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## Gold Reserve Announces Stock Option Grant
**SPOKANE, WASHINGTON, December 19, 2023**
Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“**the Company**”) announces the grant of 145,000 stock options to David Knight, a director of the Company. These stock options, which were granted on December 14, 2023, are exercisable at US $2.52, have a 10-year term and have been issued pursuant to the Company’s 2012 Equity Incentive Plan, as amended.
Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov and www.sedarplus.ca.
This release has been approved by Rockne J. Timm, CEO of the Company.
**Gold Reserve Inc. Contact**
Jean Charles Potvin
999 W. Riverside Ave., Suite 401 Spokane, WA 99201 USA
Tel: (509) 623-1500
Fax: (509) 623-1634
*“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”*
 © Copyright - Gold Reserve, Inc. 999 W Riverside Ave Suite 401 Spokane, WA | 800.625.9550
## Gold Reserve Announces Retirement of Rockne Timm
**SPOKANE, WASHINGTON, November 27, 2023**
Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (“**Gold Reserve**” or the “**Company**“) announces that Rockne J. Timm, Chief Executive Officer and a Director of the Company, will retire after more than 35 years of leadership. Mr. Timm’s retirement as Chief Executive Officer will be effective as of February 13, 2024, at which time he will also resign from any officer positions held by him in the Company’s subsidiaries but will continue to serve as a director of the Company and its subsidiaries.
James H. Coleman, Executive Chairman, said “Rocky’s exceptional contributions over the years are innumerable. His focused leadership and strong work ethic have been invaluable to the development and success of the Company during times when we faced significant challenges. We had hoped that this day would not come, but after more than 35 years, Rocky has decided to enjoy a well-deserved retirement. He will be missed and we all wish him the very best in retirement. We also look forward to his continued support of the Company in his role as a director and a trusted advisor.”
The Company is currently working to identify a suitable successor to replace Mr. Timm.
Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and sedarplus.ca.
999 W. Riverside Ave., Suite 401
Spokane, WA 99201 USA
**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**
*This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.*
We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements, including without limitation, the timing of Mr. Timm’s retirement and the attraction, retention and appointment of any successor.
Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by the Securities and Exchange Commission and applicable Canadian provincial and territorial securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
## Gold Reserve Announces Update on IRS Audit
**SPOKANE, WASHINGTON, November 20, 2023**
Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (“**Gold Reserve**” or the “**Company**“) announces today that the Company has been advised by the Internal Revenue Service (IRS) that it will issue Notices of Proposed Adjustment (NOPA) proposing to (i) disallow the worthless stock deductions (related to investments in the Brisas project) taken by the Company’s U.S. subsidiary for the 2017 tax year (the “Deduction Disallowance”) and (ii) tax income on or related to the arbitration award that may be received by the Company in the future (the “Arbitration Award Amounts”). As previously disclosed, including in the Q2 2023 interim financial statements, tax filings of the Company and its U.S. subsidiary are under examination by Canada Revenue Agency (CRA) and the IRS, respectively.
The Company does not agree with the IRS’s proposed adjustments and currently intends to vigorously contest them. Moreover, the Company intends to pursue the competent authority process if and when appropriate to ensure no double taxation of the Arbitration Award Amounts. However, given the IRS’s position, which now includes alternative arguments not previously asserted by the IRS, and in consideration of the ongoing CRA audit, the Company determined it appropriate to recognize approximately $17.6 million in income tax expense, resulting in the reversal of an $8.1 million income tax receivable and the recording of an income tax payable (including interest) of $9.5 million, in its interim financial statements for the period ended September 30, 2023, each as related to the Deduction Disallowance item.
As of September 30, 2023 the Company held approximately $38.9 million in cash and short-term deposits and had approximately $10.8 million in current liabilities including the $9.5 million income tax payable noted above. Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and sedarplus.ca.
*This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements, including without limitation, the final outcome of the current audits of Gold Reserve’s tax filings by U.S. and Canadian tax authorities, including the potential tax, accounting or financial impacts that may result therefrom, the expectation regarding the income expense tax, reversal of income tax receivable and income tax recorded to be payable including interest may differ from the amounts provided for above, the Company’s ability to service outstanding obligations as they come due and access future additional funding, when required, for ongoing liquidity and capital resources, risks that estimates and/or assumptions required to be made by management in the course of preparing the Company’s financial statements are determined to be inaccurate, resulting in a negative impact on the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, and risks associated with the ability of the Company to maintain an effective system of internal control over financial reporting and disclosure controls and procedures. ¬¬¬¬¬¬This list is not exhaustive of the factors that may affect any of Gold Reserve’s forward-looking statements. For a more detailed discussion of the risk factors affecting the Company’s business, see the Company’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2022 and other reports (including the Q2 Interim Financial Statements and related Management’s Discussion & Analysis) which have been filed on SEDAR+ and are available under the Company’s profile at www.sedarplus.ca.*
## Gold Reserve Reports on Results of Annual General Meeting of Shareholders
**SPOKANE, WASHINGTON, November 16, 2023**
Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (**“Gold Reserve”** or the **“Company”**) announced that, at the annual general meeting of shareholders held November 15th, 2023 (the **“Meeting”**), James H. Coleman, Rockne J. Timm, Yves M. Gagnon, Robert A. Cohen, James Michael Johnston, James Tunkey and David Knight 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.
David Knight was not on the slate of directors recommended by management of the Company in the management information circular in connection with the Meeting. Shareholder motions were made at the Meeting to: (a) increase the number of directors to be elected from 6 to 7, and (b) nominate for election David Knight as a director of the Company, both of which were approved by shareholders present or represented by proxy at the Meeting.
Mr. Knight is a retired lawyer with 40 years’ experience in the areas of securities and mining law. Prior to his retirement in 2021, Mr. Knight acted as a legal advisor to the Company and currently acts as a consultant. PricewaterhouseCoopers LLP were also appointed as auditors of the Company and the audited financial statements of the Company for the year ended December 31, 2022 were duly received.
*This release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve’s and its management’s intentions, hopes, beliefs, expectations or predictions for the future. Forward- looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.*
We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements, including without limitation the risks and uncertainties associated with the U.S. and Canadian sanctions against Venezuela and/or its government officials, risks associated with the continued failure by Venezuela to honor its commitments under the Settlement Agreement and/or the Award; risks associated with the collection of the Award and substantial concentration of our operations and assets in Venezuela and risks that any future Venezuelan administration will fail to respect the agreements of the prior administration. This list is not exhaustive of the factors that may affect any of Gold Reserve’s forward-looking statements. For a more detailed discussion of the risk factors affecting the Company’s business, see the Company’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2022 which have been filed on SEDAR+ and are available under the Company’s profile at  and which form part of the Company’s Form 40-F for the year ended December 31, 2022 which have been filed on EDGAR and are available under the Company’s profile at www.sec.gov/edgar.
For additional information please contact: