Reservoir Granted Extensions for the Brodarevo 1 and 2 Energy Licenses

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the "Company") is pleased to report that its wholly-owned subsidiary REV d.o.o. ("REV"), has been granted one-year extensions for its Brodarevo-1 and Brodarevo-2 Energy Licenses through January 28, 2012. The Company is developing run-of-river hydroelectric projects with a combined 58.4 megawatts of power generating capacity at Brodarevo, on the River Lim in Southwest Serbia. The extensions, granted by the Serbian Ministry of Mines and Energy, give the Company time to complete the remaining studies and file applications for the building permits to begin construction of the projects.

Miljana Vidovic, President and CEO of Reservoir commented, "We are very grateful for the continued support and encouragement the Company has received from the Serbian Government and the Ministry of Mining and Energy, to build a privately owned and funded renewable energy business in the country."

Over 30% of Serbia's current power generating capacity is hydroelectric, most of which is run-of-river.