Reservoir Capital Corp.

Reservoir Capital Corp.

March 14, 2008 08:00 ET

Reservoir Capital Appoints Advisors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO) is pleased to announce that Mr. Igor Tadic, Dr. Alexander Yakubchuk and Mr. Mark Monaghan have been appointed as Advisors to the Company.

Alexander Yakubchuk is an exploration geologist with more than 14 years exploration experience in the states of the Former Soviet Union ("FSU"), including Russia, Kazakhstan, Kyrgyzstan and Uzbekistan, as well as internationally in Australia, Mongolia, China, Canada and Europe. He is currently working as CEO and a Director of Lero Gold (TSX-V: LER). Most recently he held the position of Exploration Manager for Europe and the FSU for Gold Fields International Services Ltd. Dr. Yakubchuk has worked and consulted to companies such as BHP-Billiton, Norilsk Nickel, Goldcorp, Rio Tinto, World Bank and Inco and been an Associate Professor at Lomonosov Moscow State University.

Igor Tadic is a mining engineer who has worked in the Serbian mining sector for Atlas Copco and Mining Technics AD. Since Serbia returned to democracy in 2000, Mr. Tadic has held positions as an Economic Advisor to Cabinet of Serbian Premier, Zoran Djindjic, as Director of the Directorate for Water Management of Republic of Serbia, Economic Adviser to the Cabinet of the President of Serbia, Boris Tadic and has also acted as President and Member of Managing Board of a number of companies and government agencies involved in the restructuring and privatization in the water sector in Serbia.

Mr. Monaghan has over 15 years of investment banking and corporate development experience with Canadian investment banking firms and public companies. Mr. Monaghan currently serves as a consultant to companies and financial institutions in corporate development and merchant banking. Most recently he held the position of President, Quest Securities Corporation, where he acted as financial advisor, raising equity capital for resource companies. Mr. Monaghan currently sits on the board of directors of several public companies and on the advisory committee of Forsys Metals Corp. Mr. Monaghan holds a B.A. in Economics from Queen's University and a B.Comm. from the University of Windsor.

Miles Thompson, Executive Chairman of Reservoir, says, "We are pleased to welcome these three gentlemen to our team. Their extensive experience respectively in exploration, Serbian business and politics and in North American capital markets will greatly strengthen our Board and Management and we look forward to having access to their deep knowledge and experience."

About Reservoir

Reservoir Capital Corp. is a Serbian-focused natural resource company, with a mandate to acquire undeveloped opportunities in this emerging and resource-rich country. Reservoir is investing in precious metals exploration and renewable energy, with currently eight mineral exploration properties and various renewable energy projects under evaluation. Reservoir has already been successful in exploration efforts, most notably at Brestovac and Deli Jovan, where it has encountered high-grade gold systems with potential to grow into significant deposits. Reservoir's common shares trade on the TSX Venture Exchange under the symbol "REO".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Reservoir Capital Corp.
    Miljana Vidovic
    (604) 662-8448
    Reservoir Capital Corp.
    Miles Thompson
    (604) 662-8448
    Reservoir Capital Corp.
    Kim Casswell
    Corporate Secretary
    (604) 662-8448
    (604) 688-1157 (FAX)