SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI ): StorageVault
announced today that the Board of Directors of StorageVault has approved the
adoption of an advance notice by-law (the "Advance Notice By-law"), which
requires advance notice to StorageVault in circumstances where nominations of
persons for election to the Board are made by shareholders other than pursuant
to a requisition of a meeting made pursuant to the provisions of the Business
Corporations Act (Alberta) ("ABCA") or a shareholder proposal made pursuant to
the provisions of the ABCA. 


Among other things, the Advance Notice By-law fixes a deadline by which
shareholders must submit a notice of director nominations to StorageVault prior
to any annual or special meeting of shareholders where directors are to be
elected and sets forth the information that a shareholder must include in the
notice for it to be valid. In the case of an annual general meeting of
shareholders, notice to the Chief Executive Officer of StorageVault must be made
not less than 30 nor more than 65 days prior to the date of the annual general
meeting of shareholders; provided, however, that in the event that the annual
general meeting of shareholders is called for at a date that is less than 50
days after the date (the "Notice Date") on which the first public announcement
of the date of the annual meeting was made, notice by the nominating shareholder
must be given not later than the close of business on the tenth (10th) day
following the Notice Date. In the case of a special meeting (which is not also
an annual general meeting) of shareholders called for the purpose of electing
directors (whether or not called for other purposes), notice to the Chief
Executive Officer of StorageVault must be made not later than the close of
business on the fifteenth (15th) day following the date on which the first
public announcement of the date of the special meeting of shareholders was made.


The purpose of the Advance Notice By-law is to foster a variety of interests of
the shareholders and StorageVault by ensuring that all shareholders, including
those participating in a meeting by proxy rather than in person, receive
adequate notice of the nominations to be considered at a meeting and can thereby
exercise their voting rights in an informed manner. In addition, the Advance
Notice By-law is intended to provide a reasonable framework for shareholders to
nominate directors and should assist in facilitating an orderly and efficient
meeting process.


At the next annual general and special meeting of shareholders of StorageVault
to be held on May 29, 2014, the shareholders will be asked to confirm and ratify
the Advance Notice By-law. A copy of the Advance Notice By-law has been filed
under StorageVault's SEDAR profile at www.sedar.com


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
StorageVault Canada Inc.
Mr. Alan Simpson
(306) 536-3771
simpson@storagevaultcanada.com

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