VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(OTC PINK:RVRLF)(BERLIN:9RE) is pleased to announce the filing of a Preliminary Economic Assessment ("PEA") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on the Company's Timok JV Project and Cukaru Peki deposit ("Cukaru Peki") in Serbia. The Cukaru Peki PEA is entitled "NI43-101 Preliminary Economic Assessment of the Cukaru Peki Upper Zone Deposit, Serbia, March 2016" and is dated effective March 31, 2016 (the "Technical Report"). The Technical Report, the results of which were previously announced in the Company's news release dated April 19, 2016, was prepared by SRK Consulting (UK) Limited and is available today under Reservoir's profile on SEDAR, at www.sedar.com, and on Reservoir's website at www.reservoirminerals.com.

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.

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