REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to announce that its shareholders
voted 99% in favour of approving the previously announced plan of arrangement
("Arrangement") under which Reservoir will be reorganized into two companies,
being the Company and Reservoir Minerals Inc. ("Minerals"), by the spin-out of
certain Serbian mineral exploration permits to Minerals, by means of a plan of
arrangement pursuant to the Business Corporations Act (British Columbia) (the
"Spin-out Transaction"). Subsequently, the Supreme Court of British Columbia
approved the Arrangement. Minerals and Reservoir are currently completing the
final steps for the closing of the Spin-out Transaction. 


The details of the reorganization are set out in Reservoir's management
information circular dated September 12, 2011 as mailed to shareholders and
available on SEDAR at www.SEDAR.com. Further details of the transaction are also
set out in Reservoir's press releases dated March 25, 2011 and September 13,
2011.


The effective time for the return of capital to shareholders of Reservoir
pursuant to the Arrangement is 12:01 a.m. on the effective date of the
Arrangement.


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 and the expected effect of the proposed 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 to 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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