Reservoir Granted Geothermal Exploration Permit 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 an exploration permit for geothermal energy at Vranjska Banja in
southern Serbia; the first of its kind to be issued to a private company in the
country. SEE has also filed applications for an additional three energy permits
in the Vojvodina Province of northern Serbia.


The Vranjska Banja exploration permit covers 17.5 square kilometres in area,
which has an elevated geothermal gradient attributed to the presence of
Tertiary-age intrusives. The Company's permit surrounds an existing 200 square
metre exploitation permit, where two existing geothermal wells (VG-2 and VG-3)
have confirmed a high temperature gradient. Well VG-2 intercepted several hot
water aquifers, the best of which measured 126 degrees centigrade between
864-890 metres depth. Well VG-3 intercepted a zone containing three intervals
with measured temperatures of 124 degrees centigrade, between 1,500 and 1,575
metres depth.


The three permits still in the application phase in the Vojvodina Province of
northern Serbia cover targets located in the Pannonian Basin. Historically, some
80 wells have been drilled in this basin, to test the hydrological and
geothermal potential of various porous and permeable sedimentary units ranging
in age from late Palaeozoic to Quaternary.


In late 2009, the Serbian government introduced feed-in tariffs in line with
European Union standards, to encourage investment in renewable energy,
establishing a price of 7.5 Euro cents (approximately US$0.107) per kilowatt
hour for electricity derived from geothermal sources. 


"Given the new feed-in tariffs, we see geothermal as a very viable form of
renewable energy for this region and the addition of geothermal projects
complements our growing hydroelectric development pipeline," commented Ms.
Miljana Vidovic, President and CEO of Reservoir. 


About Reservoir

Reservoir Capital Corp. is a Southeast Europe focused project generator,
investing primarily in renewable energy. The Company holds two hydroelectric
projects, Brodarevo 1 and 2, with 55MW of potential capacity undergoing
pre-feasibility studies and an application in process for a third at Vrutci with
32MW potential capacity, all in southwest Serbia. Reservoir has also accumulated
a substantial portfolio of precious and base metal exploration projects.
Reservoir's common shares trade on the TSX Venture Exchange under the symbol
"REO" and on the Frankfurt and Berlin exchanges under the symbol "ROC".


For further information on Reservoir Capital Corp. please consult the Company's
website www.reservoircapital.ca.

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