GOLD Reserve Announces Appointment of New Chair of the Board
GOLD RESERVE ANNOUNCES APPOINTMENT OF NEW CHAIR OF THE BOARD
Pembroke, Bermuda – November 17, 2025 – Gold Reserve Ltd. (TSX.V: GRZ) (BSX:
GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) today announced that
its 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 November 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.
On Behalf of the Board of Directors
Michael Johnston, Chair of the Board
Cautionary Statement Regarding Forward-Looking statements
This release contains “forward-looking statements” within the meaning of applicable U.S.
federal securities laws and “forward-looking information” within the meaning of applicable
Canadian provincial and territorial securities laws and state Gold Reserve’s and its
management’s intentions, hopes, beliefs, expectations or predictions for the future.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management at this time, are
inherently subject to significant business, economic and competitive uncertainties and
contingencies. They are frequently characterized by words such as "anticipates", "plan",
"continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may ", "will",
"potential", "proposed", "positioned" and other similar words, or statements that certain
events or conditions "may" or "will" occur.
Such information and statements reflect the current views of the Company’s
management, as the case may be, with respect to future events, and are based on
information currently available to the Company, as the case may be, and are subject to
certain risks, uncertainties and assumptions, including those discussed below. Many
factors could cause the actual results, performance or achievements of the Company to
differ materially from any future results, performance or achievements that may be
expressed or implied by such forward- looking information or statements. Should one or
more of these risks or uncertainties materialize, or should assumptions underlying the
forward-looking information or statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed,
estimated or expected.
For a more detailed discussion of the risk factors affecting the Company’s business, see
the Company’s Management’s Discussion & Analysis for the year ended December 31,
2024 and other reports that have been filed on SEDAR+ and are available under the
Company’s profile at www.sedarplus.ca.
Investors are cautioned not to put undue reliance on forward- looking statements. All
subsequent written and oral forward- looking statements attributable to Gold Reserve or
persons acting on its behalf are expressly qualified in their entirety by this notic e. Gold
Reserve disclaims any intent or obligation to update publicly or otherwise revise any
forward-looking statements or the foregoing list of assumptions or factors, whether as a
result of new information, future events or otherwise, subject to its disclosure obligations
under applicable rules promulgated by applicable Canadian provincial and territorial
securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
For further information regarding Gold Reserve Ltd., visit https://www.goldreserve.bm or
contact:
Tel: (441) 295-4653
A.S. Cooper Building, 7th Floor, 26 Reid Street, Hamilton, HM 11, Bermuda