CEO of Reservoir Minerals Completes Asia Roadshow

HONG KONG, Jan. 24, 2014 /PRNewswire/ -- Jing Bao (Asia), a Hong Kong-based company focused on investments in the commodity and natural resources arena, today announced that it met with Simon Ingram, the CEO of Reservoir Minerals ("Reservoir"), the Toronto Venture Exchange-listed mineral exploration and development company in which Jing Bao (Asia) has a significant investment, during a well publicised visit to Beijing and Hong Kong. He had a series of meetings regarding Reservoir's JV with Freeport McMoran in the Timok copper and gold project in Serbia.

As a result of some of the best drilling results in recent history, it appears that the target of building a high grade mine in the near term will be both achievable and profitable. Although Freeport currently own 55% of the Timok project, they are in a position to increase their ownership to 75% by covering all drilling and other expenditures through to a pre-feasibility study.

Reservoir's initial discussions regarding financing for their portion of building a new mine was well received by companies visited in China and by Jing Bao (Asia) in Hong Kong. Jingbao specializes in off-take transactions of metal or concentrate. Structuring a transaction in this manner may prove to be the most attractive manner of raising finance for the new mine for Reservoir.

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