Reservoir Granted Three More Geothermal Exploration Permits in Serbia

Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report that its
wholly-owned subsidiary, Southern European Exploration D.o.o. ("SEE") has been
granted three more licenses (Kupusina, Adorijan and Vrbica) to explore for
geothermal energy in the Vojvodina Region of northern Serbia. These license
areas were selected based on the results of historical oil and gas and
geothermal exploration into hot water aquifers of the Pannonian Basin.


The Kupusina license comprises a 26.5 square kilometre area, with seven
historical drillholes executed between 1978 and 1987, that intercepted limestone
and sandstone aquifers at depths ranging from 57 metres to 1,382 metres.
Reservoir temperatures are estimated to be in excess of 80 degrees centigrade
for most of the deeper aquifers, with potential of up to 160 degrees centigrade.


The Adorijan-Novi Knezevac ("Adorijan") and the Banatsko Arandjelovo-Vrbica
("Vrbica") licences are 22.5 and 48 square kilometres in area respectively and
lie close to each other in northern Serbia near the Hungarian border.
Twenty-four drillholes were executed for oil and gas and geothermal exploration
in the area during the 1970's and 1980's. The holes intercepted a series of hot
water aquifers in sandstones at depths between 421 and 1,854 metres. Reservoir
temperatures are estimated to be in excess of 90 degrees centigrade for most of
the deeper aquifers, with potential in excess of 200 degrees centigrade for one
of the deeper oil and gas drillholes.


Including the Vranjska Banja License, issued in November 2009 (see REO news
release dated January 5, 2010), the Company now holds four licenses, each
selected as a priority target based on historical datasets. In the past,
hydrological and geothermal drilling targeted shallow aquifers for use in
district heating and spas. The deeper oil and gas drillholes in the same regions
have intercepted aquifers at considerably higher temperatures, which have not
been previously evaluated for their geothermal potential.


About Reservoir

Reservoir is a renewable energy company, engaged in development of a 55MW
hydroelectric project at Brodarevo in southwest Serbia. The Company has applied
for a 32MW license at Vrutci, holds four geothermal exploration licenses and is
studying various other hydroelectric and geothermal opportunities in the region.
Reservoir also holds a substantial portfolio of precious and base metal
exploration projects, which it is looking to divest. Reservoir's common shares
trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin
Exchanges (symbol "ROC").