Gold Reserve (GRZ)

Gold Reserve Participates in Short Course on Equator Principles

SPOKANE, Wash., Apr 16, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc) today announced that Don Proebstel, Ph.D., VP of Environmental Affairs and Sustainability, will assist in conducting a series of workshops sponsored by Prizma LLC entitled: Equator Principles and IFC Performance Standards -- Impacts on Mining Projects and Finance. This event will be held April 18th in Vancouver, Canada, with future presentations scheduled in Toronto and London.
Dr. Proebstel will highlight the Gold Reserve Brisas Project in Venezuela as a model for the application of the newly revised social and environmental benchmarks defined by Equator Principles and IFC Performance Standards to modern mining projects. It will include strategies developed to maintain Gold Reserve's commitments to social and environmental sustainability, focusing on areas such as: community engagement and development, biodiversity offsets and indigenous peoples concerns. The workshops will emphasize various approaches to enhance corporate predictability, transparency, and accountability.
Dr. Proebstel joined Gold Reserve in 2006. Previously, he worked on the Brisas International Environmental and Social Impact Assessment while employed at AATA International, Fort Collins, Colorado. Doug Belanger, President, stated, "We are very fortunate to have engaged Don to oversee environmental sustainability matters for the Brisas project and are proud to support his participation in these workshops. Don has extensive international experience in environmental and social matters and is firmly committed to positioning Gold Reserve at the forefront of the social and environmental benchmarks defined by Equator Principles and IFC Performance Standards."
More information on the short course is available at: http://www.prizmasolutions.com.
Gold Reserve Inc. is a Canadian company developing the Brisas gold copper project is Southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper price of US $1.15 per pound). The Company expects to finance the construction of Brisas with a combination of debt and equity. The mine plan anticipates using conventional truck and shovel mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 456,000 ounces of gold and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a byproduct, operating costs are expected to be US $126 per ounce (using US $1.80 copper). With only 42.6 million shares outstanding Gold Reserve has one of the highest leverages to gold in the mining industry. The Company currently has US $22 million in cash and investments and no debt. For more detailed information please see the news release from November 13, 2006, representing an update to the Company's NI-43-101 report. This can be obtained at our website at http://www.goldreserveinc.com or http://www.sedar.com.
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risk factors that may cause the actual financial results, performance, or achievements of Gold Reserve to be materially different from our estimated future results, performance, or achievements expressed or implied by those forward-looking statements. These are discussed in greater detail in Gold Reserve's filings with the U.S. Securities and Exchange Commission at http://www.sec.gov and the Annual Information Form and other reports filed with Canadian provincial securities commissions at http://www.sedar.com. Gold Reserve expressly disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, events or otherwise.
SOURCE: Gold Reserve Inc.

Last Update: 2:28 PM ET May 7, 2007

SPOKANE, Wash., May 07, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (GRZ : gold resv inc cl a) (CA:GRZ: news, chart, profile) announced today that it has filed preliminary short form prospectuses with Canadian securities regulators and related registration statements with the U.S. Securities and Exchange Commission under the U.S.- Canada multi-jurisdictional disclosure system relating to proposed concurrent public offerings of 16,000,000 of its Class A common shares and US$75 million aggregate principal amount of its senior subordinated convertible notes. The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 2,400,000 Class A common shares and an option for a period of 13 days to purchase up to an additional US$11,250,000 aggregate principal amount of its senior subordinated convertible notes, in each case, to cover over-allotments, if any. Neither offering is contingent on the completion of the other.
The Company intends to use the net proceeds from the offerings to fund construction activities, equipment purchases and ongoing development of its Brisas project.
J.P. Morgan Securities Inc. and RBC Capital Markets are acting as joint book running managers for the common share offering and the notes offering with Cormark Securities Inc. acting as co-manager.

Gold Reserve Inc. Announces Pricing Of Concurrent Cross-border Public Offerings>GRZ.T

Last Update: 9:42 AM ET May 15, 2007

May 15, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Gold Reserve Inc. (GRZ) has entered into underwriting agreements to raise a total of $254.2 million.
The Spokane, Wash. mining company said it will sell $90 million principal amount of 5.50% senior subordinated convertible notes due 2022 and 12.8 million Class A common shares at $5.80 a share.
It said it has granted to the underwriters options for up to an additional $13.5 million principal amount of notes and 1,920,000 common shares.
Each $1,000 principal amount of notes will be convertible into 132.626 common shares, representing an initial conversion price of $7.54 a share.
J.P. Morgan Securities Inc. and RBC Capital Markets are acting as joint book-running managers for the offerings.
It said it intends to use proceeds from the offerings to fund construction activities, equipment purchases and ongoing development of its Brisas project.

SPOKANE, Wash., May 15, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) announced today that it has entered into underwriting agreements in connection with concurrent cross-border public offerings of US$90,000,000 aggregate principal amount of its 5.50% Senior Subordinated Convertible Notes due 2022 ("Convertible Notes") and 12,800,000 Class A common shares ("Common Shares") at US$5.80 per share (Cdn$6.42 per share) for aggregate gross proceeds to the Company of US$164,240,000. Aggregate net proceeds from the offerings are expected to be approximately US$154,775,000, after deducting underwriting fees and estimated offering expenses.
The Company has also granted to the underwriters an option for a period of 13 days to purchase up to an additional US$13,500,000 principal amount of its Convertible Notes and an option for a period of 30 days to purchase up to an additional 1,920,000 Common Shares, in each case, to cover over-allotments, if any.
The Convertible Notes are being offered and sold at their stated principal amount (US$1,000 per Convertible Note) and will have a semi-annual cash interest coupon of 5.50% per year. Each US$1,000 principal amount of Convertible Notes will be convertible at the option of the holder into 132.626 Common Shares, subject to adjustment, representing an initial conversion price of US$7.54.
The closing of the offerings is expected to occur on May 18, 2007. Neither offering is contingent on the completion of the other.
J.P. Morgan Securities Inc. and RBC Capital Markets are acting as joint book running managers for the offerings with Cormark Securities Inc. acting as co-manager.
The Company intends to use the net proceeds from the offerings to fund construction activities, equipment purchases and ongoing development of its Brisas project.
Copies of the prospectuses relating to the Convertible Notes and the Common Shares may be obtained from the underwriters or their respective U.S. or Canadian affiliates as follows: J.P. Morgan Securities Inc. at National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone: 718-242-8002; RBC Capital Markets - in Canada, call 416-842-5345, in the U.S., RBC Capital Markets Corporation, Attention: Prospectus Department, One Liberty Plaza, 165 Broadway, New York, NY, 10006, U.S.A. (fax requests - 212-428-6260); or Cormark Securities Inc. - in Canada, call 416-943-6405, in the U.S., call 1-800-461-2275.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Company has been engaged in the business of exploration and development of mining projects since 1956, and is presently focusing its management and financial resources on its most significant asset, the Brisas gold and copper project, located in Bolivar State, Venezuela.

SPOKANE, Wash., May 18, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) announced today that it has closed its previously announced concurrent cross-border public offerings of US$90,000,000 aggregate principal amount of its 5.50% Senior Subordinated Convertible Notes due 2022 ("Convertible Notes") and 12,800,000 Class A common shares ("Common Shares") at US$5.80 per share (Cdn$6.42 per share) for gross proceeds to the Company of US$164,200,000. Aggregate net proceeds from the offerings were approximately US$154,775,000 after deducting underwriting fees and estimated offering expenses.
The Company has granted to the underwriters an option for a period of 13 days to purchase up to an additional US$13,500,000 principal amount of its Convertible Notes and an option for a period of 30 days to purchase up to an additional 1,920,000 Common Shares at US$5.80 per share, in each case, to cover over-allotments, if any. If the underwriters fully exercise the over-allotment options to purchase additional Convertible Notes and Common Shares, Gold Reserve will receive additional net proceeds of approximately US$23.4 million after deducting underwriting fees.
The Convertible Notes were offered and sold to the public at their stated principal amount (US$1,000 per Convertible Note) and will have a semi-annual cash interest coupon of 5.50% per year. Each US$1,000 principal amount of Convertible Notes will be convertible at the option of the holder into 132.6260 Common Shares, subject to adjustment, representing an initial conversion price of US$7.54.
J.P. Morgan Securities Inc. and RBC Capital Markets acted as joint book running managers for the offerings with Cormark Securities Inc. acting as co-manager.
The Company intends to use the net proceeds from the offerings to fund construction activities, equipment purchases and ongoing development of its Brisas project.
Copies of the prospectuses relating to the Convertible Notes and the Common Shares may be obtained from the underwriters or their respective U.S. or Canadian affiliates as follows: J.P. Morgan Securities Inc. at National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone: 718-242-8002; RBC Capital Markets - in Canada, call 416-842-5345, in the U.S., RBC Capital Markets Corporation, Attention: Prospectus Department, One Liberty Plaza, 165 Broadway, New York, NY, 10006, (fax requests - 212-428-6260); or Cormark Securities Inc. - in Canada, call 416-943-6405, in the U.S., call 1-800-461-2275.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Company has been engaged in the business of exploration and development of mining projects since 1956, and is presently focusing its management and financial resources on its most significant asset, the Brisas gold and copper project, located in Bolivar State, Venezuela.

SPOKANE, Wash., May 23, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) announced today that the underwriters of its May 18, 2007 public offering of Class A common shares ("Common Shares") and senior subordinated convertible notes ("Convertible Notes") have exercised over-allotment options and will purchase an additional US$13,500,000 principal amount of Convertible Notes and 962,300 Common Shares at US$5.80 per share. The Convertible Notes were offered and sold to the public at their stated principal amount of US$1,000 per Convertible Note and have a semi-annual cash interest coupon of 5.50% per year. Each US$1,000 principal amount of Convertible Notes is convertible at the option of the holder into 132.6260 Common Shares, subject to adjustment, representing an initial conversion price of US$7.54.
The Company will receive aggregate net proceeds from the exercise of the over-allotment options of approximately US$18 million after deducting underwriting fees and estimated expenses.
The Company intends to use the net proceeds from the offerings and the exercise of the over-allotment options to fund construction activities, equipment purchases and ongoing development of its Brisas project.
J.P. Morgan Securities Inc. and RBC Capital Markets acted as joint book running managers for the offerings with Cormark Securities Inc. acting as co-manager.
Copies of the prospectuses relating to the Convertible Notes and the Common Shares may be obtained from the underwriters or their respective U.S. or Canadian affiliates as follows: J.P. Morgan Securities Inc. at National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone: 718-242-8002; RBC Capital Markets - in Canada, call 416-842-5345, in the U.S., RBC Capital Markets Corporation, Attention: Prospectus Department, One Liberty Plaza, 165 Broadway, New York, NY, 10006, (fax requests - 212-428-6260); or Cormark Securities Inc. - in Canada, call 416-943-6405, in the U.S., call 1-800-461-2275.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Company has been engaged in the business of exploration and development of mining projects since 1956, and is presently focusing its management and financial resources on its most significant asset, the Brisas gold and copper project, located in Bolivar State, Venezuela.
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risk factors that may cause the actual financial results, performance, or achievements of Gold Reserve to be materially different from our estimated future results, performance, or achievements expressed or implied by those forward-looking statements. These are discussed in greater detail in Gold Reserve's filings with the U.S. Securities and Exchange Commission at http://www.sec.gov and the Annual Information Form and other reports filed with Canadian provincial securities commissions at http://www.sedar.com. Gold Reserve expressly disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, events or otherwise.
On behalf of the Board of Directors
A. Douglas Belanger, President
926 W. Sprague Ave., Suite 200
Spokane, WA 99201 USA
Tel. (509) 623-1500
Fax (509) 623-1634
SOURCE: Gold Reserve Inc.

Last Update: 9:54 AM ET May 29, 2007

SPOKANE, Wash., May 29, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) announced today that it has closed the previously announced exercise by the underwriters of their over-allotment options to purchase an additional US$13,500,000 principal amount of senior subordinated convertible notes ("Convertible Notes") and 962,300 Class A common shares ("Common Shares") at US$5.80 per share. The Company will receive aggregate net proceeds from the exercise of the over-allotment options of approximately US$18 million after deducting underwriting fees and estimated expenses.
The Company intends to use the net proceeds from the offerings and the exercise of the over-allotment options to fund construction activities, equipment purchases and ongoing development of its Brisas project.
The Company granted the over-allotment options to the underwriters in connection with the Company's May 18, 2007 public offering of Convertible Notes and Common Shares. The Convertible Notes were offered and sold to the public at their stated principal amount of US$1,000 per Convertible Note and have a semi-annual cash interest coupon of 5.50% per year. Each US$1,000 principal amount of Convertible Notes is convertible at the option of the holder into 132.6260 Common Shares, subject to adjustment, representing an initial conversion price of US$7.54.
J.P. Morgan Securities Inc. and RBC Capital Markets acted as joint book-running managers for the offerings, with Cormark Securities Inc. acting as co-manager.

* Gold Reserve Inc. Closes Underwriters Exercise Of $13.5M Over-allotment Option>GRZ.T

* Gold Reserve Inc. Closes Underwriters' Exercise Of Over-Allotment Option

* Gold Reserve Inc. Closes Over-Allotment Option On Addtl $13.5M In Sr Sub Conv Notes, Shrs

Gold Fever: Executives From Two Mining Companies Update the Investor Community On Their Progress Toward Production in Venezuela and Elsewhere

NEW YORK, Jun 5, 2007 (PrimeNewswire via COMTEX) -- Wall Street Reporter Magazine just published exclusive interviews with executives from Gold Reserve Inc. (GRZ: gold resv inc cl a) and ValGold Resources Ltd. (CA:VAL) detailing their projects in Venezuela and nearby Guyana.
Both interviews are now available at http://wallstreetreporter.com in streaming audio, MP3, and text format -- all free of charge.
Douglas Belanger, President of Spokane, Wash.-based Gold Reserve (GRZ:
gold resv inc cl a) , says that while Venezuela may be best known for oil, conditions in the country are also extremely favorable for mining. "In my 35 years in the mining business, I've never seen an area with better infrastructure than Venezuela," he tells Wall Street Reporter senior analyst Todd Santorelli.
Areas of special focus in the exclusive interview include:
-- Gold Reserve's Brisas project in Venezuela's highly prospective "Kilometer 88" greenstone belt. "Brisas will be the largest gold producer in Venezuela with 456,000 ounces of gold and 60 million tons of copper," he says. "This is going to be one big open pit."
-- The truly remarkable level of existing infrastructure on and around the site, including water, a state-of-the-art power station, and paved road leading all the way to ocean portage. "We have zero infrastructure costs over and above the cost of building the mine, so it's really quite spectacular in that regard."
-- A follow-up grassroots property in the hot El Callao mining district. "We're just starting to drill."
"We'll be a good-sized to intermediate producer," by 2010, Mr. Belanger tells Wall Street Reporter. "And a very profitable one -- based on today's copper price, we actually have negative operating costs."

SPOKANE, Wash., Aug 09, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) will hold a conference call to discuss 2007 second quarter results on Monday, August 20, 2007 at 4:30 p.m. Eastern daylight time (1:30 p.m. Pacific daylight time).
Anyone interested in participating in the call should dial 800-884-5695 if calling within Canada or the United States; if calling internationally dial 617-786-2960. The participant passcode is 89200167.
Gold Reserve Inc. is a Canadian company, which holds the rights to the Brisas gold/copper project and the Choco 5 gold exploration property in Bolivar State, Venezuela.
SOURCE: Gold Reserve Inc.

Wichtig wäre es, wenn es die Aktie von GRZ schaffen würde, über die $7,00 zu steigen. Dieses ist auch gleichzeitig der Widerstand!

SPOKANE, Wash., Aug 29, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ: news, chart, profile) (GRZ: gold resv inc cl a) announced today that it has entered into a partnership with Conservation International (CI) to advance the Company's strong commitment to environmental and social responsibility. The partnership will involve preserving biodiversity in and around the Company's Brisas Project in Venezuela and support the development of best practice tools for integrating biodiversity information into the business decision making processes.
Compania Aurifera Brisas del Cuyuni C.A. (Brisas), the Venezuelan subsidiary of Gold Reserve, has also signed a Letter of Intent with CI Venezuela outlining commitments, whereby the two organizations will work together to institute programs pertaining to biodiversity and sustainable agro-forestry in the upper Cuyuni River basin located in the State of Bolivar in southeastern Venezuela near the Guyana border. This effort will include extensive biodiversity assessments and monitoring efforts to understand and protect the biodiversity of the Project area as well as a program of work aimed at empowering local communities to develop sustainable agro-forestry.
The Company has also finalized an agreement with CI to support the development of decision making tools and methodologies that guide companies such as Gold Reserve through a process by which they assess the ongoing environmental impacts and assess their biodiversity, take action to avoid, mitigate or offset this impact, and monitor their achievements. This support will facilitate the development of a biodiversity offset strategy for the Brisas Project in conjunction with the Business and Biodiversity Offset Program (BBOP) (more information on BBOP can be found at: http://www.forest-trends.org/biodiversityoffsetprogram ).
"We are pleased to be working with CI," said Doug Belanger, president of Gold Reserve. "Our strong relationship with CI will empower our employees and provide them substantial experience while furthering the Company's commitment to the Equator Principles and responsible environmental stewardship."
About the organizations:
Conservation International (CI) is a nonprofit international organization which operates in 40 countries around the world and applies innovations in science, economics, policy and community participation to protect the Earth's richest regions of plant and animal diversity in the biodiversity hotspots, high-biodiversity wilderness areas as well as important marine regions around the globe. For further information see http://www.conservation.org
The Company
Gold Reserve Inc. is a Canadian company developing the Brisas gold copper project in Southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper price of US $1.15 per pound). The mine plan anticipates using conventional truck and shovel mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 456,000 ounces of gold and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a byproduct, operating costs are expected to be US $126 per ounce (using US $1.80 copper). The Qualified Personnel for the NI 43-101 Report are Susan Poos of Marston and Marston, Inc. and Richard Addison and Richard Lambert of Pincock, Allen and Holt, all registered professional engineers.
For further information please see our update to the Company's NI-43-101 report at our website at http://www.goldreserveinc.com, investor relations, SEDAR Filings.

SPOKANE, Wash., Sep 06, 2007 (BUSINESS WIRE) -- Gold Reserve Inc. (CA:GRZ) (GRZ: gold resv inc cl a) announced today that it has commenced drilling at its Choco 5 property in the El Callao region of Bolivar State in Southeastern Venezuela. The first phase drilling plan calls for approximately 2,500 meters of diamond core and is targeting an anomaly based on a 100 by 100 meter geochemical soil sampling grid. The exploration target was refined by ground magnetics and radiometric geophysical surveys.
Choco 5 is a 5,000 hectare property located in the prolific El Callao gold mining district of Venezuela and is contiguous to Gold Fields Limited's (GFI:
gold fields ltd new sponsored adr) Choco 10 gold mine. At present there is one drill rig operating at Choco 5 and additional drills will be added based upon this program's results. Drill results are expected later this year.
Gold Reserve Inc. is a Canadian company developing the Brisas gold copper project in Southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper price of US $1.15 per pound). The mine plan anticipates using conventional truck and shovel mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 456,000 ounces of gold and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a byproduct, operating costs are expected to be US $126 per ounce (using US $1.80 copper). The Qualified Personnel for the NI 43-101 Report are Susan Poos of Marston and Marston, Inc. and Richard Addison and Richard Lambert of Pincock, Allen and Holt, all registered professional engineers.
For further information please see our update to the Company's NI-43-101 report at our website at http://www.goldreserveinc.com, investor relations, SEDAR Filings.

SPOKANE, Wash., Sep 19, 2007 (BUSINESS WIRE) -- Gold Reserve Inc., (CA:GRZ) (GRZ: gold resv inc cl a) announced that it has retained New York based Rubenstein Investor Relations (RIR) to help raise awareness within the investment community of the Company's gold and copper projects located in southeastern Venezuela. The Company is developing the Brisas project in the "Kilometer 88" Mining District as well as the Choco 5 property located in the "El Callao" region, where the Company has recently commenced a drilling program.
Doug Belanger, President of Gold Reserve stated, "We look forward to working with Rubenstein Investor Relations. They have a proven track record of aligning companies with the appropriate financial audiences. Their guidance is important to the Company and its shareholders at this important stage in our growth."
"We are excited about our engagement with Gold Reserve," said Richard Rubenstein, President of Rubenstein Investor Relations. "The Company's experienced and dedicated employees have been diligently working to develop Brisas and Choco 5 in mineral-rich southeastern Venezuela. We are eager to communicate these efforts to the market place and expand Gold Reserve's profile within the financial community."
About Gold Reserve Inc.
Gold Reserve Inc. is a Canadian company developing the Brisas gold copper project in southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper price of US $1.15 per pound). The mine plan anticipates using conventional truck and shovel mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 456,000 ounces of gold and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a byproduct, operating costs are expected to be US $126 per ounce (using US $1.80 copper). The Qualified Personnel for the NI-43-101 Report are Susan Poos of Marston and Marston, Inc. and Richard Addison and Richard Lambert of Pincock, Allen and Holt, all registered professional engineers.
About Rubenstein Investor Relations
Rubenstein Investor Relations is staffed by Wall Street professionals offering traditional Investor Relations programs specializing in positioning small and micro-cap companies into the proper financial community of investors. The company focuses on facilitating and developing strong and lasting investment banking relationships, building institutional support, and improving clients' overall investor relations strategies.