An anonymous director reports

GOLD RESERVE ANNOUNCES FILING OF MANDAMUS PETITION WITH THE U.S. COURT OF APPEALS

Yesterday, Gold Reserve Ltd. filed a petition for writ of mandamus with the U.S. Court of Appeals for the Third Circuit.

The petition seeks an order requiring the U.S. District Court for the District of Delaware to stay further consideration of the merits of the Citgo sale process until final resolution of Gold Reserve's motion to disqualify the district judge, the special master and the special master's advisers. A copy of the petition will be posted.

In other developments, pursuant to the schedule set by the U.S. District Court for the District of Delaware in the Citgo sale process, the company and other parties filed their posttrial reply briefs. Copies of the filings will be posted to the company website under Citgo proceedings.

A complete description of the Delaware sale proceedings can be found on the public access to court electronic records system in Crystallex International Corp. v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.

We seek Safe Harbor.