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Reservoir Minerals

April 2012

Discoveries & Opportunities in Europe & Africa

This presentation contains forward-looking statements and factual information that are current as of

the date the presentation was originally delivered. Balkan Exploration and Mining D.o.o. and its parent

Reservoir Minerals Inc., 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 exploration, success of exploration 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 current exploration

activities; changes in project parameters as plans continue to be refined; the ability to enter into joint

ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor

disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining

governmental approvals of financing.

Forward Looking Statements

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WWW.RESERVOIRMINERALS.COM

Reservoir Minerals is a mineral exploration and project generator, our business is focused on….

Maximizing exploration and development opportunities for company making discoveries and development projects.

Building shareholder value while managing downside risks.

• Multiple plays in a portfolio increase the odds of discovery and project success.

• Diversity in metals, geography and project stage reduces portfolio risk.

• Downside risk management and capital preservation achieved through partnerships. Partners fund exploration development after Reservoir has created the initial value.

Summary

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Simon Ingram (Director, President & CEO) – 20 years in exploration and mining project development globally. Founding director of Reservoir Capital. PhD in Mineral Resource Evaluation Cardiff University.

Christopher MacIntyre (VP Corporate Development) – 5 years in public markets and the natural resource sector. Graduate in Commerce from the Queen's School of Business at Queen's University (Canada).

Christina Cepeliauskas (CFO) – Certified General Accountant with more than 15 years of financial accounting and treasury experience in the mineral exploration and mining industry. CFO of Eurasian Minerals Inc. and Reservoir Capital Corp.

Aleksandar Obrenovic (VP Exploration) – 20 years in exploration and mining. Graduate of the University of Belgrade with a degree in Engineering and Economic Geology.

Geological team Serbia – (9 Geologists with 30 -3 years experience) Lajos Seke, Zoran Starcevic, Vojislav Mrdja, Miodrag Banjesevic, Zeljko Sofronijevic, Dusan Bjelotomic, Marko Krstic, Milos Momic.

Geological team W Africa – (2 Senior Geologists): Chris Spencer and Alain Lambert, both with over 30 years of international experience much with the BRGM.

Duncan Large (Advisor, Geologist and QP) – 30 years in exploration and mining globally. Royal School of Mines, London (M.Sc.) and the Technical University of Braunschweig (Ph.D.).

Management

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Miles Thompson – 25 years in exploration and mining globally. Ex-Manager Business Development for Gold Fields. Geology graduate of the University of Bristol (UK).

Michael Winn – 25 years in the natural resource sector and public markets. Geology graduate of the University of Southern California.

David Knox – 25 years Investment banking and commodity trading experience. Currently CEO of Firestone Energy, an ASX and JSE listed mining development company. Senior Executive Officer, BBY, (2008 to 2011). Head, Energy Group / Exco Resource Banking, Standard Bank (2000 to 2006).

Geoff Chater – 22 years in the mining industry. From 1999 to 2008, Mr. Chater held the position of Corporate Relations Manager for copper producer First Quantum Minerals Ltd. Geology graduate of Texas Christian University.

Miljana Vidovic – 15 years managing energy and minerals exploration businesses in Southeast Europe. Graduate of the University of Belgrade with a diploma in Economics (Serbia).

Directors

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Strong existing portfolio of diverse projects: Maximise value

• Additional Exploration of the current projects

• Mapping, trenching, geophysics, 3D modelling and targeting drilling, mineralogical and metallurgical test work

• Proof of concepts to generate advanced drill out targets

Seek additional JV partners / project investors

Expanding portfolio in Serbia and beyond to Romania and FYR Macedonia

• Leverage our strong local operational capability by developing new minerals opportunities in Serbia and regionally in Europe

Europe: Serbia

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Success through regional expertise and partnerships

Building new portfolios

• Applications for new exploration licences in West Africa.

• Identifying partnership opportunities for early stage and advanced projects. JV Cameroon.

• Opportunistic investments, distressed and undervalued assets

• Strong exploration team, Alain Lambert and Chris Spencer both with 30 years of exploration experience ex BRGM. Alan resident in West Africa.

Seek additional JV partners / project investors

• Partnerships after creating initial value steps. Initial exploration to identify drill ready targets or moving advanced projects to resources and reserves. Risk reward balance.

Africa

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CDN$ 1.1m – Corporate: G&A

CDN$ 1.5-2m – Serbia / Europe: Exploration and project development

CDN$ 1-2m – Africa: Exploration portfolio development

• Licence application, Acquire Projects , JV.

• Exploration and Project development on specific projects

CDN$ 3.6-5.1m – Total allocated

CDN$ 3.1-4.9m – Available for future exploration and corporate activity

Budget 2012

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Corporate Structure (CDN$)

Equity Price Shares % Total Cash Raised

Basic total Shares 25,676,250 59.2% 9,794,508

Finders Shares 0.65 429,882 1.0% 0

Management Stock Options 0.65 2,025,000 4.7% 1,316,250

Warrants 0.90 15,206,032 35.1% 13,685,429

Total Fully Diluted 43,337,164 100.0% 24,796,187

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Trading range $0.35 – $0.80 Listed at $0.65 – November 2011

Market cap at $0.65 – 16.7M Cash position Feb-12 - $ 8.5M

Joint Ventures - exploration upside, risk mitigation and capital preservation

• Timok Belt (Cu-Au), 2 permits surrounding the Bor mine are in joint venture with Freeport-McMoRan Exploration Corporation. Freeport is targeting the largest world class deposits.

• US$ 3.0M committed to exploration in return for 55% of project equity. Free carry to feasibility for 75%

• US$ 2.6 spent to date

• Deli Jovan (Au) permit is joint ventured with UK-listed Orogen Gold (AIM: ORE). Orogen is funding the reopening of two historic gold mines and has a stated strategy to target small scale production of 30,000 Oz gold pa.

• CDN$ 3.5 million committed to exploration in return for 75% of project.

• CDN$ 1.5 million to be spent by June 2012, balance by June 2015

Joint Venture Projects

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Timok Project- Freeport Earn-in (Copper – Gold)

• World class porphyry-epithermal district. RTB Bor Mine resource and reserves stated to be 2.5 Bt containing 10.5 Mt copper and 11.7 Moz gold metal.

• 350 km2 RMI permits are adjacent and between the operating mines. Reservoir awarded 3 new permits in 2012 totaling 148.25 Km2.

• Geophysics and 3D geological modeling proving successful in targeting blind copper and gold mineralization at depth.

• New discovery of blind mineralization: 34 m @ 2.49 g/t Au, 84 m @ 0.38 % Cu. Ongoing drilling program with additional drilling results to be released during the year.

• Increased permit area- Increase opportunity for success.

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Orogen Earn-in to Deli Jovan (Gold)

• 69km2 property over 8km shear with bonanza-grade (>100g/t) mesothermal gold veins.

• Historic high grade gold mines, Gindusa and Rusman worked to the early 20th Century. Reservoir previously reopened 4km of old workings.

• Refurbished two shafts and accessed old mining levels for mapping and sampling. Soil sampling program completed – possible mineralization extensions identified. Drilling to commence Q2 2012

• Orogen targeting early production. Earning up to a 75% interest by investing $3.5m.

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Bobija (Silver – Lead – Zinc)

• 100% owned, 33km2 property surrounds a barite mine with reported resources (non 43-101) of 1.2Mt at 53% BaSO4 and 0.53Mt at 3.33% Pb, 4.18% Zn and 25.6% BaSO4.

• SEDEX-type mineralization with fine-grained stratiform sulphide zones 4-10m thick. SEDEX deposits can be large tonnage deposits.

• Outcrop sampling 6 m @ 5.05% Pb, 5.68% Zn, 0.85% Cu, 161 g/t Ag, 1.56 g/t Au. Historic Underground sampling yielded persistent grades ~10% Zn+Pb.

• Younger quartz vein overprint with gold.

• 2012- mapping, topographic survey, 3D model -historic data, dump sampling, metallurgical test work.

Sample from ore dump: 4.97% Pb, 3.94% Zn, 110 g/t Ag, 1.46 g/t Au. Potential- 100-200,000t

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Parlozi (Silver – Lead – Zinc)

• 100% owned, 91km2 property over historic mines. Targeting carbonate replacement type silver-rich polymetallic deposits.

• 43.101 Technical Report completed (2011).

• Historic (1980’s ) drill defined non-43-101 resource of 6.5Mt containing 4.1% Pb, 2.1% Zn, 0.3% Cu, 130 g/t Ag.

• Check hole PA-01 confirms mineralization and geology, intercepted up 1,175g/t Ag. 3D modeling confirms mineralization extent in historic resource. IP anomaly indicates mineralization could extend several Km. Historic surface workings indicate mineralization could project from depth to surface (>500m).

• 2012 – Mapping, geophysics, 3D modeling historic resource and mine workings, trenching and drilling. Objective confirm mineralization surface to depth.

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D:/Reservoir Minerals/Presentation/PARLOZI_VEINS_TOPO OCT2011.gvp

Stara Planina (Gold – Copper – Molybdenum)

• 100% owed, 63km2 property, granodiorites intruding basement gabbro

• Two main target areas: Gradiste and Aldinac each have extensive (>3km) Cu, Au, Mo in soil anomalies

• Intrusion-related bulk-tonnage Cu-Au-Mo target and numerous high grade veins

• Historic mine, Alin Do with mining grades: 24 – 62 g/t Au, 4 – 6% Cu and 1 – 4% Bi. Sampling confirming high grade gold up to 70 g/t

• Other areas: Best grab samples 50.4 and 28.2g/t Au. Recon trenching: 2m @ 3.85g/t Au, 2.65% Cu, 1.3m @ 35.7g/t Au

• 2012- Mapping, trenching, geophysics, 3D modeling and drilling Alin Do historic mine area. Objective confirm mineralization

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D:/Reservoir Minerals/Presentation/Alin Do-main_structure_Mineralization_trend2.gvp

Plavkovo (Gold)

• 100% owned, 20km2 property over epithermal gold targets.

• Gold identified by trenching on the Plavkovo prospect. The “Gypsum Zone” is 400 meters east of previous trenches-Possible continuation of the mineralized structure for nearly 800 meters.

• 800m gold-bearing silica cap at Bukovik with quartz-alunite alteration and gold-in-soil anomaly indicative of gold-rich high sulphidation system.

• 2012 – Mapping, trenching, geophysics and drilling Plavkovo targets. Objective to expand mineralization extents of Gypsum Zone. Drilling commenced end 2011

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Africa Exploration

• Licence applications submitted in 3 West African countries.

• Large exploration licences 500-1,000 Km2.

• Targeting greenstone belts capable of hosting multi million ounce gold projects and large iron ore deposits.

• Early stage exploration to define drill targets.

• JV and other partnership opportunities being investigated.

• Distressed project / company opportunities requiring investment will be reviewed. Regional

Exploration

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Cameroon

• Two Projects under JV with Cameroon exploration consulting company BEIG3.

• Projects - Bibemi and So’o

• Equity split RMC- BEIG3 90-10% in local company. RMC will pay to BEIG3 C$ 85,000 over a two year period, refund prior exploration costs of up to C$ 10,000 and incur exploration expenditure of C$ 4,000,000 prior to December 31 2022 or the expiry of the last exploration licence.

• Reservoir Minerals Cameroon SARL established, office established with administrator in Yaounde. Two ex BRGM geologists in the field since January 2012 recon mapping, geochemical sampling. Alain Lambert, Andre Lacome.

• BEIG3 is an experienced local company actively seeking new projects for the RMC - BEIG3 JV in Cameroon which is an underexplored country.

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Conclusion

• Well funded exploration and project generator

• SE Europe and African exploration portfolio with good upside potential

• JV partnerships with major and junior companies providing risk mitigation and exploration upside

• Portfolio diversification by; geography, metals, project type and JV partners.

• Experienced technical and management team

• Treasury- CAD$ 8.5M

Regional Exploration

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Reservoir Minerals Inc. Contacts

• Simon Ingram Director, President and CEO [email protected]

• www.reservoirminerals.com

• Christopher MacIntyre Vice President, Corporate Development [email protected] Phone +1 (416) 703-0010

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Business

mineral exploration

balkan exploration

mining project

years of financialaccounting

value additional exploration

years investment banking

mining development company

mining industry ability