Reservoir Minerals Inc.

Reservoir Minerals Inc.

June 13, 2012 07:00 ET

Reservoir Minerals Inc.: Orogen Gold Completes 55% Earn-In to the The Deli Jovan Gold Exploration Project in Serbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2012) - Reservoir Minerals Inc. (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) ("RMC" or the "Company") is pleased to announce that Orogen Gold Plc (AIM:ORE) ("Orogen"), has completed the 55% earn-in to the Deli Jovan gold exploration project in eastern Serbia.

Dr. Simon Ingram, President and CEO of Reservoir Minerals commented: "We look forward to the results of the substantial drilling program now underway by Orogen as they continue to fund further exploration at the Deli-Jovan gold project."

Orogen has completed the 55% earn-in to the Deli Jovan gold exploration project by completing a total of $1.5 million in exploration expenditure on the project. Under the terms of the earn-in agreement with the Company, Orogen is now required to spend a further $2 million in exploration expenditure before the end of December 2013 to reach an aggregate 75% interest in the Deli Jovan project.

Deli Jovan Project

The Company's Deli Jovan Exploration Permit covers 69 square kilometers over the historic gold mines, Ginduša and Rusman, which were worked in the early 20th Century. These deposits are located on an 8 kilometer long, northwest - southeast striking and steeply dipping, shear system hosting mesothermal gold veins. Underground mapping at Ginduša identified four mineralised quartz veins within the shear corridor that is at least at least 80 meter wide. Chip sampling from levels 1 and 2 of the Ginduša historic workings confirmed the presence of high-grade gold values, ranging from trace up to 63.4 grams per tonne of gold in 130 continuous chip samples.

Orogen is prioritising exploration at Ginduša, and has commenced a 7,500 metre diamond drill program at the Deli Jovan gold exploration project.

Quality Control:

The Company follows industry standard quality assurance and quality control procedures for all samples. The QA/QC program includes the insertion of blanks, duplicates and certified standards into the sample stream. Sample preparation and gold analysis is undertaken by ALS Chemex at its ISO 17025 accredited laboratory in Romania.

Qualified Person:

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

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.

For further information on Reservoir Minerals Inc., please consult our website:

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

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