Reservoir Capital Corp.

Reservoir Capital Corp.

December 13, 2010 16:38 ET

Reservoir Capital Corp.: Orogen Initiates Work Programs to Advance Deli Jovan Gold Project in Serbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2010) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report that Orogen Gold Limited ("Orogen") has initiated exploration on the Company's Deli Jovan Gold Project in eastern Serbia. Orogen's programme is aimed at demonstrating down-dip and lateral extensions to the historic high grade mesothermal lode gold mines at Rusman and Gindusa, as well as the discovery of new gold zones along the 10 kilometre strike extent of the Deli Jovan trend.

A services contract agreement has been signed with Orogen, whereby the Company will provide geological and administrative services to the joint venture. In addition a contractor has been engaged to prepare and submit a plan to the Serbian Mining Ministry to re-open underground access in the two former gold mines and to facilitate detailed underground structural mapping and close-spaced channel sampling. The re-opening is planned for February 2011. SRK Consulting has been engaged to provide advice on the re-opening of the old mines and input on the economic parameters for development of a future gold mine at Deli Jovan.

Trial trenching will be carried out across the Rusman gold lode to obtain information on the structure and grade of the gold system at surface. It is planned to extend the surface bedrock sampling programme subject to the satisfactory outcome of the initial programme. In order to test the potential for additional gold mineralization along the strike extent of the Deli Jovan gold trend, detailed soil geochemical sampling is planned to commence this month in the area between the Rusman and Gindusa mines.

Quality Control:

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, is responsible for the preparation of the technical information in this release.

About Reservoir

Reservoir is a renewable energy company, engaged in development of a 58.4MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds four geothermal exploration licenses in Serbia and has applied for three more hydroelectric licenses on the Cehotina River in Bosnia (17.75MW) and one to develop a 32 MW project from an existing dam at Vrutci in Serbia. The Company holds a portfolio of 8 precious and base metal exploration properties in Serbia, with Freeport McMoRan Exploration Corp farming into two of them. Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (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.

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