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May 1, 2018

StorageVault Announces Jay Lynne Fleming as Nominee for Director

TORONTO, May 01, 2018 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (TSX-V:SVI) is pleased to announce that Jay Lynne Fleming will be a nominee for election as a director of StorageVault at the Annual General and Special Meeting of Shareholders (the “Meeting”) to be held on Wednesday, May 30, 2018 at 2:00 p.m. at Suite 6000, 1 First Canadian Place, 100 King Street W, Toronto, ON. Longtime director, Rob Duguid will not stand for re-election at the Meeting. The current directors standing for re-election at the Meeting are Steven Scott, Iqbal Khan, Al Simpson and Blair Tamblyn, and upon election, subject to TSX Venture Exchange acceptance, Jay Lynne Fleming will complete StorageVault’s five person Board of Directors.

Ms. Jay Lynne Fleming is President and CEO of CVL Investments Ltd., and former President and CEO of Storage for Your Life Solutions Inc. and Carousel Ventures Ltd. acquired by StorageVault in September 2015. Ms. Fleming’s early career was involved with the growth of Great Canadian Casino Company Ltd. (now, Great Canadian Gaming Corporation, TSX:GC) which became public in 1997. In 1999, Ms. Fleming entered the self-storage market. Over the next 15 years, she grew the Storage for Your Life business significantly through a series of land and business acquisitions, construction, building phasing and financing. Ms. Fleming currently serves on the Acquisition Committee for StorageVault and is also an active member of the Buildings and Grounds Committee, Mulgrave School, West Vancouver. Ms. Fleming completed her Business Management Administration Certificate with Capilano University in 1991.

Mr. Steven Scott, the Chief Executive Officer and a director of StorageVault commented, “We are excited to add Jay’s extensive industry experience, public markets knowledge and operational expertise to our team.”

Mr. Steven Scott also commented, “On behalf of the Board, shareholders and all stakeholders of StorageVault, we would like to thank Rob for his dedication, commitment, time and effort as a director of StorageVault. Rob has been with StorageVault as a director since 2009 and has been a valuable member of our team as we have grown throughout that period. We wish Rob all the best in the future.”

About StorageVault Canada Inc.

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

For further information, contact Mr. Steven Scott or Mr. Iqbal Khan:

Tel: 1-877-622-0205

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.

Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to the nomination of Jay Lynne Fleming as a director of StorageVault. This forward-looking information reflects StorageVault’s current beliefs and is based on information currently available to StorageVault and on assumptions StorageVault believes are reasonable. These assumptions include, but are not limited to: the acceptance of the TSX Venture Exchange and StorageVault’s shareholders of Ms. Fleming as a director of StorageVault. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of StorageVault to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting StorageVault; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and appraisals; and lack of qualified, skilled labour or loss of key individuals. A description of additional assumptions used to develop such forward-looking information and a description of additional 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 Although StorageVault has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of StorageVault as of the date of this news release and, accordingly, is subject to change after such date. However, StorageVault expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

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