DGM

DGM Minerals Corp. ("DGM" or the "Company") (TSX VENTURE:DGM) is pleased to
announce, further to its news release issued November 5, 2013, that it has
entered into a definitive share purchase agreement dated January 9, 2014 (the
"Share Purchase Agreement"), under which DGM has agreed to purchase all of the
issued and outstanding shares of five companies which, collectively, own and
operate five self-storage stores in Poland and the Czech Republic (the
"Assets"). In conjunction with the Share Purchase Agreement, DGM also entered
into an asset purchase agreement dated January 9, 2014 (the "Asset Purchase
Agreement") with Mr. Guy Pinsent, under which DGM acquired the exclusive right
to purchase the Assets from the vendors. Prior to executing the agreements, DGM
conducted extensive financial and legal due diligence respecting the Target
Companies and the Assets. 


When consummated, the transaction will make DGM the largest self-storage chain
in Central Europe, a region which management believes is poised for substantial
short and long term growth in the self-storage sector.


DGM's President and CEO, Peter Smith, continues to express a great deal of
enthusiasm for the proposed transaction: "We've spent a lot of time and
resources assessing this opportunity for DGM and we continue to feel that it has
outstanding potential. Self-storage is an attractive sector to be in, and this
particular opportunity gives us five established self-storage businesses, all
purpose-built or renovated specifically for self-storage, and all in central,
inner-city locations where real estate values are expected to grow. We also feel
there is a significant growth opportunity for self-storage in Central and
Eastern Europe, given that a city like Warsaw, for example, with a population
close to that of Toronto, has only two self-storage stores, both of which we
will acquire under the transaction. However, there still remains a lot of work
to be done before the transaction can be closed. Management will continue to
update the market as we progress." 


The proposed transaction will be a "change of business" transaction ("COB")
under the policies of the TSX Venture Exchange, and accordingly requires the
approval of DGM's shareholders. In conjunction with the transaction, DGM will
consolidate its current issued and outstanding shares on a 10:1 basis (the
"Consolidation") and will change its name to "Less Mess Storage Inc." Prior to
pursuing the transaction that is the subject of this news release, DGM was
listed under the Mining Industry segment, focused on exploring the Notamiche
Property in Quebec. In June 2013, DGM determined that it wasn't in its best
interests to continue to expend resources on the property. Following completion
of the transaction and the acquisition of the Assets, DGM will be listed on the
TSX Venture Exchange under the Industrial Industry Segment.


The Share Purchase Agreement

The vendors under the Share Purchase Agreement are Selvaag Eiendom A.S. and
Selvaag Self-Storage A.S. (the "Vendors"), each incorporated under the laws of
Norway. Each of the Vendors is owned by Selvaag Gruppen A.S., out of Norway. DGM
is acquiring five companies (the "Target Companies") under the Share Purchase
Agreement: three companies incorporated in Poland (Krakowska House Sp. z o.o.,
Torunska House Sp. z o.o. and City Self-Storage Sp. z o.o.) and two companies
incorporated in the Czech Republic (Selvaag Evropska Building A.S. and City
Self-Storage S.R.O.). All of the issued and outstanding shares of Krakowska
House Sp. z o.o., Torunska House Sp. z o.o. and Selvaag Evropska Building A.S.
(which are property holding companies) are owned by Selvaag Eiendom A.S. All of
the issued and outstanding shares of City Self-Storage Sp. z o.o. and City
Self-Storage S.R.O. (which are operating companies) are owned by Selvaag
Self-Storage A.S. Collectively, the five companies being acquired operate five
self-storage stores, two of which are in Warsaw, Poland, and three of which are
in Prague, Czech Republic.


Under the Share Purchase Agreement, DGM will acquire the Target Companies for an
aggregate purchase price of 14,000,000 Euros, 7,000,000 Euros of which is
payable on closing, and 7,000,000 Euros of which will be Vendor financed through
DGM's assumption of existing debt owed by the Target Companies to the Vendors. 


The 7,000,000 Euros of existing debt has been divided into two equal facilities
(A and B) of 3,500,000 Euros each. Facility A will bear interest as follows: for
three years from the closing date, the interest rate shall be three-month
Euribor plus 2.5%, but in no case shall it exceed 5.0%; and following three
years from the closing date until the maturity date (five years after the
closing date), the interest rate shall be three-month Euribor plus 8.0%.
Facility B will bear interest as follows: for three years from the closing date,
the interest rate shall be 5.0%; and following three years from the closing date
until the maturity date (five years after the closing date), the interest rate
shall be three-month Euribor plus 8.0%. The principal on the facilities shall be
repaid as follows: 125,000 Euros on each facility on the first and second
anniversaries after closing; 400,000 Euros on each facility on the third and
fourth anniversaries after closing; the remaining principal on the fifth
anniversary after closing. The existing debt will be secured by a first charge
against the four freehold properties owned by the Target Companies. 


The Share Purchase Agreement provides that closing of the transaction must occur
within 60 days of the date of the Agreement; provided however that the Vendors
have agreed to extend the closing date for reasonable administrative delays or
to receive TSX Venture Exchange approval of the transaction, as long as DGM has
demonstrated by no later than February 15, 2014 that it has secured financing of
no less than 7,000,000 Euros to close the transaction.


Upon executing the Share Purchase Agreement, DGM paid a 100,000 Euro deposit to
the Vendors. Under the Agreement, if the transaction fails to close because DGM
fails to secure necessary financing, the deposit will be forfeited to the
Vendors. If the transaction fails to close for any other reason, the deposit
will be returned to DGM. 


The Assets

The Assets being acquired by DGM are five self-storage stores, each of which has
been operating for at least five years. The five stores are operated by the
Vendors under the name "City Self-Storage" and will be re-branded by DGM to
"Less Mess Storage". Two of the five stores are in Warsaw, Poland, and three are
in Prague, Czech Republic. In the case of four of the five stores, DGM will also
be acquiring the attached real estate on which such stores operate. The fifth
store operates in a leased property and the lease agreement is due for renewal
in 2022.


Warsaw Stores

The Target Companies own and operate two stores near the centre of Warsaw,
Poland: the Krakowska store and the Torunska store.


The Krakowska store is four kilometres from Warsaw's city center and its lot is
approximately 26,000 square feet. The self-storage facility was built in 2006,
and has 695 rental storage rooms with a combined self-storage area of
approximately 25,000 square feet. The self-storage areas include a retail space
and office. The self-storage section of the building has four levels, and there
are two additional levels of rental office space above the storage area, with a
separate entrance and elevator. The building also has an underground parking
garage with 43 parking spaces. Average occupancy of the Krakowska store over the
past 12 months to December 13, 2013, has been 93%.


The Torunska store is eight kilometres from Warsaw's city center. The lot is
approximately 32,000 square feet. The self-storage facility was built in 2007
and has 747 rental storage rooms with a combined self-storage area of
approximately 30,000 square feet, as well as a retail area. The self-storage
section of the building has three levels, and the outdoor parking lot has 12
parking stalls. Average occupancy of the Torunska store over the past 12 months
to December 13, 2013, has been 80%. 


Prague Stores 

The Target Companies have three stores located in Prague, Czech Republic: the
Holesovice store, the Dejvice store and the Pankrac store. The Holesovice store
and the Dejvice store are owned by the Target Company, while the Pankrac store
is a leased property.


The Holesovice store is three kilometres from Prague's city center and its lot
is approximately 85,000 square feet. The original buildings on the site are
comprised of a three level main building and a two level sub-building. These
buildings were constructed in 1951 but were then converted through an extensive
renovation for self-storage purposes in 2002. There are 556 rental storage rooms
with a combined self-storage area of approximately 54,000 square feet and a
retail space. These buildings also house a storage area for ancillary products
sold by the Target Companies throughout the Czech Republic and Poland, and an
open plan office area for central staff, a marketing coordinator and financial
controller, both handling Poland as well as the Czech Republic. Average
occupancy of the Holesovice store over the past 12 months to December 13, 2013,
has been 80%. 


The Dejvice store is the newest store of the five operated by the Target
Company. It is located five kilometres from Prague's city center and its lot is
approximately 30,000 square feet. The self-storage facility was built in 2008
and has 635 rental storage rooms with a combined self-storage area of
approximately 28,000 square feet. The self-storage section of the building has
six levels, and the outdoor parking lot has 34 parking stalls. Average occupancy
of the Dejvice store over the past 12 months to December 13, 2013, has been 67%.


The Pankrac store is the only store of the five that is not owned by the Target
Companies. The leased facility is located three kilometres from Prague's city
center and consists of three floors of a car parking garage, converted to
self-storage use in 2002, and a retail area. The Pankrac store has 633 rental
storage rooms with a combined self-storage area of approximately 25,000 square
feet. The self-storage section of the building has three levels, and the outdoor
parking lot has ten parking stalls. Average occupancy of the Holesovice store
over the past 12 months to December 13, 2013, has been 87%.


Financial Information Respecting the Assets

The audited total revenue for all five stores for the 12 months ended September
30, 2013 was $4,155,513, with an unaudited EBITDA for the same period of
$2,104,273. Total assets of the Target Companies as of September 30, 2013 were
$18,963,990 (audited), and the net book value of the tangible assets of the
Target Companies were $16,869,072 (audited), split between tangible assets of
$8.4m in Poland and $8.5m in the Czech Republic. 


Self-storage revenues for the Target Companies (collectively) have grown 20%
over the past three years and EBITDA has grown 36%.


The Asset Purchase Agreement

Under the Asset Purchase Agreement, DGM acquired from Pinsent the exclusive
right to purchase the Assets from the Vendors, which exclusive right Pinsent had
secured under a letter agreement dated as of October 29, 2013. DGM will also
acquire other assets that Pinsent has obtained or developed with respect to his
proposed acquisition of the Assets, including certain intellectual property
respecting the business to be conducted following the successful acquisition of
the Assets (i.e. the "Less Mess" brand and intellectual property). 


The consideration payable under the Asset Purchase Agreement is the issuance of
2,300,000 post-Consolidation DGM common shares, as follows: Pinsent will receive
1,300,000 shares; Peter Smith (DGM's President and CEO) will receive 600,000
shares; Michael Raven (DGM's Corporate Secretary) will receive 200,000, and two
arm's length parties will receive 100,000 shares each. 


The Asset Purchase Agreement is conditional on DGM completing the Consolidation,
Pinsent being appointed to DGM's board of directors and approval of the
transaction by DGM's board, DGM's shareholders (if required) and the TSX Venture
Exchange.


Financing

To finance its acquisition of the Target Companies and the Assets, DGM intends
to raise between $12,000,000 and $15,000,000 in a private placement financing.
DGM has executed an engagement letter with Euro Pacific Canada ("EuroPac") under
which EuroPac will conduct a "best efforts" private placement offering of up to
$15,000,000 (subject to an over-allotment option to increase the size of the
offering by up to 15% of the base offering size). As compensation, EuroPac will
receive: a work fee of $25,000 (plus HST); a cash fee equal to 7% of the
aggregate gross proceeds of the financing; and compensation options to acquire
the number of securities of DGM as is equal to 7% of the aggregate gross
proceeds of the financing. The compensation options shall be exercisable for a
period of twenty-four (24) months from closing at an exercise price equal to the
issue price of the DGM shares under the offering.


Board of Directors

It is anticipated that following the acquisition of the Target Companies and the
Assets, Guy Pinsent and Robin Greenwood will be elected to DGM's board of
directors.


Guy Pinsent is an entrepreneur with a background in investment banking (Citibank
London, branded consumer team with clients including Bacardi, Diageo and British
American Tobacco), the British Foreign Service and real estate investment and
development. Mr. Pinsent was formerly a partner at Personal Storage, a private
British self-storage business, at the time the sixth largest in the UK, before
focussing on the self-storage opportunity in Poland and neighboring markets. Mr.
Pinsent's real estate experience includes head of business development at
Colliers International Poland, and consulting to a wide range or investors and
developers. Mr. Pinsent assisted on the financing, development and sale of
Helical Poland's 'Europa Centralna' retail park, an investment of EUR 115
million delivering 720,000 square feet of retail space (Phase 1), one of the
largest retail developments in Europe. Mr. Pinsent was educated at Eton College
and Cambridge University (Economics MA), lives in Warsaw and speaks fluent
Polish. 


Robin Greenwood is the current CEO of Storage King UK, an 18 store self-storage
chain with stores throughout the United Kingdom. He is also currently the
director and treasurer for the UK Self-Storage Association. He was formerly CEO
for Extra Space Europe, a Vice President for Shurguard UK and director of sales
and marketing for Access Self-storage. Mr. Greenwood has been a senior executive
in self-storage for over 25 years, working for some of the world's largest
operators during that time.


It is anticipated that Michael Anderson and Thomas Lamb, both current board
members of DGM, will not seek re-election at the meeting of DGM's shareholders
to be held to approve the transaction that is the subject of this news release.


Further Transaction Details

Further details regarding the transaction will be provided in a Management
Information Circular which will be mailed to shareholders of DGM in connection
with the meeting of such shareholders to be called to approve the transaction
and will be accessible under DGM's SEDAR profile at www.sedar.com shortly
following the mailing. DGM plans to give notice of the meeting in January 2014,
mail the Management Information Circular in February 2014 and hold the meeting
in March 2014. The transaction is expected to close shortly after the meeting. 


Completion of the transaction is subject to a number of conditions, including
TSX Venture Exchange acceptance and disinterested Shareholder approval. The
transaction cannot close until the required Shareholder approval is obtained.
There can be no assurance that the transaction will be completed as proposed or
at all.


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with the transaction, any information
released or received with respect to the COB may not be accurate or complete and
should not be relied upon. Trading in the securities of DGM Minerals Corp.
should be considered highly speculative.


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release. 


About the Company

DGM Minerals Corp. is a Vancouver-based company and has its common shares listed
on the TSX Venture Exchange. For further information, please refer to the
Company's filings on SEDAR (www.sedar.com) or contact the Company by telephone
at 778.999.7030.


ON BEHALF OF THE BOARD

Peter Smith, President and CEO

This update contains "forward-looking information" that is based on the
Company's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, the Company's
business, plans, outlook and business strategy. The words "may", "would",
"could", "should", "will", "likely", "expect," "anticipate," "intend",
"estimate", "plan", "forecast", "project" and "believe" or other similar words
and phrases are intended to identify forward-looking information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include,
but are not limited to: uncertainties related to the ability of the Company to
obtain or maintain an interest in a suitable business, property or properties,
changes in economic conditions or financial markets; changes in prices for the
Company's products or increases in costs; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments;
technological or operational difficulties; and labour relations matters.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. Except as
required by law, the Company disclaims any intention or obligation to update or
revise forward-looking information, whether as a result of new information,
future events or otherwise.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
DGM Minerals Corp.
778.999.7030

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