| March 31, 2009 Corporate Update TSXV:REO | |
| March 31, 2009 TSX-V: REO NEWS RELEASE Corporate Update Appointments Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to announce the appointment of Mr. Nenad Radoja to the position of Vice President. Mr. Radoja joins the Company after ten years in a series of positions of increasing responsibility with US Steel Corporation, most recently as Director of Steel Making at US Steel's Smederevo Works in Serbia. Mr. Radoja was born in Chicago, Illinois and received a Bachelor's Degree in History from Purdue University and a Master's Degree in Management from Indiana Wesleyan University. Reservoir is also pleased to announce that it has retained Mr. Anthony Allen as an advisor to the Company. Mr. Allen is a partner at Terrasearch Inc., a US-based consulting company (related by virtue of a Director in common with Reservoir), which provides investment analysis and financial services to resource and energy companies. Mr. Allen's primary focus within Terrasearch is the renewable energy sector. Prior to joining Terrasearch in 2007, Mr. Allen spent 20 years as a consultant/project manager to environmental remediation, brownfield redevelopment and energy related projects in North America. Mr. Allen has a Bachelor's Degree in Geology and a Master's Degree in Real Estate Development from the University of Southern California. "We're delighted that Nenad and Anthony will be joining our team;" said Miljana Vidovic, President and CEO of Reservoir, "both bring valuable and relevant experience to support our ambitious growth and development plans". The Company also announces that pursuant to the Company's Stock Option Plan, 75,000 incentive stock options exercisable at $0.35 per share for a period of five years have been granted to Mr. Radoja and Mr. Allen. Frankfurt Listing The Company is pleased to announce that its shares have been accepted for listing on the Frankfurt and Berlin Stock Exchanges under the trading symbol "ROC" and the German Securities Number ISIN: CA7611251033. Baader Bank A.G., a prominent local firm, acted as intermediary and broker for the Company. "We believe the Frankfurt and Berlin listings will offer new visibility and liquidity for investors, at both the private and institutional levels, through access to the European markets. European investors currently have a strong focus on reliable and renewable sources of energy, which is becoming the main focus of Reservoir's business." stated Miles Thompson, Chairman of the Company. Website The Company invites all interested parties to visit its newly refurbished website at www.reservoircapitalcorp.com for more details on the activities of the Company. About Reservoir Reservoir is a Southeast Europe focused project generator, with a mandate to acquire undeveloped natural resource opportunities. The Company is investing primarily in renewable energy and precious metals opportunities, working currently on two hydroelectric licenses and eight mineral exploration licenses in Serbia. Reservoir's common shares trade on the TSX Venture Exchange under the symbol "REO" and on the Frankfurt and Berlin exchanges under the symbol "ROC". -30- For further information on Reservoir Capital Corp. please consult the Company's website www.reservoircapitalcorp.com or contact: Miljana Vidovic President; Miles Thompson Chairman; or Kim Casswell Corporate Secretary, at (604) 662-8448. Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. | |
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