Reservoir Capital Corp.: Brodarevo Project Update and Share Consolidation Proposal

Reservoir Capital Corp. (TSX VENTURE:REO) (FRANKFURT:ROC) (BERLIN:ROC)
("Reservoir" or the "Company") is at an advanced stage of permitting for its
Brodarevo Hydroelectric Project in Serbia, for which a positive Feasibility
Study was completed in 2012 and Environmental Permits granted in 2013. The
Company now awaits a decision from the Government of Serbia with regard to use
of the government owned land affected by the project in order to complete
applications for construction permits. The longer than expected timelines for
approvals in Serbia and uncertainties around the Bilateral Agreement on
renewable energy exports between Serbia and Italy have meant that the Company
has been unable to advance its negotiations for project finance in a timely
fashion. The Company is now obliged to raise additional equity capital in order
to complete the permitting and project finance for Brodarevo and to secure and
advance its other renewable energy licenses and concessions in the region.


Given the decline in the Company's share price to levels substantially below
that at which it is viable to issue new shares, the Company will be seeking
approval of shareholders for a consolidation of the Company's issued and
outstanding common shares at a ratio of up to 20 pre-consolidation shares into
one post-consolidation share at the special meeting of shareholders to be held
on March 4, 2014. The board of directors is recommending shareholders approve
the share consolidation in order to secure future equity financing and increase
the Company's flexibility with respect to potential business transactions.


If the consolidation is approved, the board of directors will have the authority
to implement the consolidation at the ratio of up to 20:1 at any time and will
be permitted, without further shareholder approval, to select a lower
consolidation ratio if it deems that to be more appropriate. Notwithstanding
approval of the consolidation by the shareholders, Reservoir's directors, at
their sole discretion, may abandon the consolidation without further approval,
action by or prior notice to shareholders.


Reservoir currently has 84,361,726 common shares issued and outstanding and, if
the consolidation is completed on a 20:1 ratio, will have 4,218,087 common
shares issued and outstanding. The Company does not intend to change its name in
connection with the consolidation, although its CUSIP number and ISIN will
change.


The proposed consolidation is subject to the approval of the shareholders of
Reservoir and the TSX Venture Exchange.


About Reservoir

Reservoir is a renewable energy company engaged in the development of a 59.1 MW
hydroelectric project at Brodarevo on the River Lim, the Vranjska Banja
geothermal project, both in southern Serbia, and the 17.76 MW Cehotina
hydroelectric projects in Bosnia. 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.


Neither the 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 Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
www.reservoircapitalcorp.com

Reservoir Capital Corp. (TSXV:REO)
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