SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to
announce the acquisition of 2.16 acres of undeveloped land in Saskatoon,
Saskatchewan. The acquisition was conducted through a Court approved sales
process with the transfer of title being conveyed to StorageVault on April 9,
2012. 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 use the acquired land in
Saskatoon for an expanded PUPS portable storage operation and as location to
develop a self-storage operation using PUPS storage units as fixed on-site
storage lockers.


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.


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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