Vancouver, British Columbia, (TSX Venture: REO) -- Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to report that it has completed a non-brokered private placement financing (the "Private Placement") of $5,000,000 by the issuance of 8,333,333 units at $0.60 per unit. Each Unit consists of one common share (a "Share") and one non-transferable, common share purchase warrant (a "Warrant") valid for 2 years. Each Warrant will entitle the holder thereof to acquire an additional Share at a price of $0.80 per share during the first year and $0.90 during the second year from the closing of the private placement. If after the expiry of all resale restrictions, the closing price of the Shares on the TSX Venture Exchange is $1.20 or greater for a period of 20 consecutive trading days, the Company may provide notice of an earlier expiry of the Warrants, in which case the Warrants shall expire 21 trading days after giving such notice ("Acceleration Provisions"). The Private Placement was open to residents of British Columbia, Alberta, Ontario and any other qualifying international jurisdictions.

A finder's fee was paid in Units to certain finders with respect to the Private Placement. The terms of the finder's fee are consistent with those of the Private Placement, including the Acceleration Provisions.

All Shares, Warrants and any Shares issued upon exercise of the Warrants, are subject to a regulatory hold period expiring on January 5, 2010.

The proceeds of the offering will be used by Reservoir to support the company's ongoing efforts in the renewable energy sector in Serbia and for general corporate purposes.

About Reservoir

Reservoir Capital Corp. is a Southeast Europe focused project generator, with a mandate to acquire undeveloped natural resource opportunities. The Company is investing primarily in renewable energy, with currently two hydroelectric projects totaling 48MW of capacity undergoing pre-feasibility studies 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".

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For further information on Reservoir Capital Corp. please consult the Company's website www.reservoircapital.ca or contact Miljana Vidovic, President; Miles Thompson, Chairman; or Kim Casswell, Corporate Secretary, at +1 (604) 662-8448.

Investor Relations:
Vancouver: Julia Maxwell, +1 (604) 662-8448
Toronto: Chris MacIntyre, +1 (416) 640-1932

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