Mr. Jean Potvin reports

GOLD RESERVE REPORTS ON RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

At Gold Reserve Inc.'s annual general meeting of shareholders held Nov. 15, 2023, 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.

Mr. 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 six to seven; and (b) nominate for election Mr. 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 of experience in the areas of securities and mining law. Prior to his retirement in 2021, Mr. Knight acted as a legal adviser to the company and currently acts as a consultant. PricewaterhouseCoopers LLP was also appointed as auditor of the company and the audited financial statements of the company for the year ended Dec. 31, 2022, were duly received.

We seek Safe Harbor.