Gold Reserve Returns to Venezuela
Gold Reserve Returns to Venezuela
Pembroke, Bermuda – March 05, 2026 – Gold Reserve Ltd. (“Gold Reserve” or the
“Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) announces that yesterday
Secretary Burgum, U.S. Department of the Interior, and David Copley, Special Assistant to
the President and Senior Director for Global Supply Chain, National Security Council, the
White House, led a U.S. mining delegation in Venezuela, which included representatives of
Gold Reserve. This delegation also met with President Rodríguez and members of her
administration for an open and constructive discussion regarding the conditions necessary
to enable foreign investment and support the resumption of mining operations in the
country.
Paul Rivett, Vice Chair of Gold Reserve, said, "We attended these important initial meetings
in Venezuela yesterday and we are very impressed with the progress and support of both
the U.S. administration and President Rodríguez's administration. The speed and depth to
which the U.S. and Venezuelan administrations are working in partnership together is
inspiring and will no doubt benefit the resiliency of our hemisphere. We strongly believe
there is a path emerging toward cooperation and greatness for the people of Venezuela and
the United States, while creating long-term value for our shareholders. "
The Company also learned that OFAC has granted a 30-day license for certain businesses,
including Gold Reserve, to negotiate with Venezuela. Gold Reserve intends to utilize this
opportunity and is thankful to OFAC for allowing this historic initial opportunity to return to
Venezuela with our partners.
About Gold Reserve
Gold Reserve is a primarily US-owned mineral exploration and development company
focused on advancing high-quality mineral assets with the objective of creating sustainable
long-term value for shareholders. The Company is listed on the TSX Venture Exchange (TSX-
V: GRZ), the Bermuda Stock Exchange (BSX: GRZ.BH), and trades in the United States on
the OTCQX (OTCQX: GDRZF).
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. Forward-looking statements contained in this
press release include, but are not limited to, statements relating to a return to operations in
Venezuela by the Company.
We caution that such forward-looking statements involve known and unknown risks,
uncertainties and other risks that may cause the actual events, outcomes or results of Gold
Reserve to be materially different from our estimated outcomes, results, performance, or
achievements expressed or implied by those forward-looking statements, including but not
limited to: risks involved in the mineral exploration and development industry; the failure of
the Company to negotiate or enter into any Venezuela-related agreements during the 30-
day period prescribed by OFAC, or at all; risks associated with sanctions imposed by the
U.S. and Canadian governments targeting Venezuela, its agencies and instrumentalities,
and its related persons (the "Sanctions") and/or whether the Company is able to obtain (or
get results from) relief from such Sanctions, if any, obtained from OFAC or other similar
regulatory bodies in Canada or elsewhere; risks associated with whether the U.S. and
Canadian government agencies that enforce the Sanctions may not issue licenses that the
Company may request in the future to engage in certain Venezuela-related transactions
including timing and terms of such licenses; and risks related to the revocation of the
Company’s rights with respect to the Siembra Minera Project. This list is not exhaustive of
the factors that may affect any of the Company’s forward-looking statements. For a more
detailed discussion of the risk factors affecting the Company’s business, see the
Company’s Management’s Discussion & Analysis for the period ended September 30, 2025
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 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 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:
Dave Onzay
Email: [email protected]
Phone: +1 (441) 295-4653