Reservoir Minerals Presentation - October 2012

Reservoir Minerals

October 2012

“A New Copper Discovery in a Prolific and Proven Copper-Gold Mining District”

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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Summary

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Reservoir Minerals Inc. is a Canadian based company listed on the TSX Venture Exchange (TSX.V:RMC)

Reservoir Minerals is well-capitalized, with approximately $ 19.8 million in its treasury as of October 2012.

Progressing the Timok Copper Gold Project with Freeport-McMoRan, a new copper discovery within a proven and prolific copper-gold mining district.

Located in a mining friendly jurisdiction with excellent infrastructure and skilled workforce.

An experienced exploration and development team.

The right earn-in partner to deliver resource definition programs and commence mining studies, while creating value for shareholders without dilution.

Balkan and East Europe Mining

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Western Tethyan hosts numerous world class copper –gold deposits.

Later Cretaceous Magmatic belt is a key belt for copper gold mineralisation

The Timok Magmatic Complex in Serbia host the world class Majdanpek and Bor deposits which range from massive sulphide to porphyry style mineralisation. The deposits are elevated in terms of copper grade compared with other European belts.

Reservoir Minerals Inc. holds 350 Km2 of permits in the Timok

Serbia: Mining History - Mining friendly


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• Exploration & Mining Companies Working in Serbia:

• Freeport McMoRan Copper & Gold

• Rio Tinto

• Avala Resources Ltd, Dunav Resources Ltd and Pan Global Resources Inc

• Government committed to stimulating and encouraging foreign

investments within the Mining Industry. The stated aim:

• ‘…Mining’s contribution to increase from 2% of GDP to 5% by 2020 and employ 30,000 - 40,000.’

• Mining sector is the fastest growing Industry in Serbia.

• Annual mineral exploration expenditure Euro 50 million

• No Restrictions on Foreign Ownership, No government

participation

• 10% Corporate Tax Rate, 5% NSR royalty on metals Cu and Au.

• Inexpensive Energy Costs - Approximately $0.06 / Kilowatt hour

• New Mining code - 2012, Exploration 3+2+2 years then Mining

Concession.

• The European Union has granted Serbia EU candidate status

(March, 2012)

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

• RMC has 5 permits in the Timok (350 km2)- Adjacent and between operating mines.

• Prolific mining and good exploration potential for large deposits.

• RMC Deli Jovan gold exploration permit- East of the Timok Complex.

• RTB Bor Permits over existing mining areas. Contained mineralization Non 43.101 resources and Reserves under the Russian system - 10.5 Mt copper and 11.7 Moz gold metal

• Avala Resources Ltd.(TSX.V: AVZ) in west of Timok Complex. Bigar Hill Inferred Resource of 38,000,000 T @ 1.3 g/t Au 1.5 Moz contained Au

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Note 2

Majdanpek - Bor Complex- Prolific & Proven Copper Producing District


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• “The Timok region..over 100 years of continuous copper-gold mining”

• 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.

• Historic Production Bor-Majdanpek Mining Complex:

• Bor (High-Sulfidation Au-Cu) • 1902-1941 12Mt @ 5.6% Cu, 2.6 g/t Au • 1951-1984 87Mt @ 1.37% Cu • 1987-2001 51Mt @ 0.7% Cu, 0.2 g/t Au

• Majdanpek (Porphyry Cu-Au)

• 1961-2003 355Mt @ 0.55% Cu, 0.38 g/t Au

• Veliki Krivelji (Porphyry Cu-Au)

• 1987-2004 137Mt @ 0.35% Cu, 0.09 g/t Au Note 1

Open pit and underground mines - Veliki Krivelj open-pit provides 75% of production. The balance is from the; Coka Marin underground mine, Majdanpek open-pits and Jama underground mine.

Integrated Complex - Mineral processing plants, Smelter, acid plants, lime plant, Tankhouse, Cathode plant, Copper Wire Plant, Foundry, Castings plant, Precious metals refinery.

2011 – production (Estimate)

• Ore: 11.4 million tonnes

• Concentrate: 27,600 tonnes of copper in concentrate

• Cathode: 28,000 MT Copper cathode from domestic and foreign concentrates

RTB Bor- Majdanpek and Bor complex Mining, Processing and Smelting


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Government program of investment and renewal

• New surface mining equipment 2010-2012

• New flash furnace, sulphuric acid plant and effluent treatment plant. Completion early 2014.

• New smelter designed capacity – 400,000 tpa concentrate, 80,000 tpa of copper Anode.

• Financing provided by Export Development Canada.

• SNC Lavalin managing contractors (CAN$215 million) and Flash smelter technology by Outotec (EUR 60 million).

EBRD discussing a Euro 55 Million loan for construction of slag flotation and wastewater treatment facilities related to the smelter.

RTB Bor - Further Developments


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Overview of Bor - Infrastructure


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• New Discovery 7.5 Km south of Bor pit

• FMTC 1210 -266 metres @ 1.23% CuEq% 1.07 % Cu, 0.28 g/t Au

• FMTC 1213 -160 metres @ 10.16% CuEq% 6.92 % Cu, 5.50 g/t Au

• Close to existing large scale mining infrastructure

• Road, Rail, Electricity, water, new smelter and an experienced trained mining workforce.

• Discovery central to exploration permit with prospectively in all directions

Overview of Bor Mine


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Ore specimen Tilva Rosh mine 15% Cu

Overview of Bor – Mine Geology


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Note 1

Deposit Size (Mt)

Cu (%)

Au (g/t)

Borsk Reka: Porphyry

600 0.62 0.25

Tilva Rosh High Sulphidation - Massive Sulphide

200 1.5 0.8

Note 1

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


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• 3 permits under agreement with Freeport-McMoRan Exploration Corporation. “Freeport” is targeting the largest world class deposits.

• US$ 3.0M Earn-in for 55% of project equity completed.

• Freeport option to free carry Reservoir to bankable feasibility study for 75% of project.

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

• Four blind discoveries in 2012, 14642m drilled.

• 160 meters @ 10.16% CuEq% (6.92% Cu, 5.40 g/t Au)

• 266 metres @ 1.23% CuEq% (1.07% Cu, 0.28 g/t Au )

• 34 metres @ 2.49 g/t Au and 84 m @ 0.38 % Cu. The copper-equivalent (CuEq%) is calculated from the formula (Cu% + 0.6*g/tAu)

Brestovac Permit Discovery


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Brestovac Permit

• Geophysical studies (CSAMT and IP) and Structural modelling used to define targets.

• Blind discovery to date

• FMTC 1104 - 34 m @ 2.49 g/t Au from 317m to 351m

• FMTC 1210 -266 metres @ 1.23% CuEq% (1.07 % Cu,

0.28 g/t Au) from 598m to 864m.

• FMTC 1213 -160 metres @ 10.16% CuEq% (6.92 %

Cu, 5.50 g/t Au) from 461m to 621m.

• 200m step out drilling

• 4 rigs on site.

• Potentially large copper - gold epithermal and porphyry style

Drill Plan Map of Discovery


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FMTC 1210 Strip Log


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• 0 - 135m - Miocene cover

• 135 - 464m - Cretaceous sedimentary and volcaniclastic rocks

• 464 - 1,183m - Andesite and volcaniclastic rocks.

• Andesites - Locally brecciated, and variably altered and mineralised.

• Chalcopyrite, covellite, chalcocite, bornite and pyrite occurring as disseminations, breccia matrix fill, veinlets and locally massive sulphides

• 864 - 1,183m - Less intensely altered and mineralized.

• 1,183 - 1,947m results pending

The copper-equivalent (CuEq%) is calculated from the formula (Cu% + 0.6*g/tAu).

FMTC 1213 Strip Log


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• 0 – 245 m - Miocene cover

• 245 - 432m - Cretaceous sedimentary and volcaniclastic rocks

• 432 - 796.1m - andesite and volcaniclastic rocks.

• 461.7 to 633.0 m - moderate to intense mineralization of covellite, locally bornite, and pyrite in strongly altered andesites

• 633-796.1 m- brecciated andesite with a lower intensity of sulphide mineralization decreasing with depth


Schematic NW-SE cross section mineralisation


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Drill Hole FMTC1213, 528-529 m 28.67 % Cu, 5.50 g/t Au. 31.97 CuEq%


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• Massive Sulphide Breccia • Bornite (63% Cu) and Covellite (66.5% Cu)


Exploration targets: Old Bor mine vs exploration core


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Tilva Rosh 15% Cu specimen FMTC 1213 Drill core specimen. 508-509 m 36.51 % Cu, 8.50 g/t Au. 41.61 CuEq%

Exploration Plans 2012-2013


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• Freeport earn in Timok Project Permit areas

• Free carry to completion of feasibility study

• Exploration drilling

• Step out drilling- Define mineralisation limits, size potential

• Drilling new exploration targets

• Geophysics

• Leskovo permit, new permit surrounding the Chock Marine Mine.

• JV Recently acquired permits

• New permit applications

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$ 16.4- 14.9m – Available for future exploration and corporate activity

Budget 2012


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Corporate Structure (CDN$)

Equity Shares % Total

Basic total Shares 41,461,664

95%

Management Stock Options 2,396,000 5%

Total Fully Diluted 43,857,664 100.0%

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Trading range $0.33 – $3.92

Listed at $0.65 – November 2011

Market cap at $3.30– 136.8M

Cash position - $ 19.8M

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) – 6 years in public markets and the natural resource sector. Graduate in Commerce from the Queen's School of Business at Queen's University (Canada).

David Miles (CFO) – Chartered Accountant with more than 30 years experience in the mining and exploration business. Mr. Miles is currently the CFO of Esperanza Resources Corp., Lara Exploration Ltd., and Colombian Mines Corporation.

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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Conclusion

• A New Copper Discovery with Freeport – Right Technical and Financial Earn-In

• In A Prolific Copper-Gold Mining District – Existing Mining Infrastructure

• Clear Mining Law and Favourable Taxation Environment

• Low-Risk Europe

• Experienced Technical and Management team

• Treasury- CAD$ 19.8M Regional

Exploration

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Appendix


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• Note 1 Grades and tonnages of RTB Bor and Bor mineralization quoted in this presentation. Reservoir Minerals Inc. (“RMC”) emphasizes that these figures cannot be relied on, but considers that an appreciation of the grades in the differing styles of mineralization in the district is relevant to the assessment of the Timok Project. A qualified person as defined by National Instrument 43-101 has not undertaken sufficient work to classify these figures as mineral resources or mineral reserves and RMC is not treating them as current mineral resources or mineral reserves.

• Armstrong, R., Kozelj, D., and Herrington, R. 2005 (The Majdanpek Cu-Au deposits of eastern Serbia, a review. In: Porter, T.M. ed. Superporphyry copper and gold deposits: a global perspective: PGC Publishing, Adelaide, v. 2: p. 453-466

• Note 2 Avala Resources Limited news release July 6, 2012. 43.101 compliant resource estimate. Bigar Hill mineral resource, prepared by AMC Consultants Limited (UK) (“AMC”), an independent mining consulting firm, has been estimated at 38,000,000 tonnes grading an average of 1.3 g/t gold in the inferred resource category for 1,500,000 ounces of gold, using a 0.4 g/t gold cut-off.

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

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

• www.reservoirminerals.com

http://www.reservoirminerals.com/

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Reservoir Minerals Presentation - October 2012