Gold Reserve Provides Update on Its Litigation and Arbitration Proceedings

PEMBROKE, Bermuda Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) today provided an update on the next scheduled dates in connection with certain litigation and arbitration proceedings involving the Company. The Company advises that the following proceedings are currently scheduled: Court of Chancery – Rusoro’s Motion to Dismiss: [ ]