Corp Pres

TSX-V: REO
Renewable Energy in Southeast Europe
January 2012
Forward Looking Statements

This presentation contains forward-looking statements and factual information that
are current as of the date the presentation was originally delivered. Reservoir Capital
Corp., and its subsidiaries disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or
otherwise.
Forward-looking statements include, but are not limited to, statements with respect to
the timing and amount of estimated future development activities, expenditures,
permitting, and requirements for additional capital and access to data.
Forward looking statements involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by the forward looking statements. Such factors
include, among others, risks related to actual results of project development activities;
changes in project parameters as plans continue to be refined; the ability to enter into
joint ventures or to acquire or dispose of projects; future prices of electricity;
accidents, labor disputes and other risks of the power industry; ability to obtain
financing; and delays in obtaining governmental approvals of financing.
TSX-V: REO
www.reservoircapitalcorp.com
Company Overview
Reservoir Capital Corp (REO.V) is a hydro-focused renewable energy company based in

Southeast Europe, with a development portfolio comprising 76 MW of hydroelectric
projects in Serbia and Bosnia and an extensive deal pipeline.
The Companys flagship projects, the Brodarevo 1 (26.0MW) and Brodarevo 2 (32.4MW)
hydroelectric projects are projected to complete Feasibility Studies and Permitting in
the H2-11, while Cehotina (17.75MW) is in the licensing phase.
In June 2011, the Company completed a Power Purchase Agreement with GDF Suez
Energia Italia S.p.A. a wholly-owned subsidiary of the GDF Suez Group to buy power
from Brodarevo for export and distribution into the Italian market at prevailing market
prices and pass on to the Company the value of any incentives generated by the
project.
In October 2011, the Company completed a divestment of its Serbian portfolio of 8

highly-prospective precious and base metal licenses.
TSX-V: REO
Why Hydro Power?
Clean, safe, no fuel, reliable, renewable and provides long-term cash flow.
High capacity factors (45-55%) compared to wind and solar (20-30%)
A proven technology in use for over a century (e.g. Niagara Falls),

currently providing about 20% of the world's electricity (>30% in the
Balkan region).
Electricity consumption globally is expected to double by 2030, primarily

in developing countries, where there is still hydro development potential.
Grids love hydro because of its flexibility can switch it on and off, call the
power when most needed and with the right set-up, take power back
when the grids are overloaded.
TSX-V: REO
Why Southeast Europe?
The EU has mandated that 20% of its power will be renewable by 2020 and
most countries have introduced preferential feed-in tariffs and credits to
encourage and support new development.
Predominance of wind and solar (intermittent power), so 33% of the power

base (currently 16%) needs to be renewable to 20% production target. Several
countries are foregoing the nuclear option in favor of more renewables.
Utilities and grids need more hydro projects to maintain grid stability. Central
and Southeastern Europe has the only significant undeveloped potential.
Most of Southeast Europe is in or joining the EU and there is already a free

trade agreement managed by the EU covering the regional grid.
Italy plans to fulfill part of its EU renewable energy obligations by investing in

the Balkans and is signing bilateral deals with Albania, Croatia, Montenegro,
Bosnia and Serbia to import renewable energy via new subsea cables.
TSX-V: REO
Reservoir Capital Strategy
Mission: To build a profitable renewable energy business in Southeast Europe.
Current development pipeline of 76 MW of hydro projects in Serbia and Bosnia.
Organic growth plans in Serbia, Bosnia and Montenegro.
Building a portfolio of prospective geothermal projects in Serbia and the region.
Seeking premium pricing for electricity sales by selling into the EU to capture
subsidies and incentives.
TSX-V: REO
Attractive Italian Energy Market

Green Certificate Monthly Average Price between 2006-2010(/MWh)
100.74
102.96
101.42
96.72
93.44
93.83
91.61
Feb
Mar
Apr
May
Jun
93.06
88.64
Sep
Oct
Nov
Dec
72.39
73.75
72.53
73.73
74.04
Aug
Sep
Oct
Nov
Dec
88.07
Jan
91.49
89.19
Jul
Aug
Electricity Monthly Average Price between 2006-2010 (/MWh)

79.37
74.26
Jan
Feb
78.98
68.76
Mar
63.61
64.26
66.44
Apr
May
Jun
Jul
Data Source: Gestore Mercati Energetici
TSX-V: REO
Italian Tariffs for Serbian Energy

Italy to Pay EU155 Per MWH Produced From Renewables in Serbia
Italy has agreed to pay one of the highest feed-in tariffs in Europe for electricity produced from
renewable sources in Serbia, the Balkan country said.
The agreement guaranteeing the price of 155 euros (USD $214.5) per megawatt hour will be signed
by respective government officials in Rome tomorrow, supporting Italian energy investments in
Serbia that may exceed 1 billion euros, Serbias Infrastructure Ministry said in an e-mailed
statement.
Beneficiaries will include Seci Energia SpA, a unit of Maccaferri Group, which earlier this year
agreed with Serbias power monopoly, Elektroprivreda Srbije, to jointly develop 10 hydro plants of
more than 300 megawatts combined capacity for estimated 819 million euros. The plants on the
Drina River will help Italy meet a goal of deriving 17 percent of its power consumption from
renewable sources by 2020.
Seci Energia and Elektroprivreda, or EPS, are also working on three plants on the Ibar River in
southern Serbia, worth an estimated 300 million euros and totaling 103 megawatts.
The accord in Rome will be signed by Italys Industry Minister Paolo Romani, who oversaw the
agreement between Seci and EPS. He said then the electricity will be exported to Italy via
Montenegro and an underwater cable across the Adriatic Sea.
Source: Bloomberg, October 24th, 2011
TSX-V: REO
Project Overview
Vojvodina
Geothermal
3 exploration permits
(98km2)
Brodarevo 1 & 2
Run of River Hydro
58.4 MW
Vranjska Banja
Geothermal
1 exploration permit
(17.5Km2)
Cehotina
Run of River Hydro
17.5 MW
TSX-V: REO
Serbian Hydro Projects

Brodarevo 1 Run of River (Lim River, Serbia)
26.0 MW Optimized Design
Design Flow of 150m3/s
Head of 19.73m
44.93% Capacity Factor
102.33 GWh/year
Construction Cost 71.099 M
Brodarevo Dam Location
Brodarevo 2 Run of River (Lim River, Serbia)

32.4 MW Optimized Design
Design Flow of 150m3/s
Head of 24.7m
130.59 GWh/year
Construction Cost 68.830 M
TSX-V: REO
10
Bosnian Hydro Projects

Luke Run of River
5.0 MW
Mean Flow of 20.75m3/s
Gross Head of 21m
Projected output 25GWh/year
Falovici Run of River
9.0 MW
Mean Flow of 21m3/s
Gross Head of 40m
Projected output of 45GWh/year
Godijeno Run of River
3.75MW
Mean Flow of 21.8m3/s
Gross Head of 14.25m
Projected output 18GWh/year
TSX-V: REO
11
Brodarevo 1 and 2 Hydro Projects

Pre-Feasibility studies completed June 2010.
Dam sites and conceptual designs defined,
conceptual engineering and costing defined.
Optimization has increased capacity to
58.4MW (was 48MW), with estimated
production of approximately 232GWh/yr
(was 189GWh/yr)
Breakeven price of electricity equaling
76.5/MWh at an 8% discount rate.
Feasibility studies targeting completion H12012. Construction start-up in mid 2012,
operational 2015.
TSX-V: REO
12
Cehotina Hydro Projects
3 Smaller Hydro Projects

Estimated Total Production of 88
GWh/year
Capacity Factors between 54.79% &
57.07%
Preliminary Capital Cost Estimates
~40.00M
TSX-V: REO
13
Serbian Geothermal Projects

Vranjska Banja southern Serbia
Permit covers 17.5km2
2 existing geothermal wells in the area
Geothermal resources indicate:
Flow rate of approx. 25 l/sec
Outflow temp. range of 83 C- 105 C
Exploration program on-going
Vojvodina Province northern Serbia
3 exploration permits:
Banatsko Arandjelovo (48km2)
Aadorijan (22.5km2)
Kutusina (27.5km2)
Existing Geothermal Well in the Vranjska Banja area
TSX-V: REO
14
Electricity Transmission to Italy
TSX-V: REO
15
Project Assumptions
Projects
Commissioning Date
Brodarevo 1
Brodarevo 2
2-Feb-14
31-Dec-15
Life of Project (Years)
Total Capital Cost ( MM)
Luke
Falovici
Godijeno
30
30
30
71,099
68,830
12,735
20,071
12,938
2,735
2,124
2,626
2,230
3,546
26
32
102,361
130,559
20,303
33,602
15,710
Capacity Factor (%)
45%
46%
57%
57%
55%
Income Tax Rates
10%
10%
10%
10%
10%
Total Capital Cost ( / MW)

Capacity (MW)
Estimated Annual Output (MWh)
TSX-V: REO
16
Strong Management
Miles Thompson, Executive Chairman ex-Gold Fields, +25 years natural resource project
management and M&A in emerging markets.
Miljana Vidovic, President ex-Manager Business Development for Tractebel Engineering (GDF
Suez Group) in Southeast Europe.
Chris MacIntyre, Vice-President, Corporate Development ex-UNX Energy Corp.
Milan Cusic, Deputy Director REV Serbia engineer with +15 years with Serbian State Utility,
most recently as Chief Hydro Engineer. Responsible for the Companys hydro projects.
Aleksandar Obrenovic, Director SEE Serbia geologist with +20 years experience in natural
resource sector, ex-Geological Survey. Responsible for the Companys geothermal projects.
Alain Dumont, Chief Consulting Engineer 20 years developing energy projects with Electrobel
(GDF Suez Group) throughout Europe.
Momo Malis, Consulting Engineer Bosnia - +30 years with Bosnian State Utility.
Mike Carter, Hydro Development Consultant First Green Energy, ex-Regional Power.
Anthony Allen, Business Development Consultant ex-Weston Solutions, energy and
environmental consultant.
TSX-V: REO
17
Capital Structure
TSX- V: REO
Issued Shares
53.243 M
Options
2.57 M
Warrants
10.045M
Fully Diluted Shares
65.859 M
Cash Position
~$6.0 M
Management Ownership
4.8M (9%)
52 Week H/L
TSX-V: REO
$ 2.31/$0.37
18
Investment Highlights
Experienced management with well-established relationships with local

and federal governments
76 MW hydroelectric development pipeline; growing through addition of

new project applications and acquisitions in the region
Advanced Brodarevo Projects scheduled to complete feasibility studies

and start construction in 2012.
Cehotina hydro projects under application.
Four new geothermal licenses granted in 2010, Vranjska Banja already

undergoing reservoir testing.
TSX-V: REO
19
Contact Information
Christopher MacIntyre
Vice-President Corporate Development
E-Mail: cmacintyre@reservoircapitalcorp.com
CDN Phone: +1 (416) 703 0010
SRB Phone: +381 (6) 357 1425
TSX-V: REO
20

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TSX-V: REO

Renewable Energy in Southeast Europe

Forward Looking Statements

Reservoir Capital Corp (REO.V) is a hydro-focused renewable energy company based in

In October 2011, the Company completed a divestment of its Serbian portfolio of 8

Why Hydro Power?

High capacity factors (45-55%) compared to wind and solar (20-30%)

A proven technology in use for over a century (e.g. Niagara Falls),

Electricity consumption globally is expected to double by 2030, primarily

Why Southeast Europe?

Predominance of wind and solar (intermittent power), so 33% of the power

Most of Southeast Europe is in or joining the EU and there is already a free

Italy plans to fulfill part of its EU renewable energy obligations by investing in

Reservoir Capital Strategy

Mission: To build a profitable renewable energy business in Southeast Europe.

Current development pipeline of 76 MW of hydro projects in Serbia and Bosnia.

Organic growth plans in Serbia, Bosnia and Montenegro.

Building a portfolio of prospective geothermal projects in Serbia and the region.

Attractive Italian Energy Market

Electricity Monthly Average Price between 2006-2010 (/MWh)

Data Source: Gestore Mercati Energetici

Italian Tariffs for Serbian Energy

Serbian Hydro Projects

Brodarevo 2 Run of River (Lim River, Serbia)

Bosnian Hydro Projects

Brodarevo 1 and 2 Hydro Projects

Cehotina Hydro Projects

3 Smaller Hydro Projects

Serbian Geothermal Projects

Electricity Transmission to Italy

Life of Project (Years)

Total Capital Cost ( MM)

Capacity Factor (%)

Income Tax Rates

Total Capital Cost ( / MW)

Fully Diluted Shares

Experienced management with well-established relationships with local

76 MW hydroelectric development pipeline; growing through addition of

Advanced Brodarevo Projects scheduled to complete feasibility studies

Cehotina hydro projects under application.

Four new geothermal licenses granted in 2010, Vranjska Banja already

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