Gold Reserve Inc.

5.5

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 Announces Submission of Credit Bid for CITGO Petroleum Corp. Parent Company, PDV Holdings, Inc.

Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) is pleased to announce the submission of a credit bid (the “Bid“) for the common shares of PDV Holdings, Inc. (“PDVH”), the indirect parent company of CITGO Petroleum Corp. (“Citgo”). The Bid has been made pursuant to the sales and bidding procedures (the “Bidding Procedures”) managed by the Special Master (the “Special Master”) appointed by the U.S. District Court for the District of Delaware (the “Delaware...

Gold Reserve Announces up to US$30 Million Brokered Private Placement of Common Shares

Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement of Class A common shares of the Company (the "Common Shares") for anticipated gross proceeds of up to US$30.0 million at a price per Common Share of US$4.10 (the “Offering”). Net proceeds from the Offering are expected to be used for expenditures related to the Company's previously an...

Gold Reserve Provides Update on Previously Announced Private Placement

Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces today that it has been advised that Cantor Fitzgerald Canada Corporation (“CFCC”) has been successful in its marketing efforts and has closed the book on the Company’s previously announced private placement of Class A common shares (the “Common Shares”), including pursuant to the over-allotment option, for anticipated gross proceeds of up to US$36,000,000 at a price per Common Share of US$4.10 (the “Share Offering”), as previous...

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