REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to announce that it has executed a
definitive arrangement agreement regarding the previously announced
re-organization of its business components into two separately listed public
corporations by the spin-out of certain Serbian mineral exploration permits to
Reservoir Minerals Inc. ("Minerals"), by means of a plan of arrangement pursuant
to the Business Corporations Act (British Columbia) (the "Spin-out
Transaction"). The Spin-out Transaction will be effected by the transfer to
Minerals of three indirectly held subsidiaries of Reservoir that hold such
permits. Shareholders of the Company at the effective time of the arrangement
will be entitled to receive their pro-rata portion of 9,000,000 common shares of
Minerals ("Minerals Shares") to be issued pursuant to the Spin-out Transaction
as a return of capital. On completion of the Spin-out Transaction, Minerals will
have approximately 26.1 million Minerals Shares outstanding.


Further details of the Spin-out Transaction are set out in Reservoir's news
release dated March 25, 2011, which is available on Reservoir's website at
www.reservoircapitalcorp.com and on SEDAR at www.SEDAR.com. The closing of the
Spin-out Transaction is subject to a number of conditions including obtaining
all required regulatory approvals.


Reservoir has also received approval from the Supreme Court of British Columbia
to call a shareholder meeting to approve the transaction. The meeting will be
held on October 11, 2011 at 10:00 a.m. at 501-543 Granville Street, Vancouver,
British Columbia. An information circular containing details on the transaction
is expected to be mailed shortly and once mailed, will also be available on
SEDAR at www.SEDAR.com.


About the Company

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, that are the subject of the Spin-out Transaction. 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.reservoircapitalcorp.com.


Except for statements of historical fact relating to the Company, some
statements in this news release contain forward-looking statements and
information ("forward-looking statements"). Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intent",
"believe", "anticipate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected
in the forward-looking statements. These statements include, but are not limited
to, statements with respect to the intention of the parties to complete the
Spin-out Transaction, expected effect of the proposed Spin-out Transaction, the
timing of the meeting of shareholders of Reservoir with respect to the
Arrangement among other things, the receipt of any shareholder and regulatory
approvals for the Spin-out Transaction and the number of Minerals Shares
outstanding upon completion of the Spin-out Transaction. These statements
address future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements. Such factors
and assumptions include, among others, the effects of general economic
conditions, the price of natural resources, changing foreign exchange rates and
actions by government authorities, uncertainties associated with legal
proceedings and negotiations and misjudgements in the course of preparing
forward-looking information. In addition, there are known and unknown risk
factors which could cause the Company's actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking statements. Known risk

factors include risks associated with the ability obtain any necessary
approvals, waivers, consents and other requirements necessary or desirable to
permit or facilitate the Spin-out Transaction; the risks that any applicable
conditions of the proposed transaction may not be satisfied, risks associated
with project development; the need for additional financing; operational risks
associated with mining and mineral processing; the uncertainties involved in
interpreting drilling results and other ecological data; fluctuating metal
prices; the possibility of project cost overruns or unanticipated costs and
expenses; uncertainties relating to the availability and costs of financing
needed in the future; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest
among certain officers, directors or promoters of the Company with certain other
projects; currency fluctuations; competition; dilution; the volatility of the
Company's common share price and volume; tax consequences to investors; and
other factors described in the section entitled "Risks" in the Company's
Management's Discussion and Analysis for the year ended April 30, 2011 and other
risks and uncertainties. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, expect as required by applicable securities law. Circumstances or
management's estimates or opinions could change. The reader is cautioned not to
place undue reliance on forward-looking statements.

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