Gold Reserve Inc.

1.75

United States & Washington Spokane

926 West Sprague Avenue, Suite 200

+1 509 623-1500

www.goldreserveinc.com

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Company Press Releases

OFAC Publishes Guidance With Respect to Its Authorization of the Process to Be Used to Sell the Shares of CITGO's Holding Company for the Potential Benefit of Certain Creditors of Venezuela Including Gold Reserve

Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (Gold Reserve or the Company) is pleased to announce that on May 1, 2023 the U.S. Office of Foreign Assets Control (OFAC) published guidance stating that it will not take enforcement action against individuals or entities participating in the previously announced sales process for the shares of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp. The sales process of the PDVH shares is being overseen by the United States District Court for the District of Delaware (the Delaware Court). OFAC’s guidance confirmed t...

Gold Reserve Granted Conditional Writ of Attachment From U.S. Delaware Court Regarding Shares in CITGO's Holding Company

Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) ("Gold Reserve" or the "Company") is pleased to announce that it was granted a conditional writ of attachment fieri facias from the U.S. District Court of Delaware (the Delaware Court) regarding the shares of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp. This order furthers the decision of the Delaware Court in January 2023 that Gold Reserve’s request for an attachment writ be treated the same as that of certain Other Creditors (as detailed in the applicable court documents of the Delawar...

Gold Reserve Reports on Results of Annual Meeting

Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announced that, at the annual general meeting held earlier today, James H. Coleman, Rockne J. Timm, James P. Geyer, Yves M. Gagnon, Robert A. Cohen, James Michael Johnston, and James Tunkey were elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until their successors are duly elected or appointed, PricewaterhouseCoopers LLP were appointed as auditors of the Company and the audited financial statements of the Company for the year ended Dece...

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