Reservoir Minerals Inc.

Reservoir Minerals Inc.

May 22, 2012 07:00 ET

Reservoir Minerals Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 22, 2012) - Reservoir Minerals Inc. (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) ("RMC" or the "Company") is pleased to announce the appointment of Mr. David Miles as the new Chief Financial Officer replacing Christina Cepeliauskas who has resigned to pursue other opportunities. Mr. Miles is a Chartered Accountant who has over 30 years experience in the mining and exploration business including over 20 years in a large multinational corporate environment, primarily with Cominco Ltd. While with Cominco, he held various positions in within the finance group. From 2002 to 2004, Mr. Miles was the corporate controller for Quest Capital Corp. (formerly Viceroy Resource Corporation). For the past eight years Mr. Miles has been the CFO of a number of TSX Venture Exchange listed junior exploration companies. He is currently the CFO of Esperanza Resources Corp., Lara Exploration Ltd., and Colombian Mines Corporation. He was formerly the CFO of Inca Pacific Resources Corp., Nevgold Resource Corp., Eurasian Minerals Inc., Sanu Resources Ltd., Prospector Consolidated Resources Inc., Standard Uranium Inc. and Alexco Resource Corp.

The Company would like to thank Ms. Cepeliauskas for her contribution to the spinout process of RMC from Reservoir Capital Corp. and to the further growth and development of the Company.

About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development company run by a seasoned technical and management team, with a portfolio of precious and base metal exploration properties in Serbia and West Africa.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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