Reservoir Capital Corp.
TSX VENTURE : REO

Reservoir Capital Corp.

February 20, 2007 08:30 ET

Reservoir Drills Two Gold Projects in Serbia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - On February 2, 2007 Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO) completed the acquisition of Southern European Exploration (BVI) Ltd. ("SEE") which holds, through its Serbian subsidiary, six mineral exploration permits in the Republic of Serbia. The Company intends to add value to the SEE portfolio by drill testing gold and base metal targets on these properties and applying for additional exploration permits. Reservoir is furthermore, actively seeking to acquire or participate in other natural resource projects in the region.

Brestovac

Work on the Brestovac property has identified a significant epithermal gold target, defined by a 300 metre long resistivity geophysical and gold-in-soil geochemical anomaly. A single drillhole into this target in 2005, BN-1, intersected 22.4 metres at 4.51 grams per tonne of gold. Reservoir has now completed a further 552 metres of diamond drilling in 5 drillholes into this target, results for which will be released as soon as they are available.

An independent qualifying report on the Brestovac property entitled "Technical Report on the Exploration Potential of the Zlot-Brestovac Mineral Property, Serbia" authored by Jonathan Steedman, MAusIMM and Stanley Bartlett, P.Geol, of Micon International Co. Limited, dated January 5th, 2007, is available for review under the Company's profile at www.sedar.com.

Lece

The Lece property lies adjacent to the Lece gold-zinc-lead mining concession and has a number of targets of a similar style, where surface rock and soil geochemical sampling has returned anomalous gold and silver values. Reservoir is currently drill-testing two such targets, Vrelski Potok and Spurina Glavica. To-date Reservoir has completed six holes at Vrelski Potok for a total of 247 meters, but work at Spurina Glavica was postponed due to access problems. These have now been resolved and the Company plans to resume work as soon as another drill rig can be contracted. Results for the Vrelski Potok drilling are now being evaluated and will be released shortly.

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 South East Europe focused natural resources company, currently exploring for gold and base metals on six exploration properties in Serbia and actively seeking new business opportunities. 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
    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
    (604) 688-1157 (FAX)
    Website: www.reservoircapitalcorp.com