Gold Reserve Inc.

1.86

United States & Washington Spokane

926 West Sprague Avenue, Suite 200

+1 509 623-1500

www.goldreserveinc.com

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Company Press Releases

Gold Reserve Completes Sale of Shares to 401(k) Plan

Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (the “Company”) announces that it completed a previously announced, non-brokered private placement to Rockne Timm, Douglas Belanger and Robert McGuinness, (the “Plan Trustees”), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the “401(k) Plan”), and James Coleman (the “Private Placement”). Pursuant to the Private Placement the Company issued 152,662 Class A common shares (“Shares”) at a price of CAD$1.66 per Share to the Plan Trustees and James Coleman. No commi...

Gold Reserve Announces Sale of Shares to 401(k) Plan

Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) announces that it plans, subject to the approval of the TSX Venture Exchange (the “TSXV”), a non-brokered private placement to Rockne Timm, Doug Belanger and Robert McGuinness, (the “Plan Trustees”), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the “401(k) Plan”), and James Coleman (the “Private Placement”). As previously announced, the Board of Directors recommended, and the Plan Trustees of the 401(k) Plan agreed, to use the cash contribution...

Gold Reserve Announces Cost Reduction Program and Stock Option Grants

Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) ("Gold Reserve" or the "Company") announces that its Board of Directors has approved a three-year cost reduction program to decrease cash operating costs while management continues its efforts to achieve the Company’s objectives which include collecting the remaining amounts owed to the Company by Venezuela pursuant to the existing Settlement Agreement and Arbitral Award and to realize maximum shareholder value as it relates to the Company’s 45% interest in the Siembra Minera gold – copper project as the situ...

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