Mr. Paul Rivett reports

GOLD RESERVE ANNOUNCES APPOINTMENT OF NEW CHAIR OF THE BOARD

Gold Reserve Ltd.'s board of directors has appointed Michael Johnston as the new chair of the board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as chair and director after many years of dedication to the company. The appointment of Mr. Johnston was approved at the company's regularly scheduled board meeting held on Nov. 13, 2025.

Mr. Johnston, a long-standing member of the company's board, brings extensive entrepreneurial and strategic decision-making experience. As chair, he will work closely with the board and executive management to advance Gold Reserve's strategic objectives.

"We are pleased to welcome Michael as our new chair," said Paul Rivett, the chief executive officer of Gold Reserve. "His deep knowledge of our business and proven leadership make him ideally suited to guide the board as we continue to execute our strategy."

Mr. Rivett also expressed the company's appreciation to Robert Cohen for his years of service to the board and his leadership as chair.

"On behalf of the entire company, we thank Robert for his outstanding service as chair and director," Mr. Rivett added.

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