StorageVault Canada Inc. Announces Normal Course Issuer Bid

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) announced today that
it has received regulatory approval from the TSX Venture Exchange (the "TSX
Venture") to make a Normal Course Issuer Bid ("NCIB") to purchase for
cancellation, during the 12-month period commencing June 12, 2012, up to
1,673,561 of its common shares, representing 5% of the common shares outstanding
as at June 12, 2012. The program will end on June 11, 2013 unless the maximum
amount of common shares is purchased before then or StorageVault provides
earlier notice of termination.


The purchase and payment for the common shares will be made by StorageVault
through the facilities of the TSX Venture. MGI Securities Inc. has been selected
as StorageVault's agent for the NCIB. The price paid for the common shares will
be, subject to NCIB pricing rules contained in securities laws, the prevailing
market price of such common shares on the TSX Venture at the time of such
purchase. StorageVault intends to fund the purchases out of available cash.


StorageVault believes that the market price of its common shares may not reflect
their underlying value and the Board of Directors has authorized this initiative
because, in the Board's opinion, the proposed purchase of common shares pursuant
to the NCIB constitutes an appropriate use of StorageVault's funds, and the
repurchase of its common shares is one way of creating shareholder value.


To the knowledge of StorageVault, no director, senior officer or other insider
of the StorageVault currently intends to sell any common shares under the NCIB.
However, sales by such persons through the facilities of the TSX Venture may
occur if the personal circumstance of any such person change or any such person
makes a decision unrelated to these NCIB purchases. The benefits to any such
person whose common shares are purchased would be the same as the benefits
available to all other holders whose common shares are purchased.


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, Space Place Self
Storage in Calgary and Parksville Mini Storage in the Regional District of
Nanaimo. With the exception of Calgary, each of these locations 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 in southern Ontario in conjunction with two Canadian
PUPS portable storage franchises in Ottawa and Peterborough. 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. For more
information about StorageVault Canada visit www.storagevaultcanada.com.


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. In particular, this news
release contains forward-looking information about potential purchases of
StorageVault's common shares through the NCIB. 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. In providing
such forward-looking information, StorageVault has made assumptions about the
market price of StorageVault's common shares and StorageVault's continued
operations and financial performance. A description of other 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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