reservoir minerals inc july 19 2012 v001 g90s48

Reservoir Minerals

July 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

2 RMC:TSXV

WWW.RESERVOIRMINERALS.COM

Summary

3 RMC:TSXV


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

Reservoir Minerals is well-capitalized, with approximately $ 8 million in its treasury at July 2012.

Progressing the Timok Copper Gold Project with Earn-In partner 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

RMC:TSXV WWW.RESERVOIRMINERALS.COM

4

WesternTethyan 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


5

• Exploration & Mining Companies Working in Serbia:

• Freeport McMoRan Copper & Gold

• Rio Tinto

• Avala Resources Ltd.

• Dunav Resources Ltd.

• 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 35,000.’ FDI

• 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)

Majdanpek - Bor Complex- Prolific & Proven Copper Producing District


6

• “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

Veliki Krivelj open-pit provides 75% of the current production.

The balance is from the; Coka Marin underground mine, Majdanpek open-pits and Jama underground mine.

Complex facilities include:

Mineral processing plants, Smelter, acid plants,

lime plant, Tankhouse, Cathode plant, Copper Wire Plant,

Foundry, Castings plant, Precious metals refinery.

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


7

Overview of Bor - Infrastructure


8

• 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

Overview of Bor Mine


9

Ore specimen Tilva Rosh mine 15% Cu

Overview of Bor - Geology


10

Section and plan separately

Note 1

Ambitious program of investment and renewal

• New surface mining equipment 2010-2012

• New flash furnace, sulphuric acid plant and effluent treatment plant. (2014-2015)

• Financing provided by Export Development Canada.

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

• New Smelter - 80,000 tpa of copper Anode construction commenced.

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

RTB Bor - Further Developments


11

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

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

• Prolific mining and high potential exploration 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

12 RMC:TSXV


Note 2

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


13

• 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.

• Three blind discoveries in 2012

• 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)

Drill Plan Map of Discovery


14

Brestovac Permit

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

• Blind discovery FMTC 1104 - 34 m @ 2.49 g/t Au

• Blind discovery FMTC 1210 -266 metres @ 1.23% CuEq% (1.07 % Cu, 0.28 g/t Au ), 598m to 864m.

• Results from 450 to 1,183 m

• Hole terminated at 1,947 m

• 200m step out drilling

• 4 rigs on site.

• Potentially large copper - gold

epithermal and porphyry style

FMTC 1210 – Key intersections


15

* Copper equivalent (CuEq%) = (Cu% + 0.6*g/tAu).

Drill hole ID From (m)

To (m)

Interval (m)

Average Copper

(%)

Average Gold (g/t)

Average CuEq (%)*

FMTC 1210 598 864 266 1.07 0.28 1.23

including 670 815 145 1.44 0.36 1.66

including sub-interval 671 681 10 1.71 0.23 1.85



including 827 837 10 1.75 0.32 1.94

FMTC 1210 Strip Log


16

• 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

Schematic cross section mineralisation


17

• High grade high sulphidation epithermal system. Covellite (66.5% Cu), chalcocite (80% Cu), bornite (63% Cu) and Pyrite

• Developing to deeper porphyry mineralisation. Chalocpyrite (34.6% Cu) Magnetite and pyrite

Drill Hole FMTC1210, 733-734 m 0.99 % Cu, 0.66 g/t Au. 1.39 CuEq%


18

• Massive Sulphide • Covellite (66.5% Cu) in matrix of massive Pyrite breccia

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



19

• Massive Sulphide Mineralisation • Covellite (66.5% Cu) –Chalcocite (80% Cu) – Bornite (63% Cu) > Pyrite




20

• Covellite (66.5% Cu) Bornite (63% Cu) Pyrite • Quartz Pyrophyllite Alunite altered Andesite


Drill Hole FMTC1210, 1111-1112 m Assay awaited


21

• Porphyry Cu type of mineralization • Pyrite Chalocpyrite (34.6% Cu) Magnetite and Hematite veinlet

Exploration Plans 2012-2013


22

• Freeport earn in Timok Project Permit areas

• Free carry to completion of feasibility study

• Exploration drilling

• Step out drilling

• Drilling new exploration targets

• Geophysics

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

• JV Recently acquired permits

Exploration targets: Old Bor mine vs exploration core


23

Tilva Rosh 15% Cu specimen Drill core specimen

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

24 RMC:TSXV


Trading range $0.35 – $1.19

Listed at $0.65 – November 2011

Market cap at $1.15– 29.5M

Cash position Jul-12 - $ 8.0M

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

25 RMC:TSXV


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

26 RMC:TSXV


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


27

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$ 8.0M Regional

Exploration

28 RMC:TSXV


Appendix


29

• 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.

• 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/

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 Exploration: Other Reservoir Minerals Projects

30 RMC:TSXV


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. Underground mapping and channel sampling completed. Soil sampling program completed – possible mineralization extensions identified.

• 7,500m drill program underway.

• Orogen Earn-in. Expenditure of $3.5m by end December 2013 for 75% of project. $1.5m completed for 55% of project.

• Orogen targeting early production.

31 RMC:TSXV


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

32 RMC:TSXV


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.

33 RMC:TSXV


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. Drilling completed at Alin Do historic mine area, results being analyzed.

34 RMC:TSXV


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. Drilling Gypsum zone completed. 1.32 g/t gold over 3.3 meters.

35 RMC:TSXV


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

36 RMC:TSXV


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.

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

37 RMC:TSXV


Bibemi Permit

• Archean greenstone terrain

• Stream sediment sampling (619 samples), mapping of artisinal workings.

• 35 kilometer trending NE-SW gold Geochemical anomalism identified

• 3 areas each of which covers several 10’s square kilometers of gold anomalism.

• Follow up soil sample geochemistry continuing.

38 RMC:TSXV


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

39 RMC:TSXV


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

40 RMC:TSXV
