REO Reservoir Capital

Acquisition of Common Shares of Reservoir Capital Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Vincent Gueneau announces that in connection with the acquisition by Reservoir Capital Corp. (the "Company") of a 60% interest of Kainji Power Holding Limited ("KPHL"), pursuant to a definitive share purchase agreement dated August 27, 2018 with Kappafrik Management DMCC ("KMGT"), resulting in the Company owning an indirect minority (approximately 1.3%) interest in Mainstream Energy Solutions Limited, as further described in the Company's press release dated September 21, 2018 (the "Transaction"), Mr. Gueneau acquired ownership and control of 32,000,000 common shares (the "Shares") of the Company.

In connection with the Transaction, KMGT transferred 600 shares held in KPHL to the Company in exchange for an aggregate of 158,100,000 common shares of the Company, which were distributed among certain accredited investors, including Mr. Gueneau. Immediately prior the Transaction, Mr. Gueneau held a total of 4,000,000 Shares, representing 8.30% of the Company's outstanding Shares prior to the Transaction, and 4,000,000 warrants ("Warrants") to purchase an additional 4,000,000 Shares, representing 15.34% of the Company's outstanding Shares prior to the Transaction on a partially-diluted basis assuming the exercise of Mr. Gueneau's Warrants only. Upon closing of the Transaction, Mr. Gueneau controlled an aggregate of 36,000,000 Shares, which represented approximately 17.45% of the Company's issued and outstanding Shares (based on 206,264,424 Shares outstanding upon the closing of the Transaction) and 4,000,000 Warrants, which represents 19.02% of the issued and outstanding Shares (based on 210,264,424 Shares outstanding upon the closing of the Transaction) on a partially-diluted basis assuming the exercise of Mr. Gueneau's Warrants only.

The acquisition by Mr. Gueneau of the Shares was primarily made for investment purposes. Mr. Gueneau may increase or decrease his investment in the Company from time to time according to market conditions or other relevant factors.

The Shares were acquired under the exemptions set out in section 2.3 of National Instrument 45-106 -Prospectus Exemptions. As a result, the Shares acquired by Mr. Gueneau will be subject to a statutory four-month and a day hold period in accordance with applicable securities laws.

Mr. Gueneau is issuing this news release pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the related early warning report (the "Report") will be issued and filed by Mr. Gueneau on the SEDAR website at under the Company's profile.

The Company's head office is located at Suite 501, 543 Granville Street, Vancouver, BC V6C 1X8. For further information or to obtain a copy of the Report, contact Kim Casswell, the Corporate Secretary of the Company, at .

EN
24/09/2018

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