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Reservoir Capital Corp. TSX VENTURE: REO FRANKFURT: ROC BERLIN: ROC
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Reservoir Capital Applies for Third Serbian Energy License
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2009) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to announce that it has, through its wholly owned subsidiary REV d.o.o. ("REV"), submitted an application to the Serbian Ministry of Mining and Energy for the Vrutci hydro project, on the Djetinja River in the municipality of Uzice in southwest Serbia. The Vrutci Energy License will give REV the exclusive right to work in conjunction with the local municipality to develop a project converting an existing water supply reservoir into a hydroelectric power plant.
About Vrutci
The existing Vrutci dam and reservoir were constructed in 1984 on the Djetinja River to provide a water supply and flood protection for the municipalities of Uzice and Sevojno. The dam is a double-curvature arch, 77 meters high, 241 meters long and contains approximately 54 million cubic meters of water. The proposed Vrutci Hydro Power Project ("Vrutci HPP") will have an installed capacity of 32MWand estimated initial production of 45 gigawatt hours annually. REV has enjoyed strong support from local leaders in industry and government regarding this project and we look forward to working with the municipality of Uzice to develop the Vrutci HPP.
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".
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Reservoir Capital Corp.Miljana Vidovic
President
(604) 662-8448
or
Reservoir Capital Corp.
Miles Thompson
Chairman
(604) 662-8448
or
Reservoir Capital Corp.
Kim Casswell
Corporate Secretary
(604) 662-8448
or
Reservoir Capital Corp. - Vancouver
Julia Maxwell
Investor Relations
(604) 662-8448
(604) 688-1157 (FAX)
or
Reservoir Capital Corp. - Toronto
Chris MacIntyre
Investor Relations
(416) 640-1932
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com
