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PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Firm”) proclaims that it has filed a Response to Venezuela’s movement for an abeyance of the attraction in regards to the proposed judicial sale of PDVH shares to Elliott/Amber Power (the “Enchantment”). Venezuela’s movement, filed on October 1, 2026, requests the Enchantment be held in abeyance, with periodic standing reviews each six months, to permit Venezuela and its advisors to pursue and implement a compensation of the Delaware collectors.
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Commercial 1
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Gold Reserve’s Response helps Venezuela’s movement for a restricted six-month abeyance, topic to concurrent assist from the USA. As acknowledged in its Response, the U.S. Administration’s actions in Venezuela have resulted in a major improve in Citgo’s worth and the power for Venezuela to finance compensation of the Delaware collectors. Accordingly, Gold Reserve believes that a purchase order led by Venezuela, and supported by the U.S. Administration, may present a immediate and complete resolution for resolving collectors’ claims which is in one of the best curiosity of everybody, together with Venezuela and the USA.
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Prime Tales
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Earlier this week, the U.S. Court docket of Appeals for the Third Circuit issued an Order inviting the USA to precise its views and pursuits within the Enchantment, with a submitting deadline of October 13, 2026. As of the date of this information launch, the USA has not submitted a submitting.
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A duplicate of Gold Reserve’s Response, together with all different filings in respect to the movement for abeyance, might be discovered right here.
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An entire description of the Delaware sale proceedings might be discovered on the Public Entry to Court docket Digital Data system in Crystallex Worldwide Company v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its associated proceedings.
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About Gold Reserve
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Gold Reserve is a primarily US-owned mineral exploration and growth firm targeted on advancing high-quality mineral property with the target of making sustainable long-term worth for shareholders. The Firm is listed on the TSX Enterprise Trade (TSX-V: GRZ), the Bermuda Inventory Trade (BSX: GRZ.BH), and trades in the USA on the OTCQX (OTCQX: GDRZF).
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Cautionary Assertion Concerning Ahead-Wanting statements
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This launch accommodates “forward-looking statements” throughout the which means of relevant U.S. federal securities legal guidelines and “forward-looking data” throughout the which means of relevant Canadian provincial and territorial securities legal guidelines and state Gold Reserve’s and its administration’s intentions, hopes, beliefs, expectations or predictions for the longer term. Ahead-looking statements are essentially primarily based upon plenty of estimates and assumptions that, whereas thought of affordable by administration presently, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. They’re regularly characterised by phrases akin to “anticipates”, “plan”, “proceed”, “count on”, “challenge”, “intend”, “imagine”, “anticipate”, “estimate”, “might”, “will”, “potential”, “proposed”, “positioned” and different related phrases, or statements that sure occasions or situations “might” or “will” happen. Ahead-looking statements contained on this press launch embrace, however should not restricted to, statements relating to the potential abeyance of the Enchantment; the potential for Venezuela and its advisors to pursue and implement the compensation of the Delaware collectors; the potential for a purchase order of the PDVH shares led by Venezuela and supported by the U.S. Administration; the potential for such a transaction to offer a immediate and complete decision of collectors’ claims; and the potential impression of the U.S. Administration’s actions in Venezuela on the worth of CITGO, the worth of the PDVH shares and the power to finance compensation of collectors’ claims.
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Commercial 2
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Traders are cautioned to not put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or individuals performing on its behalf are expressly certified of their entirety by this discover. Gold Reserve disclaims any intent or obligation to replace publicly or in any other case revise any forward-looking statements or the foregoing listing of assumptions or components, whether or not because of new data, future occasions or in any other case, topic to its disclosure obligations underneath relevant guidelines promulgated by relevant Canadian provincial and territorial securities legal guidelines.
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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.
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For additional data relating to Gold Reserve Ltd., go to www.goldreserve.bm.
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Dave Onzay
Electronic mail: investorrelations@goldreserve.bm
Cellphone: +1 (441) 295-4653
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