StorageVault Announces the Signing of an Acquisition Agreement for A Self-Storage Business in London, Ontario

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 vendor a
self-storage facility located in London, Ontario. The aggregate purchase price
is $2,575,000 (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. 


There can be no assurance that the conditions under the Acquisition Agreement
will be satisfied, or that the acquisition will be successfully completed. If
all conditions under the Acquisition Agreement are satisfied during the due
diligence period, the acquisition is scheduled to close March 25, 2013, or such
earlier or later date as is mutually agreeable.


The purchase price payment terms for the acquisition are a $25,000 initial
refundable deposit, a second $25,000 deposit (refundable in certain
circumstances) to be paid upon removal of due diligence conditions and a final
cash payment of $2,525,000 at closing.


About the London Self-Storage Facility

The London self-storage facility has approximately 50,000 square feet of
rentable self-storage space together with outdoor space for storage of vehicles.
StorageVault intends to develop and operate a PUPS portable storage business in
London in conjunction with the acquisition of the self-storage facility.


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 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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
StorageVault Canada Inc.
Mr. Alan Simpson
3603 Selinger Crescent
Regina, Saskatchewan S4V 2H7
(306) 536-3771

Storagevault Canada (TSXV:SVI)
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