Grenville Announces Receipt for Final Prospectus

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") today
announced that it has received a receipt (the "Receipt") for its short form
prospectus dated May 9, 2014 filed with the securities regulatory authorities in
the applicable provinces of Canada with respect to the distribution of an
aggregate of 20,000,000 common shares of Grenville (the "Common Shares")
issuable pursuant to the exercise of an aggregate of 20,000,000 special warrants
(the "Special Warrants"). The Special Warrants were issued on March 27, 2014 at
a price of $0.50 per Special Warrant on a "bought deal" private placement basis
with a syndicate of underwriters led by National Bank Financial Inc. In
accordance with the indenture governing the Special Warrants, each Special
Warrant entitles the holder thereof to receive one Common Share on the exercise
or deemed exercise of the Special Warrant for no additional consideration. All
unexercised Special Warrants will be deemed to have been exercised without the
payment of additional consideration or further action on the part of the holder
at 4:59 p.m. (Toronto time) on May 14, 2014, being the third business day
following the date of the Receipt.


Following the date of the deemed exercise of the Special Warrants, Grenville
will have an aggregate of 59,269,856 Common Shares issued and outstanding.


The securities offered have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. 


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grenville Strategic Royalty Corp.
William (Bill) R. Tharp
President and Chief Executive Officer
(416) 777-0383

Grenville Strategic Royalty (TSXV:GRC)
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