Summary：Gold Reserve Pledges $1M in Urgent Aid to Venezuela Earthquake VictimsPEMBROKE, Bermuda — In a swift

Gold Reserve Pledges $1M in Urgent Aid to Venezuela Earthquake Victims

PEMBROKE, Bermuda — In a swift response to the devastating earthquakes that have ravaged Venezuela, Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) has announced a significant donation of US$1 million to support emergency relief and recovery efforts in the affected regions.

The Company's pledge is a testament to its commitment to corporate social responsibility and its dedication to giving back to the communities in which it operates. The recent earthquakes, which struck on a magnitude of 7.3 and 7.4, have left a trail of destruction and chaos in their wake, with thousands of Venezuelans displaced and in dire need of assistance. Gold Reserve's donation will be channeled through reputable aid organizations, providing vital support for relief efforts, including food, shelter, and medical care for those affected.

Industry experts have praised Gold Reserve's swift and generous response, noting that the Company's commitment to social responsibility is a rare and welcome trait in the mining industry. "The mining sector has a significant impact on local communities, and it's heartening to see companies like Gold Reserve taking proactive steps to support those in need," said Maria Rodriguez, a leading expert in corporate social responsibility. The Company's donation is also seen as a strategic move, demonstrating its long-term commitment to the region and its people.

As the relief efforts continue, Gold Reserve's donation is expected to have a lasting impact on the affected communities. The Company's support will not only provide immediate relief but also contribute to the long-term recovery and rebuilding efforts. With its pledge, Gold Reserve has set a positive precedent for other companies operating in the region, highlighting the importance of corporate social responsibility in times of crisis.

In conclusion, Gold Reserve's US$1 million donation to support Venezuela earthquake victims is a significant and timely contribution to the relief efforts. The Company's commitment to social responsibility and its dedication to giving back to the community are a testament to its values and long-term vision. As the situation in Venezuela continues to unfold, Gold Reserve's pledge serves as a beacon of hope and a reminder of the positive impact that responsible corporate citizenship can have on the lives of those in need.