Gold Reserve Inc. (GRZ.V)

Venezuelan Ministry of Mines Revokes Mineral Rights of Siembra Minera – Gold Reserve Considering All Legal Rights and Remedies

SPOKANE, Wash., March 09, 2022--Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that it has learned that The Ministry of Mines of Bolivarian Republic of Venezuela ("Ministry of Mines") issued a Resolution that purports to revoke the mining rights of the Venezuelan Joint Venture Company, Siembra Minera SA (55% owned by Venezuela – 45% owned by Gold Reserve) (‘Siembra Minera SA") for alleged non-compliance with certain Venezuelan mining regulations. The Re