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Grenville Completes Investment in Cherubim Builders Group, LLC

TORONTO, ONTARIO -- (Marketwired) -- 04/28/14 -- Grenville Strategic Royalty Corp. (TSX VENTURE: GRC) ("Grenville") is pleased to announce that it has completed the purchase of a gross sales royalty from Cherubim Builders Group, LLC ("Cherubim") for a purchase price of USD$1 million, with an option, if agreed upon by both companies, to advance an additional USD $500,000. In exchange for these advances, Grenville will receive a royalty based on Cherubim's gross revenues within Grenville's targeted 1% - 4% royalty range, subject to certain adjustments.

Cherubim is a Fort Worth, Texas-based holding company with three operating subsidiaries in the construction industry: WaterMasters Restoration Inc., Designer Lane, Inc. and Metroplex Home Repair, Inc., DBA Gregg Construction. Cherubim is engaged primarily in large loss/fire restoration and reconstruction projects within the Dallas/Fort Worth area and has over twenty years of experience servicing its existing insurance partners.

"Cherubim is a long-standing, family-like business which has seen sustainable growth and a history of profitability through its network of insurance relationships," said William (Bill) R. Tharp, Grenville's Chief Executive Officer. "There is a solid fit with the Cherubim team, led by Charly Everett, and we are confident that our capital will help Cherubim expand its business within the Dallas/Fort Worth market."

Charles Everett, Chief Executive Officer of Cherubim, commented: "The two most frustrating hurdles facing a small business that is poised to grow based on opportunities at hand are... funding and funding. Grenville and their personnel are highly motivated, courteous and professional, and meet all criteria for adding a new 'partner' to a business. From first introduction, they had one thing in mind: mutuality in finding common ground for both parties' interests to be served. Grenville is truly 'partner worthy' in all respects. We couldn't be more pleased with the relationship with Grenville and are extremely optimistic about the future of our relationship with Grenville."

Cherubim represents Grenville's 9th investment since its inception in July, 2013. To date, Grenville has completed approximately $5.7 million in royalty-based financings across Canada and the US.

About Cherubim

Cherubim is a Fort Worth, Texas-based holding company with three operating subsidiaries in the construction industry: WaterMasters Restoration Inc., Designer Lane, Inc., and Metroplex Home Repair Inc., DBA Gregg Construction. Gregg Construction was originally established in 1972 and operates as a full service restoration and reconstruction company with an emphasis on catastrophic event restoration in both the residential and commercial arena, as well as multiple insurance carrier loss programs. WaterMasters was established in 1999 as an emergency services/mitigation provider and currently operates as a full service restoration and reconstruction company with a heavy emphasis on large loss/fire events in the insurance arena. Designer Lane was established in 2001 as a construction materials supply company within the group. Cherubim was formed in 2011 to consolidate these three operating subsidiaries.

About Grenville

Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can bridge the financing needs of these companies until traditional debt or equity is available to them on more attractive commercial terms. The application of Grenville's royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model - Capital Simplified - that has already attracted a considerable number of opportunities with attractive potential returns.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only Grenville's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Grenville's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken, "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, information with respect to: prospective financial performance; expenses and operations; anticipated cash needs and need for additional financing; anticipated funding sources; future growth plans; royalty acquisition targets and proposed or completed royalty transactions; estimated operating costs; estimated market drivers and demand; business prospects and strategy; anticipated trends and challenges in Grenville's business and the markets in which it operates; and financial position.

By identifying such information and statements in this manner, Grenville is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Grenville to be materially different from those expressed or implied by such information and statements. An investment in securities of Grenville is speculative and subject to a number of risks including, without limitation, risks relating to: the need for additional financing; the relative speculative and illiquid nature of an investment in Grenville; Grenville's lack of operating history; Grenville's ability to generate sufficient revenues; Grenville's ability to manage future growth; the limited diversification in Grenville's existing investments; dependence on the operations, assets and financial health of investee companies; limited ability to exercise control or direction over investee companies; potential defaults by investee companies and the unsecured nature of Grenville's investments; Grenville's ability to enforce on any default by an investee company; competition with other investment entities; tax matters; Grenville's ability to pay dividends in the future and the timing and amount of those dividends; reliance on key personnel, particularly Grenville's founders; dilution of shareholders' interest through future financings; and general economic and political conditions.

Although Grenville has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and statements contained in this document, Grenville has made certain assumptions. Although Grenville believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. For additional information with respect to these risks, uncertainties and assumptions, please refer to the "Risk Factors" section of Grenville's annual information form dated April 21, 2014 and the other public filings of Grenville available on SEDAR at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof, and Grenville does not undertake to update any forward-looking information that is contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to Grenville or persons acting on its behalf is expressly qualified in its entirety by this notice.

Neither 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.

Contacts:
Grenville Strategic Royalty Corp.
William (Bill) R. Tharp
President and Chief Executive Officer
(416) 777-0383

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