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Reservoir Minerals Inc.: Underground Sampling Confirms High-Grade Silver-Lead Mineralization at the Plandiste Prospect, Parlozi Project, Serbia

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/13/14 -- Reservoir Minerals Inc. (TSX VENTURE: RMC)(PINKSHEETS: RVRLF)(BERLIN: 9RE) ("RMC" or the "Company") is pleased to report results of recent exploration at the Parlozi silver-lead-zinc Project in central Serbia with partner Midlands Minerals Corporation ("Midlands") (TSX VENTURE: MEX). Results of channel sampling across a mineralised structure in the rehabilitated Plandiste underground adit yielded a weighted average of 20.79% lead, 670.6 g/t silver and 0.44 g/t gold over a true thickness of 6.0 meters.

Dr. Simon Ingram, President and CEO of Reservoir Minerals commented: "Reservoir Minerals is pleased that the recent results confirm the continuity at relatively shallow depths of high-grade silver-lead mineralisation in the Plandiste prospect. The Company is encouraged that the Plandiste prospect is shaping up to be as prospective as the nearby Parlozi prospect where earlier validation drilling identified high-grades of lead-zinc-silver-gold mineralisation."

Plandiste Adit Sampling

The Plandiste adit provided underground access for exploration and mining of silver-lead-zinc veins and replacement mineralisation, probably during the first half of the 20th century. Surface evidence of historical exploitation consists of numerous pits and shallow shafts over an area of approximately 1000 x 750 meters. The rehabilitation of the Plandiste adit (elevation +195 meters) allowed Company geologists to map and sample mineralised structures. The objective of the sampling was to test for the presence of zinc-lead-silver mineralisation at depths of up to 90 meters beneath the old workings, and extensions from previously mined stopes.

Company geologists mapped the mineralisation in the adit and supervised the collection of continuous chip-channel samples, random chip samples, and selected grab samples from the mineralised structures. The mineralisation in the adit consists of partially oxidised galena and pyrite on fault zones and as structurally controlled replacements in the calcareous host rocks (marls, calc-arenites, conglomerates). A map showing the location of all samples (total 39) is provided on the Company website (www.reservoirminerals.com), and significant results are provided in Table 1.

Table 1: Significant results from samples collected in the Plandiste adit.

----------------------------------------------------------------------------
                                   Sample       True
                        Sample     Length  Thickness      Pb      Ag      Au
Sample No              Type(i)        (m)        (m)       %     g/t     g/t
----------------------------------------------------------------------------
PA 105436             Selected                         13.15   548.0    0.46
----------------------------------------------------------------------------
PA 105442              Channel        0.5        0.5   27.03   568.0    0.33
----------------------------------------------------------------------------
PA 105451             Selected                          6.61    70.6    0.24
----------------------------------------------------------------------------
PA 80794               Channel        1.0        0.8   17.10   502.0    0.10
----------------------------------------------------------------------------
PA 80795                Random                          9.61    55.9    0.37
----------------------------------------------------------------------------
PA 80797               Channel        1.5        1.2    3.99    21.1    0.20
----------------------------------------------------------------------------
PA 80798               Channel        3.0        2.4   22.91  1355.0    0.25
----------------------------------------------------------------------------
PA 80799               Channel        3.0        2.4   27.08   311.0    0.75
----------------------------------------------------------------------------
PA 81125              Selected                         27.97  1215.0    0.08
----------------------------------------------------------------------------
PA 81126              Selected                         10.30   173.0    0.06
----------------------------------------------------------------------------
PA 81127                Random                          3.84   119.0    0.24
----------------------------------------------------------------------------
PA 81128                Random                          4.28   146.0    0.16
----------------------------------------------------------------------------
(i)  Channel samples collected as representative chips along a predefined
     line
     Random chip samples collected as random chips within a predefined
     surface area of outcropping rock, and are not fully representative of
     the average grade
     Selected grab samples collected from mineralised rock, and are not
     representative of average grade

Samples PA 80797, 80798 and 80799 were collected continuously across a 7.5 meters wide (apparent thickness) structure, and yield a weighted average of 20.79% lead, 670.6 g/t silver and 0.44 g/t gold over a true thickness of 6.0 meters.

The values for zinc and copper are not included in Table 1 since they are not considered to be material. The maximum value for zinc recorded in all the samples was 0.40%, and the maximum value for copper was 0.12%.

Parlozi Project

The 91 square kilometer Parlozi exploration permit covers multiple occurrences of historic zinc-lead-silver mining in the Kosmaj-Babe area of the Sumadija mining district in central Serbia. Midlands has a definitive option agreement ("Parlozi Option Agreement" with Reservoir to earn up to a 75% interest in the Parlozi project (Company News Release April 7th, 2014).

The Parlozi Option Agreement provides that Midlands can earn an initial 51% interest in the Project by spending CDN$4.5 million on exploration over four years. A minimum spend of CDN$500,000 before September 30, 2014, including reimbursement of exploration expenditures on the project by Reservoir since June 6th, 2013 and 1,500 meters of drilling, are firm commitments. Thereafter, Midlands can earn an additional 14% interest over two years by obtaining a mining exploitation permit from the Serbian Government and a further 10% (for a total of 75%) by completing a bankable feasibility study within two years of obtaining a mining exploitation permit. Midlands have reimbursed Reservoir CDN$ 103,757 for previous exploration expenditures.

The Plandiste prospect is located approximately 1.4 kilometers west of the Parlozi prospect, where the Company drilled a validation drill hole of 600 meters depth (drill hole PA-1). Maps and further information on the Project are provided on the Company website (www.reservoirminerals.com).

Sample Analysis and Quality Control:

Sample preparation was undertaken by ALS Chemex at Bor, Serbia, gold was analysed by fire assay with AAS finish at the ALS Chemex ISO 17025 accredited laboratory in Rosia Montana, Romania, and by ICP-MS at the ALS Chemex ISO 17025 accredited laboratory in Loughrea, Ireland. Samples containing greater than 100 g/t silver, and 1% lead were reanalysed by ICP-AES, and samples containing greater than 20% lead were reanalysed by volumetric titration with EDTA (this method is specifically for high grade lead in ores and concentrates) at the ALS Chemex ISO 17025 accredited laboratory in Vancouver, Canada.

The Company follows industry standard quality assurance and quality control procedures for sampling. The QA/QC program includes the insertion of blanks, duplicates and certified standards into the sample stream.

Qualified Person:

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and a consultant to the Company, has approved the technical disclosure in this release and verified the data disclosed.

About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties in Europe and Africa. The Company operates an exploration partnership business model to leverage its expertise through to discovery.

For further information on Reservoir Minerals Inc., please consult our website www.reservoirminerals.com.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Reservoir Minerals Inc.
Chris MacIntyre
VP Corporate Development
+1.416.703.0010
[email protected]
www.reservoirminerals.com

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