REO Reservoir Capital Corp. (delisted)

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to report that it has acquired an
option to purchase surface rights required for the permitting and development of
the Brodarevo-2 Hydroelectric Project ("Project"). The land package optioned
covers approximately five hectares and includes several houses and a
meat-processing facility, on the banks of the River Lim, where the Company plans
to locate the Brodarevo-2 dam and power plant.


Completion of this purchase allows the Company to move forward with its planned
geotechnical drilling program for the dam foundations, to complete Feasibility
Studies and is an important element in the issue of building permits for the
project.


Miljana Vidovic, President and CEO of Reservoir commented: "This has been a
lengthy and delicate process involving multiple sellers from the Muslim and Serb
communities surrounding our projects. We are very pleased with the support and
cooperation we have received and very proud to have the opportunity to work with
the local communities to develop Brodarevo to the benefit of all parties."


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
via 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").

Reservoir Capital Corp. (TSXV:REO)
Historical Stock Chart
From Aug 2024 to Sep 2024

Reservoir Capital Corp. (TSXV:REO)
Historical Stock Chart
From Sep 2023 to Sep 2024