SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to
announce that it has entered into an acquisition agreement of purchase and sale
(the "Acquisition Agreement"), to acquire from an arm's length third party a
property located in Edmonton, Alberta (the "Acquisition"). The aggregate
purchase price is $1,500,000 (subject to customary adjustments). StorageVault
has also provided notice to the vendor of the satisfaction of the due diligence
and environmental investigations conditions with respect to the property. The
Acquisition is scheduled to close on May 15, 2014, or such earlier or later date
as is mutually agreeable. The purchase price payment terms for the acquisition
is: (i) a $50,000 initial refundable deposit; (ii) a second $50,000 deposit
(refundable in certain circumstances) to be paid within 7 business days from the
removal of the due diligence conditions; and (iii) a final payment of $1,400,000
to be paid at closing. The Proposed Transaction is subject to standard closing
conditions including the representations and warranties of the vendor contained
in the Acquisition Agreement being true and correct at closing and the delivery
of standard closing documentation. There can be no assurance that the closing
conditions contained in the Acquisition Agreement will be satisfied, or that the
Acquisition will be successfully completed.


About the Property

The acquired property is approximately 3.0 acres in size and is located in the
Maple Ridge Industrial Park in Edmonton, Alberta. Approximately 1.5 acres of the
acquired property is developed as a compacted gravel compound, which includes an
office dwelling and a 2300 sq. ft. steel framed building on a concrete pad.
StorageVault intends to launch and operate a PUPS portable storage business from
the location to serve the City of Edmonton and the surrounding area.


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 contains 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 Acquisition. 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, the continuing due diligence in
respect of the Acquisition being satisfactory, receipt of all approvals required
to complete the Acquisition and the delivery satisfactory closing documents
required to complete the Acquisition. 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
(306) 536-3771
simpson@storagevaultcanada.com


StorageVault Canada Inc.
3603 Selinger Crescent
Regina, Saskatchewan S4V 2H7

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