Alaris Royalty Corp. Announces $15 million Contribution to New Partner

NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.


Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to
announce that it has entered into a partnership agreement (the "Partnership")
with SHS Services Management ("SHS" or the "Company") effective March 2, 2013.
Pursuant to the Partnership, Alaris has contributed $15,000,000 to SHS (the "SHS
Contribution") in exchange for a pre-tax annual preferred distribution of
$2,500,000 (the "SHS Distribution") for the first full year after the SHS
Contribution, which represents an expected initial pre-tax return of 16.7%. The
SHS Contribution was funded with $15,000,000 of funds drawn on the Corporations
senior credit facility (the "Facility"). 


SHS entered into a strategic alliance with Sears Canada Inc. ("Sears") on
January 8, 2013 whereby SHS will operate the Sears installed home improvements
business (the "Sears Home Improvement Business") as a licensee to Sears. The
Sears Home Improvement Business includes products and services such as HVAC
(Heating, Ventilation and Air Conditioning), windows, doors, roofing, home
decor, gas fireplaces, carpet, and furnace duct cleaning. The services are
offered through 82 retail locations and 8 hubs throughout Canada, expediting and
scheduling over 1000 installers nationwide. As well, the operation includes
Canada's largest in home selling network of 300 salespeople strong. The value
offered to customers will continue to include Sears Financial credit card
special payment offers, including deferred payments, equal billing, and valuable
Sears Club points as well as Sears Home Services satisfaction guarantee of not
paying for installed home improvements until the customer is satisfied. 


In addition to the Sears Home Improvement Business, the ownership group of SHS
also operates Canada's only national flooring installation services company
called Installations Services Org. ("ISO") (collectively known as the "SHS
Group"). ISO provides flooring installation services to a large national home
improvement retailer in Canada as well as flooring products and services to
commercial customers nationwide. ISO is a guarantor on the Distribution to
Alaris.


"With the closing of the Sears Home Improvement Business transaction, SHS
becomes one of the only national home services companies in Canada. We have a
great deal of confidence in this management team to grow this steady platform.
We also appreciate the alignment of interests shown by the principals of the SHS
Group in using a portion of the proceeds to invest in Alaris shares. Everyone at
Alaris is looking forward to a long and prosperous partnership with SHS." said
Steve King, President and Chief Executive Officer, Alaris


"We at SHS are very excited in working with Alaris as our equity financing
partner. Their model works perfectly for us as we take over this strong existing
business and grow it to the fantastic potential it has," said Mike Clements,
Director, SHS Services Management.


In connection with the SHS Contribution, certain principals of the SHS Group
have agreed to subscribe for an aggregate of 181,821 common shares at a price of
$27.50 for aggregate gross proceeds of $5,000,077 (the "Private Placement"). The
Private Placement is expected to close later today. 


Following the SHS Contribution, Alaris expects its net cash from operating
activities on an annual basis to increase by $1,600,000, or $0.06 per share
based on 25,209,113 shares outstanding. The increase in net cash from operating
activities is a result of a $2,500,000 increase in revenue and an increase in
interest expense of $900,000. 


About Installations Services Org. ("ISO")

Installation Services Org ("ISO") is a national flooring products and
installation services company located in Calgary, Alberta. ISO provides
residential flooring installation services across Canada to a major home
improvement retailer. It also provides flooring products and services to
commercial customers such as large commercial landlords, big box retailers and
insurance companies.


About Alaris

The Corporation provides alternative financing to a diversified group of private
businesses ("Private Company Partners") in exchange for royalties or
distributions from the Private Company Partners, with the principal objective of
generating stable and predictable cash flows for dividend payments to its
shareholders. Royalties or distributions to Alaris from the Private Company
Partners are structured as a percentage of a "top line" financial performance
measure such as gross margin, same clinic sales, gross revenues and same-store
sales and rank in priority to the owners' common equity position.


Forward-Looking Statements

This news release contains forward-looking statements as defined under
applicable securities laws. Statements other than statements of historical fact
contained in this news release may be forward-looking statements under
applicable securities legislation, including, without limitation, management's
expectations, intentions and beliefs concerning: the return to Alaris; the
increase in net cash from operating activities; and the indebtedness under the
Facility. Many of these statements can be identified by looking for words such
as "believe", "expects", "will", "intends", "projects", "anticipates",
"estimates", "continues" or similar words or the negative thereof. To the extent
any forward-looking statements herein constitute a financial outlook, they were
approved by management as of the date hereof and have been included to provide
an understanding with respect to Alaris' financial performance and are subject
to the risks and assumptions disclosed herein. There can be no assurance that
the plans, intentions or expectations upon which these forward looking
statements are based will occur.


Statements containing forward-looking information by their nature involve
numerous assumptions and significant known and unknown facts and uncertainties
of both a general and a specific nature. Key assumptions include, but are not
limited to assumptions that: the Private Company Partners will continue to grow
and may require additional capital from Alaris in the future; the Canadian and
U.S. economies will grow moderately over the next 12 to 24 months; interest
rates will not rise in a material nature over the next 12 to 24 months; more
private companies will require access to alternative sources of capital; and the
Corporation will obtain required regulatory approvals on a timely basis. In
determining the Corporation's expectations for economic growth, management
primarily considers historical economic data provided by the Canadian and U.S.
governments and their agencies. 


The forward-looking statements contained herein are subject to numerous known
and unknown risks that may cause actual results to vary from those set forth in
the forward-looking statements, including, but not limited to risks associated
with: general economic conditions and changes in the financial markets; risks
associated with the Private Company Partners and their respective businesses; a
change in the ability of the Private Company Partners to continue to pay Alaris'
preferred distributions; failure to obtain required regulatory approvals on a
timely basis or at all; and changes in legislation on government regulations and
the interpretations thereof. In addition, the information set forth under the
heading "Risk Factors" in the Corporation's Annual Information Form dated March
14, 2012 (a complete copy of which can be found on SEDAR at www.sedar.com)
identifies additional factors that could affect the operating results and
performance of the Corporation and may cause the actual results of the
Corporation to differ materially from those anticipated in forward-looking
statements.


As forward-looking statements are subject to risks, uncertainties and
assumptions and should not be read as guarantees or assurances of future
performance. Accordingly, readers are cautioned not to place undue reliance on
any forward-looking information contained in this news release as a number of
factors could cause actual future results, conditions, actions or events to
differ materially from the targets, expectations, estimates or intentions
expressed in the forward-looking statements. Statements containing
forward-looking information reflect management's current beliefs and assumptions
based on information in its possession on the date of this news release.
Although management believes that the assumptions reflected in the
forward-looking statements contained herein are reasonable, there can be no
assurance that such expectations will prove to be correct.


The forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking statements included
in this news release are made as of the date of this news release and Alaris
does not undertake or assume any obligation to update or revise such statements
to reflect new events or circumstances except as expressly required by
applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alaris Royalty Corp.
Curtis Krawetz
Manager of Investor Relations, Analyst
403-221-7305
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