GOLD Reserve Provides Update ON Venezuela Activities
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and mining
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Further information regarding the Company can be located at www.goldreserveinc.com,
www.sec.gov and www.sedar.com
Gold Reserve Inc. Contact
A. Douglas Belanger, President
999 W. Riverside Avenue, Suite 401
Spokane, WA 9920I USA
Tel. (509) 623-1500
Fax (509) 623-1634
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 including without limitation statements with
respect to the development of the SM Project, including the activities to be undertaken pursuant to
the Permit to Effect issued for the project and social programs to be undertaken in the project area .
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.
We caution that such forward-looking statements involve known and unknown risks, uncertainties
and other risks that may cause the actual outcomes, financial results, performance, or achievements
of Gold Reserve to be materially different from our estimated outcomes, future results, performance,
or achievements expressed or implied by those forward-looking statements, including without
limitation the risk that the development of the SM project, the activities planned to be undertaken
pursuant to the Permit to Effect and the social programs planned to be undertaken in the SM Project
area may not proceed as anticipated. This list is not exhaustive of the factors that may affect any of
Gold Reserve’s forward-looking statements. For a more detailed discussion of the risk factors
affecting the Company’s business, including without limitation the effect of sanctions imposed by the
governments of the United States and Canada against dealings with certain Venezuelan entities and
individuals, see the Company’s Annual Information Form and Management’s Discussion & Analysis
for the year ended December 31, 2017 which have been filed on SEDAR and are available under the
Company’s profile at www.sedar.com and which form part of the Company’s Form 40-F for the year
ended December 31, 2017 which have been filed on EDGAR and are available under the Company’s
profile at www.edgar.com.
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 notice. 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 the Securities and Exchange
Commission and 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.