Reservoir Minerals Reports Progress of Exploration Work on Its Nikolicevo Permit in the Timok Magmatic Complex, Serbia

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2014) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to report on progress from its first phase of exploration, which includes rock chip and trench sampling and two drill holes (RTN 1401 and 1402), on its 100% owned Nikolicevo Permit in the Timok Magmatic Complex ("TMC"), east Serbia. The Permit is approximately 5 kilometres east of the Cukaru Peki discovery and about 8.5 kilometres southeast of the Bor copper-gold mining complex.

Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "Initial exploration findings are encouraging: alteration and mineralization has been discovered in float, outcrop and trench sampling and in the first drill holes. Volcano-sedimentary rocks containing clasts of massive sulphide mineralisation have been found in float and outcrop as well as in drill hole RTN 1402. We believe that these observations confirm proximity to a mineralizing system. The Nikolicevo Permit has no history of mineral exploration and these initial results endorse the Company's exploration model and targeting methodology. We look forward to providing updates as the drilling campaign progresses."

Exploration Results

Surface Exploration

Initial exploration has focused on the Misljenovac and Rudine areas in the southern part of the Nikolicevo permit where favourable structures intersect the target Upper Cretaceous volcanic rocks. Massive pyrite-chalcopyrite mineralization has been identified in float and outcrops. Float sample TN 201087 of oxidized massive sulphide with relic pyrite-chalcopyrite yielded 16% copper and 1.86 grams per tonne (g/t) gold. A 40 metre long trench (Trench NT-9, located 500 metres southeast of the RTN 1402 collar) exposed argillic-altered andesite as subcrop and in the basal C-horizon of the soil profile. The exposed altered andesites contained limonitized structural zones with occasional malachite and azurite, and a channel sample yielded 1.57% copper and 0.11 g/t gold. Selected results from the trench are provided in Table 1 and trench location maps are provided on the Company's website (www.reservoirminerals.com).