GOLD Reserve Provides Update ON Cra Audit
GOLD RESERVE PROVIDES UPDATE ON CRA AUDIT
Pembroke, Bermuda – November 24, 2025 – Gold Reserve Ltd. (TSX.V: GRZ) (BSX:
GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that the
Canada Revenue Agency (CRA) has completed its audit of the Company’s international
transactions. The audit did not result in any net adjustments to the Company’s Canadian
tax filings for any of the years under review. The CRA had previously proposed a
reassessment of the C ompany’s 2014, 2016, 2017 and 2018 taxation years that would
include, among other amounts, the September 2014 arbitral award and certain payments
made under the settlement agreement with the Bolivarian Republic of Venezuela. The
completion of the audit concludes the CRA examinations of the Company’s Canadian tax
filings for the years under review and accordingly such filings are no longer the subject of
any CRA proposed reassessments.
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 t hose 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 Dalinar Energy, visit: https://www.dalinarenergy.com.
For further information regarding Gold Reserve Ltd., visit https://www.goldreserve.bm or
contact:
(441) 295-4653
A.S. Cooper Building, 7th Floor, 26 Reid Street, Hamilton, HM 11, Bermuda