REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to provide a progress report
on work at its Deli Jovan Gold Project with partner Orogen Gold Plc (AIM:ORE)
("Orogen"), which plans to access and sample historical underground workings at
Rusman and Gindusa.


The relevant permits have now been issued by the Serbian authorities, a land
access agreement for the Rusman mine area signed and the purchase of 39 acres of
land covering the Gindusa mine area completed. An experienced Serbian
underground mining refurbishment contractor has been appointed and their
preparation work will begin immediately, with work at the site to commence
before the end of May 2011.


Historical drawings show mine shafts to a depth of approximately 100 metres,
with driftsdeveloped along vein structures at intervals of approximately 30
metres elevation. At this stage the condition of the shafts and drifts is
unknown. Once access to the underground workings is completed, detailed
re-mapping and re-sampling is planned in order to provide additional data for
the further assessment of the gold mineralization.


Work at Deli Jovan is funded by Orogen,which can earn up to a 75% interest in
the project by completing $3.5 million in exploration expenditures within 42
months.


Quality Control:

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


About Reservoir

Reservoir is a renewable energy company that is engaged in the development of a
58.4MW 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 (17.75MW) and one to
develop a 32 MW project from an existing reservoir dam at Vrutci in Serbia. Deli
Jovan is one of a portfolio of 8 precious and base metal exploration properties
in Serbia that, subject to approvals, are to be spun-out into a separately
listed companyvia dividend (see March 25, 2011 Press Release "Reservoir Capital
Announces Spin-Out of Mineral Exploration Assets"). Reservoir's common shares
trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin
Exchanges (symbol "ROC").


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

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