Grenville Completes Follow-On Investment in PFO Global Group

Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") is pleased to
announce that it has advanced an additional USD$500,000 to Pro Fit Optix Holding
Company, LLC, doing business as PFO Global Group ("PFO"). In exchange for the
amounts advanced to PFO, Grenville will receive a royalty based on PFO's gross
revenues within Grenville's targeted 1% - 4% royalty range, subject to certain
adjustments.


PFO is engaged in the manufacturing and distribution of eyewear through
proprietary manufacturing, ordering and delivery systems that reduce cost to
eyewear providers and offer a broader range of choice to participants in the
United States Medicaid and Medicare programs. PFO is poised to participate in
this rapidly growing market following implementation of the Affordable Health
Care Act in the United States.


"PFO's collaboration with Grenville has been excellent since first partnering
with the company in February of this year. As President and Chief Executive
Officer of a growing company, I can say this partnership has allowed PFO to
increase our working capital, drive sales in Managed Vision Care and continue
the production of our Advanced Technology Products," said Rudolf (Ruedi) Suter,
PFO's President and Chief Executive Officer. "We are pleased to have the
continuing opportunity to further our partnership with PFO," commented William
(Bill) R. Tharp, Grenville's Chief Executive Officer. "We have worked very
closely with Ruedi and the PFO team since providing our first installment and
are feeling very confident about the current direction of the business." 


This advance represents Grenville's 14th investment, with approximately $10.58
million in royalty-based financings across Canada and the US. 


About PFO 

PFO Global is an innovative manufacturer of advanced lens designs, complete
eyewear and mobile dispensing equipment. With interactive manufacturing systems
that connect the world, complete material fulfillment systems and a proprietary
online ordering system, PFO is focused on meeting today's economic needs with
tomorrow's technology. Headquartered in Irving Texas with high capacity
manufacturing facilities and R&D centers around the world, PFO is committed to
optical technologies that enhance the quality of life and transform business.


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 return
potential. 


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
[phone]