Gold Reserve Announces Update Regarding Extraordinary Shareholder Meeting

Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold reserve” or the “Company”) noticed an error in the proxy form provided to registered shareholders (the “Proxies”) in connection with the upcoming extraordinary shareholders’ meeting scheduled for September 16, 2024 (the “Meeting”). This error was also implemented in the voting instruction forms (the “VIFs”) provided by intermediaries to unregistered (i.e. beneficial) shareholders.

In accordance with the interim order of the Alberta Court of King’s Bench granted on August 20, 2024 in connection with the meeting, Gold Reserve hereby advises that all proxies and VIFs are hereby amended and that accordingly all proxies and VIFs that are or will be marked or otherwise indicated to “abstain” from voting on the proposal relating to the Arrangement Resolution (as defined in the proxies and VIFs and described in more detail in the Company’s Management Information Circular issued in connection with the August 20, 2024 meeting), as the only proposal, shall be deemed to be marked or otherwise indicated (if applicable) as votes “against” such proposal and shall be counted accordingly. Votes in favor of the proposal shall continue to count as before.

This press release has been approved by Paul Rivett, Executive Vice-Chairman of the Board of Directors of Gold Reserve.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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The Gold Reserve Registered (A) Stock at the time of publication of the news with a decline of -1.33 % to 3.70US dollar on the Nasdaq OTC exchange (September 6, 2024, 11:20 p.m.).