Reservoir Capital Corp.
TSX VENTURE : REO
FRANKFURT : ROC
BERLIN : ROC

Reservoir Capital Corp.

August 25, 2009 07:30 ET

Reservoir Capital Applies for Third Serbian Energy License

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2009) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to announce that it has, through its wholly owned subsidiary REV d.o.o. ("REV"), submitted an application to the Serbian Ministry of Mining and Energy for the Vrutci hydro project, on the Djetinja River in the municipality of Uzice in southwest Serbia. The Vrutci Energy License will give REV the exclusive right to work in conjunction with the local municipality to develop a project converting an existing water supply reservoir into a hydroelectric power plant.

About Vrutci

The existing Vrutci dam and reservoir were constructed in 1984 on the Djetinja River to provide a water supply and flood protection for the municipalities of Uzice and Sevojno. The dam is a double-curvature arch, 77 meters high, 241 meters long and contains approximately 54 million cubic meters of water. The proposed Vrutci Hydro Power Project ("Vrutci HPP") will have an installed capacity of 32MWand estimated initial production of 45 gigawatt hours annually. REV has enjoyed strong support from local leaders in industry and government regarding this project and we look forward to working with the municipality of Uzice to develop the Vrutci HPP.

About Reservoir

Reservoir Capital Corp. is a Southeast Europe focused project generator, with a mandate to acquire undeveloped natural resource opportunities. The Company is investing primarily in renewable energy, with currently two hydroelectric projects totaling 48MW of capacity undergoing pre-feasibility studies in Serbia. Reservoir's common shares trade on the TSX Venture Exchange under the symbol "REO" and on the Frankfurt and Berlin exchanges under the symbol "ROC".

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Reservoir Capital Corp.
    Miljana Vidovic
    President
    (604) 662-8448
    or
    Reservoir Capital Corp.
    Miles Thompson
    Chairman
    (604) 662-8448
    or
    Reservoir Capital Corp.
    Kim Casswell
    Corporate Secretary
    (604) 662-8448
    or
    Reservoir Capital Corp. - Vancouver
    Julia Maxwell
    Investor Relations
    (604) 662-8448
    (604) 688-1157 (FAX)
    or
    Reservoir Capital Corp. - Toronto
    Chris MacIntyre
    Investor Relations
    (416) 640-1932
    info@reservoircapitalcorp.com
    www.reservoircapitalcorp.com