Gold Reserve announces the filing of a complaint in the Delaware Court of Chancery against Rusro mining Ltd.

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Pembroke, Bermuda – Gold Reserve Ltd. (TSX.V: GRZ) (BSX: Grz.BH) (“GRDZF Company) (” Company “or” company “) (Company” or “company”) (

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The complaint alleges that Rusoro breached its contractual and material obligations under the Consortium Agreement entered into between the companies in relation to the CITGOLTICELY ORDEAL SALET process in Dedaware.

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Gold Reserve is seeking relief from EnJoin Rusoro’s designation to participate in the sale process during the foreclosure action, among other reliefs.

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A complete description of the antitrust action can be found in the public access electronic records of Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1: 17-Mc-00151-DEL (D. DEL (D. DEL (D. DEL (D. DEL.

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Cautionary Statement Regarding Forward-Looking Statements

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This release contains “forward-looking statements” within the meaning of US Federal Security Laws and “forward-looking information” within the meaning of State Security Laws and Torturial Gold Reserve’s and its national management objectives, hopes, beliefs, beliefs, expectations for the future. Forward-looking statements are based on a number of assumptions and considerations that, while considered reasonable by management at this time, focus on significant business, economic and competitive risks and competitive factors. They are often expressed by words such as “expect”, “plan”, “proceed”, “request”, “check”, “check”, “intend”, “aim”, “aim”, “aim”, “aim”, ” Forward-looking statements contained in this press release include, but are not limited to, statements regarding any bid submitted by the company for the purchase of shares of PDVH (The “BID”).

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We caution that forward-looking statements involve known and unknown risks and other risks that may cause actual events, including those golden statements to consider any discussions or negotiations with respect. The special Master may not recommend the bid in the final recommendation; A bid dispute can be upheld by a court; The bid will not be approved by the court as a “Final Recommended Bid” under the bidding procedures, and if approved by the court is not obtained, including any necessary approvals from the United States, the US Federal commission or the TSX Venture Exchange; the failure of the company or other party to obtain sufficient equity and / or debt capital or any necessary shareholder approvals, or to satisfy other conditions that will apply, any transaction resulting from the bid; that the company may take any money made due to failure to complete the bid or otherwise; That the execution of the bid or any transaction arising therefrom may involve unexpected costs, liabilities or delays; that, prior to or as a result of the completion of any transaction proposed by the bid, the company’s business may experience material disruption due to uncertainties related to the transaction, industry conditions, tax disputes or other matters; the ability to use the attachment author provided by the company; Time is spent on various reports and / or other issues regarding the sales process may not be received; The ability of the company to share above the sales process (and the related costs associated with this

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; The amount, if any, of money associated with the sales process; Competing claims of other creditors of Venezuela, PDVSA and the company, including any interest on such judgments owed and any set aside. the uncertainty regarding the settlements between Venezuela and other creditors and the effect of any such settlements on the amount of money that may be obtained under the sale process; And the proceeds from the sale process may be sufficient to satisfy the outstanding amounts under the company’s September 2014 Rulerll of the company and / or the November 15, 2015 US Judgment in full; and classification of bankruptcy in relation to the sale process and / or claims of the company, including due to the prioritization of other claims. This list is not limited to factors that could affect any forward-looking statements of the company. For a more detailed discussion of risk factors affecting the company’s business, see the company’s discussion and analysis for the year ended December 31, 2024 and other reports filed with Sedar+ and available under the company profile at www.sedarplus.ca.

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Investors are cautioned not to place undue reliance on forward-looking statements. All formal written and qualitative statements made by Gold Reserve or persons acting on its behalf are fully qualified for this program. Gold Reserve Discomes any intention or obligation to publicly update or otherwise update any forward-looking statements or lists of values after assumptions or obligations arising out of or due to its obligations arising under the securities laws of the applicable state.

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Neither the TSX Venture Exchange nor the Reguture Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the correctness or accuracy of this release.

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For more information about dalinar energy, visit: https://www.dalinarenergy.com.

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For more information about Gold Reserve Ltd., visit or contact:

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