Mr. Dave Onzay reports

GOLD RESERVE PROVIDES UPDATE ON ITS LITIGATION AND ARBITRATION PROCEEDINGS

Gold Reserve Ltd. 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 Mining Ltd.'s motion to dismiss: The Court of Chancery is expected to render its decision on the motion to dismiss brought by defendant Rusoro on Monday, Aug. 17, 2026.
• ICSID arbitration -- procedural hearing: The tribunal has been constituted in the company's arbitration proceedings against Venezuela before the International Centre for Settlement of Investment Disputes (ICSID). The first hearing is expected to take place before Sept. 12, 2026, with a date to be confirmed by ICSID. The purpose of the hearing is to address procedural matters and the next steps in the arbitration.
• Delaware proceedings -- oral argument: The U.S. Court of Appeals for the Third Circuit is scheduled to hear oral argument on the merits of the appeal concerning the proposed judicial sale of PDVH shares to Elliott/Amber Energy on Wednesday, Oct. 21, 2026.

The company will provide further updates regarding these proceedings as developments occur, subject to applicable legal and regulatory requirements.

About Gold Reserve Ltd.

Gold Reserve is a primarily United States-owned mineral exploration and development company focused on advancing high-quality mineral assets with the objective of creating sustainable long-term value for shareholders. The company is listed on the TSX Venture Exchange (symbol GRZ) and the Bermuda Stock Exchange (symbol GRZ.BH), and trades in the United States on the OTCQX (symbol GDRZF).

We seek Safe Harbor.