Reservoir Minerals is pleased to announce that, further to its news release dated February 20, 2014, it has closed its non-brokered private placement of 4,000,001 common shares in the capital of the Company at a price of $5.75 per Share for gross proceeds of $23,000,005.75. Of this non-brokered financing, $13 million was purchased by a major financial institution which is one of the world's largest money managers.