Gold Reserve Announces Conference Call to Discuss 2010 Third Quarter Results

NR-10-05

GOLD RESERVE ANNOUNCES CONFERENCE CALL TO DISCUSS 2010 THIRD QUARTER RESULTS

SPOKANE, WASHINGTON November 24, 2010

Gold Reserve Inc. (TSX:GRZ – NYSE-Amex:GRZ) will hold a conference call to discuss the Company’s financial results for the quarter ended September 30, 2010 on Wednesday, December 1, 2010 at 1:00 p.m. Eastern standard time (10:00 a.m. Pacific standard time).

Anyone interested in participating in the call should dial 800-510-9836 if calling within Canada or the United States; if calling internationally dial 617-614-3670. The participant passcode is 76776771.

Please visit our website at www.goldreserveinc.com under Investor Relations: SEDAR Filings or SEC Filings.

FOR FURTHER INFORMATION:

Internet – www.goldreserveinc.com

Company Contact

A. Douglas Belanger, President 926 W. Sprague Ave., Suite 200 Spokane, WA 99201 USA Tel. (509) 623-1500 Fax (509) 623-1634