SVI Storagevault Canada Inc

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) Further to a press
release dated November 2, 2011, StorageVault is pleased to announce that it has
completed the acquisition of all of the assets and business (collectively the
"Acquisition") operating as Space Place Self Storage in southeast Calgary
("Space Place Self Storage Southeast") from Ellmar Developments Ltd. The
Acquisition is an arm's length transaction.


About the Acquisition

Space Place Self Storage Southeast is a self-storage business operating in
Calgary, Alberta. 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. StorageVault intends to develop and operate a PUPS
portable storage business in Calgary, Alberta in conjunction with the
Acquisition of Space Place Self Storage Southeast.


The purchase price for the Acquisition was $3,000,000. After standard customary
closing adjustments and property transfer taxes, the purchase price was
comprised of cash deposits totalling $100,000, a final cash payment totalling
$635,623 and a mortgage of $2,250,000. The Acquisition is subject to final
acceptance of the TSX Venture Exchange. 


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 and Canadian PUPS in Saskatoon. Trans Can
Mini-Stor, Kenaston Self Storage, B&B Mini Storage and Parksville Mini Storage
are fixed unit storage facilities operating in conjunction with high margin
Canadian PUPS portable storage franchises at each location. StorageVault
operates Canadian PUPS 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.


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. 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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