Reservoir Capital Corp.
TSX VENTURE : REO
FRANKFURT : ROC
BERLIN : ROC

Reservoir Capital Corp.

January 18, 2011 07:00 ET

Reservoir Reports Progress on Brodarevo Feasibility Studies

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2011) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report that is has initiated work on two important elements of the Feasibility Studies for its Brodarevo-1 and Brodarevo-2 hydroelectric projects in Serbia. To support the main contractor, Energoprojekt Hidroinzenjering Co. Ltd. ("Energoprjekt"), the Company has contracted the Brodarski Institute d.o.o., to prepare hydrological models of the dam sites. Reservoir has also contracted Put-Inzenjering d.o.o. to prepare technical studies and permitting for the displacement of parts of the M-21 road between Prijepolje and Bijelo Polje that will be affected by the Brodarevo reservoirs.

The Brodarski Institute, based in Zagreb (Croatia), is a government-owned technical services and research centre, with expertise in shipbuilding, mechanical engineering, power production, control and monitoring, modeling and construction of complex products and other fields of technical and natural sciences regionally and internationally. Reservoir and Energoprjekt have contracted the Brodarski Institute to prepare scale models of the Brodarevo sites, in order to measure physical properties such as water currents, erosion, water pressures, etc, to assist Energoprojekt in design optimization.

Put-Inzenjering is a privately-owned engineering company based in Podgorica (Montenegro) that provides design and development services for road and railway construction projects both regionally and internationally. Reservoir has contracted Put-Inzenjering to take the existing Pre-Feasibility studies prepared by Energoprojekt through main design, environmental studies, permitting and feasibility.

The Feasibility Studies being prepared by Energoprojekt and scheduled for delivery in August 2011, will also include: environmental studies and geotechnical drilling that the company is in the process of contracting.

Quality Control:

Deputy Director of the Company's operating subsidiary REV d.o.o., Milan Cusic M.Sc. Dipl. Eng., a graduate of the Faculty of Mechanical Engineering of the University of Belgrade (1997) and previously Chief Hydro Engineer for Serbian State Utility EPS (2003-2010), 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 58.4 MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds four geothermal exploration licenses in Serbia and has applied for three hydroelectric licenses on the Cehotina River in Bosnia (17.75 MW) and one to develop a 32 MW project from an existing reservoir 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.

Contact Information