REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the"Company") is pleased to provide a progress report on its
58.4 MW Brodarevo Hydroelectric Project on the River Lim in southwest Serbia,
where the Company is completing Feasibility Studies.


Zigma A.D. Niksic ("Zigma"), of Podgorica (Montenegro) under the supervision of
the Company's main contractor Energoprojekt Hidroinzenjering Co. Ltd.
("Energoprojekt") and the Mining and Metallurgy Institute of Boris undertaking
geotechnical drilling and sampling at Brodarevo. One drill rig started in early
July, with a second added subsequently to accelerate the drilling program, which
should be completed by month end. The program aims to test the geotechnical
properties of the sediments and bedrock both in the river and the river banks to
assist in the final designs for the Brodarevo dam foundations and
infrastructure. 


Testwork was completed in July on the 1:40 scale hydrological models of the
Brodarevo dams constructed at the Brodarski Institut d.o.o. in Zagreb (Croatia);
measuring the performance of the design of the dams and related structures under
both optimal and severe (flooding) energetic and hydraulic conditions to assess
safety, environmental and economic considerations. The testwork, supervised by
Energoprojekt and Tractebel Engineering S.A., generated various design
improvements, notably for the river diversion and spillways, which will be
incorporated into the final design.


Environmental studies in accordance with Serbian standards and legislation are
being conducted in parallel with studies according to World Bank guidelines.
Both sets of studies are being conducted by Energoprojekt and are on schedule
for completion in October 2011.


The design, environmental studies and permitting for the sections of the M-21
road affected by the Brodarevo Project have been contracted to Put Inzenjering
("PUT") of Podgorica (Montenegro). PUT has completed detailed surveys and design
work and will be undertaking geotechnical drilling over the coming weeks.


Quality Control 

Deputy Director of the Company's operating subsidiary REV d.o.o., Milan Cusic
M.Sc. Dipl. Eng., a graduate of the Faculty of Mechanical Engineering of the
University of Belgrade (1997) and previously Chief Hydro Engineer for Serbian
State Utility EPS (2003-2010), 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
58.4 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 also holds 8 precious and base metal exploration properties in Serbia
that, subject to approvals, are to be spun-out into a separately listed company
Reservoir Minerals Ltd. (see September 13, 2011 news release). 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.

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