RMC

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.


Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)
(PINKSHEETS:RVRLF) (BERLIN:9RE), is pleased to announce its plans to complete a
non-brokered private placement for aggregate gross proceeds of C$23,000,000 and
a bought deal brokered private placement for aggregate gross proceeds of
C$10,005,000.


Non-Brokered Private Placement:

The Company announces that it plans to complete a non-brokered private placement
financing for gross proceeds of up to C$23,000,000 (the "Non-brokered
Offering"). The Non-brokered Offering will consist of up to 4,000,000 shares at
a price of C$5.75 per share and is expected to close concurrently with the
Brokered Offering. No Finder's Fee will be paid for the Non-Brokered Offering.
Completion of the Non-brokered Offering is subject to a number of conditions,
including the execution of definitive documentation and receipt of any required
regulatory approvals.


Brokered Private Placement:

Reservoir has entered into an agreement with a syndicate of underwriters led by
Scotiabank and including Macquarie Capital Markets Canada Ltd., GMP Securities
L.P., BMO Capital Markets, and Salman Partners Inc. (collectively, the
"Underwriters") pursuant to which the Underwriters have agreed to purchase, on a
bought deal basis, 1,740,000 common shares at a price of $5.75 per share for
gross proceeds to the Company of approximately $10 million (the "Brokered
Offering"). The Company has agreed to pay to the Underwriters, in aggregate, a
cash fee equal to 6% of the gross proceeds of the Brokered Offering.


Completion of the Brokered Offering is subject to a number of conditions,
including the completion of due diligence by the Underwriters, the negotiation
and execution of definitive documentation, and receipt of any required
regulatory approvals.


The closing of both the Brokered Offering and Non-brokered Offering is expected
to occur on or about March 20, 2014 or such other date as may be agreed upon by
the Company and the Underwriters.


General:

The proceeds raised under the Brokered Offering and Non-brokered Offering, will
be used for exploration of the 100% owned Timok Licences and for general working
capital purposes. 


Securities issued under the Brokered Offering and Non-brokered Offering will be
subject to a four month hold period which will expire four months from the date
of closing.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development
company run by a experienced technical and management team, with a portfolio of
precious and base metal exploration properties in Europe and Africa. The Company
operates an exploration partnership business model to leverage its expertise
through to discovery. 


This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to those with respect to the Brokered Offering and
Non-Brokered Offering and exploration results, involve known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance
or achievements of Reservoir Minerals Inc. to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements or information. Such factors include, among others:
failure to complete the Brokered Offering or Non-Brokered Offering or failure to
complete the Brokered Offering or Non-Brokered Offering on the expected terms;
the need to satisfy regulatory and legal requirements and other conditions to
closing with respect to the Brokered Offering and Non-Brokered Offering; the
actual prices of commodities; the factual results of current exploration,
development and mining activities; changes in project parameters as plans
continue to be evaluated; as well as those factors disclosed in documents filed
from time to time with the securities regulators in the applicable Provinces of
British Columbia and Alberta. 


Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization
of Canada accepts responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reservoir Minerals Inc.
Chris MacIntyre
VP Corporate Development
+1.416.703.0010
chris@reservoirminerals.com
www.reservoirminerals.com

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