Reservoir Minerals Closes Previously Announced Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.


Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX
VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to announce that further
to its news release dated February 20, 2014, it has closed its bought deal
brokered private placement (the "Brokered Offering") for aggregate gross
proceeds of C$10,005,000. 


The Brokered Offering was led by Scotia Capital Inc. on behalf of a syndicate of
underwriters including Macquarie Capital Markets Canada Ltd., GMP Securities
L.P., BMO Capital Markets and Salman Partners Inc. (collectively, the
"Underwriters"). Pursuant to the Brokered Offering the Company issued 1,740,000
common shares at a price of C$5.75 per share. The Company paid the Underwriters
a commission in the aggregate amount of C$600,300 representing 6% of the gross
proceeds of the Brokered Offering. 


The proceeds raised under the Brokered Offering will be used for exploration of
the 100% owned Timok Licences and for general working capital purposes. 


Securities issued under the Brokered Offering will be subject to a four month
hold period which will expire four months from the date of closing of the
Brokered Offering. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development
company run by an experienced technical and management team, with a portfolio of
precious and base metal exploration properties in Europe and Africa. The Company
operates an exploration partnership business model to leverage its expertise
through to discovery. 


For further information on Reservoir Minerals Inc., please consult our website
www.reservoirminerals.com.


This news release includes certain "forward-looking statements" within the
meaning of Canadian securities legislation. All statements, other than
statements of historical fact, included herein, including, without limitation,
the use of net proceeds, are forward-looking statements. Forward-looking
statements involve various risks and uncertainties and are based on certain
factors and assumptions. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations
include uncertainties relating to the use of proceeds and other risks and
uncertainties disclosed under various publicly-available documents filed with
the Canadian securities regulatory authorities on the SEDAR website at
www.sedar.com.  


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reservoir Minerals Inc.
Chris MacIntyre
VP Corporate Development
+1.416.703.0010
[e-mail]
www.reservoirminerals.com