions used to develop such
forward-looking information and a description of additional 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. Although StorageVault has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. StorageVault does not
undertake to update any forward-looking information except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
StorageVault Canada Inc.
Mr. Alan Simpson
3603 Selinger Crescent
Regina, Saskatchewan S4V 2H7
Tel: (306) 536-3771
simpson@storagevaultcanada.com

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