REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to provide an update on
progress on the Feasibility Studies for its Brodarevo Hydroelectric Projects in
southern Serbia.


The Company passed an important milestone in its permitting process in February
with the completion of a public hearing to review the planning applications for
the Brodarevo dams and related infrastructure, known locally as the Spatial Plan
for Special Purposes. The public hearing was the final step for State Commission
of the Ministry of Spatial Planning, which has accepted all aspects of the
Company's application and sent it to the Government for final approval. 


Work by Energoprojekt Hidroinzenjering Co. Ltd. ("Energoprojekt") and the
Company's other contractors, continues to advance the Feasibility Studies for
the Brodarevo Projects. During the month, Energoprojekt delivered the Final
Design for the preparatory works, which include: the Lim River diversion, access
roads, onsite roads and a temporary river crossing. This is the final stage of
work on these elements of the project. Subject to government approvals, the
river diversion will be the first stage of the Brodarevo Project to be put into
construction.


Like many parts of Europe, Serbia has been suffering a very severe winter, with
many areas completely cut off by the heavy snowfall. Reservoir has acquired a
snowmobile to provide support in the local community and ferry emergency medical
personnel around to isolated households.


Miljana Vidovic, President and CEO of Reservoir, commented: "We are happy to
report continued timely progress at Brodarevo despite the difficult winter
conditions and are very proud to have been able to provide life-saving emergency
support to our local community." 


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 concessions on the Cehotina River in Bosnia (17.75 MW).
Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and
on the Frankfurt and Berlin Exchanges (symbol "ROC").

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