Grenville Interim Update and Completion of New Investment in Mera Development Corporation

Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") is pleased to
provide an interim update on the development of its growing royalty portfolio
and concurrently announce that it has completed the purchase of a gross sales
royalty from Mera Development Corporation ("Mera"), an energy and food
engineering services and solutions business.


Interim Update

Grenville management is pleased to provide an interim update on the progress of
the company in the building out of its royalty portfolio. In less than one year,
Grenville has gone from a concept company to just over $10mln of capital
invested across 13 investments in 10 individual companies. The portfolio now has
broad exposure across several highly diverse and uncorrelated industries in
Canada and the United States, including e-learning, building materials, building
and infrastructure management, automotive, water infrastructure, energy
services, and now, with the addition of Mera, energy and food engineering. 


"Since Grenville established itself as a public company earlier this year, which
required considerable management and board time and effort, there has been a
substantial strengthening in a number of critical relationships within the
Canadian capital markets - firms that see the capital market gap we're seeking
to address," said Steven Parry, Grenville's Executive Chairman. "The velocity of
deal flow and transactions being closed are steadily increasing, as is our
team's ability to execute more efficiently with each portfolio addition. This is
being matched by a growing list of quality companies interested in exploring our
royalty-based financing solution. As Grenville's pipeline of opportunities
continues to expand this capital market support remains an important factor in
our success."


Mera Royalty Agreement

Mera is a Regina, Saskatchewan-based provider of engineering solutions focusing
on the energy and food sectors. Mera is a leader in collaborating with its
global client base to develop solutions that utilize technology and data
management as a competitive advantage to improve performance. 


"Mera is a solid addition to the Grenville portfolio. Mera's management and
technical team have established their engineering technology service offerings
within a growing list of blue-chip clients in the energy and food technology
markets," said William (Bill) R. Tharp, Grenville's Chief Executive Officer.
"Mera has additionally positioned itself very well for some exciting domestic
and international growth opportunities. We're pleased to welcome Mera to our
growing royalty portfolio and to concurrently gain exposure to its energy and
food driven markets."


Wayne Goranson, Mera's Chief Executive Officer, commented: "The Grenville team
put forward a commercial and fair set of terms and worked with us through to the
close. Royalty financing growth really is unique - as business owners, the
impact of no dilution or command-and-control covenants was very appealing."


Mera represents Grenville's 13th investment with approximately $10.05 million in
royalty-based financings across Canada and the US. 


About Mera

Mera Development Corporation is a Regina, Saskatchewan-based company
specializing in helping clients improve their performance through the
application of technology. Mera focuses primarily on the energy industry and
food processing. 


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 forward-looking
statements contained in this document, Grenville has made certain assumptions.
Assumptions about the performance of the Canadian and U.S. economies over the
next 24 months and how that will affect Grenville's business and its ability to
identify and close new opportunities with new investees are material factors
that Grenville considered when setting its strategic priorities and objectives,
and its outlook for its business. Key assumptions include, but are not limited
to: assumptions that the Canadian and U.S. economies will continue to grow
moderately over the next 12 to 24 months; that interest rates will not increase
dramatically over the next 12 to 24 months; that Grenville's existing investees
will continue to make royalty payments to Grenville as and when required; that
the businesses of Grenville's investees will not experience material negative
results; that Grenville will continue to grow its portfolio in a manner similar
to what has already been established; that tax rates and tax laws will not
change significantly in Canada and the U.S.; that more small to medium private
and public companies will continue to require access to alternative sources of
capital; and that Grenville will have the ability to raise required equity
and/or debt financing on acceptable terms. Grenville has also assumed that
access to the capital markets will remain relatively stable, that the capital
markets will perform with normal levels of volatility and that the Canadian
dollar will not have a high amount of volatility relative to the U.S. dollar. In
determining expectations for economic growth, Grenville primarily considers
historical economic data provided by the Canadian and U.S. governments and their
agencies.


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.


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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