Investor Presentation

Reservoir Minerals

November 2011

Discoveries & Opportunities in Europe, Middle East & 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 an exploration and project generator.

• Our business is focused on maximizing exploration and development opportunities with value creation while ensuring capital preservation and downside risk management of the expanding portfolio of exploration projects.

• Maximize exploration opportunities- Diversity in an expanding international portfolio of exploration projects in various metals and minerals.

• Value creation- moving projects of various stages up the value curve before forming partnerships.

• Downside risk management and capital preservation achieved through partnerships. Partners fund further exploration or development usually in return for project equity.

Summary

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Simon Ingram (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 – (8 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 (Senior Consulting 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. Senior Executive Officer, BBY, (2008 to present). 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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• Our business is focused on maximizing exploration and project development opportunities with value creation while ensuring capital preservation and downside risk management of the expanding portfolio of exploration projects

• Regional focus based on capability of operation and experience

• Increase exploration opportunities — Expanding the current project portfolio beyond Serbia to Europe and Africa.

• Secure early stage exploration projects. Create value through targeted exploration

• Secure advanced project development opportunities. Create value through advancement to Resource / Reserve definition and scoping — feasibility study

• Seek partnerships and project specific investment — Partners fund further exploration or development usually in return for project equity

Exploration Project Generator Strategy

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Maximise value of existing Serbian portfolio

• 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

Expand Serbian portfolio

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

• Applying for new licences, Advanced projects -JV, Operational mines-JV

Serbia Regional Strategy

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Success through regional expertise and partnerships

Building new portfolios

• Applications for new exploration licences in West Africa. (Gold and Iron ore)

• Identifying partnership opportunities for early stage and advanced projects

• Opportunistic investments, distressed and undervalued assets

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.

Expand existing international operational capacity

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

International Strategy — Africa

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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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CDN$ 1.5m – Corporate: G&A and listing (2011-2012)

CDN$1.5-2m – Serbia / Europe: Exploration and project development (2011- 2012: Phase1 Exploration)

CDN$ 1-2m – Africa: Exploration portfolio development (2011-2012)

• Licence application, Acquire Projects , JV.

• Exploration and Project development on specific projects

CDN$4.0-5.5m – Total allocated 2011-2012

CDN$4.1-5.6m – Available for future exploration and corporate activity

Budget

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Joint Ventures- Exploration upside, risk mitigation and capital preservation

• 2 licenses in the Timok Belt surrounding the Bor mine are in joint venture with Freeport McMoRan. Freeport are 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$1.5 spent to date

• Deli Jovan license 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

Current Joint Venture Projects

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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).

• 2011 – 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

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.

• 2011- 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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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

• 2011- 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.

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

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Lece (Gold – Silver)

• 100% owned, 40km2 property over extensions of the Lece Mine, targeting epithermal gold-silver.

• Mine closed 2001, with residual reserves of >360,000oz Au. Resumed small production under private ownership 2011.

• REO drilling Vrelski Potok VP-01: 9.2m at 2.11g/t Au and 19g/t Ag. Spurina Glava SG-1: 14.5m at 1.12g/t Au.

• Drill targets defined. Proximity to mine with process plant presents opportunity to turn small scale resources into production reserves.

REO License

Lece Mine License

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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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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.

• Currently refurbishing shafts and accessing old mining levels for mapping and sampling. Soil sampling program completed – possible mineralization extensions identiified.

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

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Timok Properties (Copper – Gold)

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

• 181km2 RMI licenses are adjacent and between the operating mines.

• Freeport McMoRan earning an initial 55% interest by funding $3m of exploration. Can earn 75% by funding to Bankable Feasibility.

• Ongoing; Drilling, geophysics, mapping and geochemistry targeting deeper large scale mineralization.

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Conclusion

• Well funded exploration and project generator

• SE Europe, Serbian exploration portfolio with good upside potential

• JV partnerships with Major and Junior companies providing risk mitigation and exploration upside

• Portfolio diversification to Europe and Africa

• Experienced technical and management team

• Treasury- CAD$ 8.75M

• Undervalued by comparison to comparable exploration companies

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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