SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to
announce results for the fiscal year ended December 31, 2011. Highlights for the
fiscal year are presented below. StorageVault's annual financial statements and
management's discussion and analysis for the year ended December 31, 2011 are
filed on SEDAR and available at www.sedar.com.


Highlights of the Fiscal Year:



--  Revenue increased by $1,341,442 to $3,885,105 representing a 52.7%
    increase compared to the 2010 fiscal year. 
--  Net operating income from properties (a non-IFRS measure) increased by
    $333,466 to $1,740,309 representing a 23.7% increase compared to last
    year. 
--  Cash flow as measured by Funds from Operations (a non-IFRS measure)
    increased by $118,036 to $626,658 representing a 23.2% increase compared
    to last year.



Subsequent to the Fiscal Year end:



--  On November 2, 2011 StorageVault announced that it entered into an
    Acquisition Agreement of Purchase and Sale to acquire from an arm's
    length vendor a self-storage facility located in Calgary, Alberta. The
    aggregate purchase price is $3,000,000 (subject to customary
    adjustments). The Acquisition 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 property
    that must be satisfactory to StorageVault in its sole discretion; (ii)
    satisfactory financing; (iii) approval by the board of directors of
    StorageVault to be given or withheld in its sole discretion; and (iv) if
    applicable, approval of the shareholders of StorageVault. If all
    conditions under the Acquisition Agreement are satisfied, the
    acquisition is scheduled to close on April 30, 2012, or such earlier or
    later date as is mutually agreeable. The self-storage facility has over
    400 rental units with approximately 35,000 square feet of rentable self-
    storage space together with outdoor spaces for storage of vehicles. The
    total size of the site is approximately 1.50 acres. The Corporation
    intends to develop and operate a PUPS portable storage business in
    Calgary in conjunction with the acquisition of the self-storage
    facility. 
--  On March 15, 2012 the Corporation completed the acquisition of 2.16
    acres of undeveloped land in Saskatoon, SK. The aggregate purchase price
    was $480,000 (subject to customary adjustments) and was paid for by
    $360,000 of bank mortgage financing and the remainder in cash. The
    Corporation's intention is to develop this land for an expanded PUPS
    portable storage operation in Saskatoon and to develop fixed on-site
    self-storage using PUPS storage units.



As at December 31, 2011, StorageVault's self-storage portfolio included 132,700
square feet of rentable area and 90,000 square feet of rentable portable storage
area.


About StorageVault Canada Inc.

StorageVault currently owns and operates Trans Can Mini-Stor in Regina, Kenaston
Self Storage in Winnipeg, B&B Mini Storage in Cambridge, and Parksville Mini
Storage in the Regional District of Nanaimo. Each of these sites operates in
conjunction with a high margin Canadian PUPS portable storage franchise.
StorageVault also owns and operates a Canadian PUPS facility in Saskatoon as a
stand-alone portable storage franchise. Additionally, StorageVault manages five
self-storage facilities and two Canadian PUPS portable storage franchises in
southern Ontario. StorageVault 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.


The non-IFRS measures identified in the Press Release do not have any standard
meaning prescribed by International Financial Reporting Standards and therefore
may not be comparable to similar measures presented by other issuers. These
non-IFRS measures are more fully defined and discussed in the management
discussion and analysis of StorageVault for the year ended December 31, 2011,
available on the 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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