An anonymous director reports

GOLD RESERVE PROVIDES UPDATE ON CITGO SALE PROCESS: DELAWARE DISTRICT COURT ENTERS FINAL SALE ORDER FOR SALE TO ELLIOTT/AMBER

Gold Reserve Ltd. has provided an update on the Citgo sale process.

The U.S. District Court for the District of Delaware has issued the final order authorizing the sale of the PDVH shares to Elliott/Amber Energy.

The Delaware court has also ordered that the closing of the sale is stayed until, at the earliest, seven days after the special master files a notice indicating that Elliott/Amber Energy has obtained all OFAC (Office of Foreign Assets Control) and other regulatory and necessary approvals and that the sale is ready to close.

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

We seek Safe Harbor.