StorageVault Closes Acquisition of $4.1 Million Ottawa Self Storage Asset

November 03, 2016

CALGARY, ALBERTA--(Marketwired - Nov. 3, 2016) - STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to announce that, further to its August 8, 2016 news release, it has completed the $4,100,000 acquisition of all of the self storage assets, property and business used in the operation of one Ottawa area self storage store (the "Acquisition"). The Acquisition is an arm's length transaction.

The purchase price for the Acquisition in the amount of $4,100,000, subject to adjustments, was paid with cash on hand and first mortgage financing. With this Acquisition, StorageVault now has 16 stores in the strong Ontario market.

About StorageVault Canada Inc.

StorageVault owns and operates storage locations in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mr. Steven Scott or Mr. Iqbal Khan