Reservoir Capital Corp.: 20MW Potential Estimated for the Vranjska Banja Geothermal Project

Reservoir Capital Corp. ("Reservoir" or the "Company")(TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report that GeothermEx
Inc. ("GeothermEx", a Schlumberger Company) has completed an independent review
of the Company's Vranjska Banja Geothermal Project in southern Serbia,
concluding it could potentially support a power generation project of up to 20
Megawatts ("MW") in size, utilizing a binary-cycle power plant.


Vranjska Banja is the hottest geothermal spring in Serbia, with discharge
temperatures of 96 degrees C (boiling at discharge elevation). Exploration
drilling of two intermediate depth wells (VG-2 and VG-3) in the early 1990's
reportedly encountered temperatures of up to 137 degrees C at less than one
kilometre depth. Both wells were cased to 800-900 metres depth (high temperature
intervals were not isolated), and have relatively high artesian flows together
averaging approximately 60 litres per second.


GeothermEx reviewed the available information on the geothermal resource at
Vranjska Banja (including the existing VG-2 and VG-3 geothermal wells), and
concluded that a resource temperature of approximately 150 degrees C is possible
at depths of about 2,000m. Wellbore modelling calculated that a full-diameter
well encountering reservoir conditions similar to those intercepted in VG-2 and
VG-3 would have a net production capacity of approximately 3 MW. 


GeothermEx estimated that the heat resource within the 300-400 hectare area
immediately around Vranjska Banja spa is equivalent to at least 10 MW and
possibly up to 20 MW. The Company plans additional geophysical surveys and
shallow temperature gradient drilling within the license area as the first steps
to upgrade this resource into a known reserve and to determine the resource
potential of the rest of the license area. 


Miljana Vidovic, President and CEO of Reservoir commented: "We are very pleased
with these results and GeothermEx's validation of our work to date at Vranjska
Banja. The existing geothermal wells make this a relatively low-risk play
technically and the high capacity factors typical of geothermal plants could
make this a very material addition to our hydro portfolio."


The 1,750 hectare exploration permit for Vranjska Banja surrounds the 2 hectare
exploitation permit encompassing the two existing geothermal wells: VG-2 and
VG-3. The Company has an agreement under which it has completed well testing and
resource studies on these wells, in addition to mapping, sampling and
geophysical surveys on its own exploration license. 


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 concessions on the Cehotina River in Bosnia (17.75 MW).
Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and
on the Frankfurt and Berlin Exchanges (symbol "ROC").


For further information on Reservoir Capital Corp., please consult the Company's
website www.reservoircapitalcorp.com.

Reservoir Capital Corp. (TSXV:REO)
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