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PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Firm”) offers an replace on three current filings within the CITGO Sale Course of being run by the U.S. District Court docket for the District of Delaware (the “Court docket”):
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1. On September 2, 2025, the Firm filed a Discover of Competing Objection and Disclosure of Bid Supplies by which it confirmed that it’s a Competing Objector, and subsequently that it’ll current its Improved Bid to the Court docket and request that it’s authorised as an alternative of the $2 billion lower-priced Amber Power bid. In conjunction therewith, the Firm filed bid supplies that had not already been filed on the general public docket. A duplicate of the submitting shall be posted right here.
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2. On September 2, 2025, the Firm filed a letter with the Court docket by which it joined the Venezuela Events’ request that the Court docket direct the Particular Grasp to serve absolutely unredacted variations of the transcripts of the Particular Grasp’s August 11 and 13 ex parte conferences with the Court docket on events which have signed a confidentiality settlement with the Particular Grasp. A duplicate of the letter shall be posted right here.
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Prime Tales
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3. On August 30, 2025, the Firm filed a letter with the Court docket requesting, in reference to the Particular Grasp’s Up to date Last Suggestion, that the Court docket keep its choice on the Particular Grasp’s request to terminate the Dalinar Power bid till the Court docket guidelines on Gold Reserve’s pending Movement to Strike the Amber Power bid or, within the various, that the Court docket set a briefing schedule for the Particular Grasp’s request that tracks the present schedule for objections to the Up to date Last Suggestion. A duplicate of the submitting shall be posted 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 Information 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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Cautionary Assertion Relating to Ahead-Trying statements
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This launch incorporates “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 long run. Ahead-looking statements are essentially primarily based upon numerous estimates and assumptions that, whereas thought of cheap by administration presently, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. They’re continuously characterised by phrases corresponding to “anticipates”, “plan”, “proceed”, “count on”, “venture”, “intend”, “consider”, “anticipate”, “estimate”, “could”, “will”, “potential”, “proposed”, “positioned” and different comparable phrases, or statements that sure occasions or situations “could” or “will” happen. Ahead-looking statements contained on this press launch embrace, however will not be restricted to, statements referring to any bid submitted by the Firm for the acquisition of the PDVH shares (the “Bid”).
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We warning that such forward-looking statements contain recognized and unknown dangers, uncertainties and different dangers which will trigger the precise occasions, outcomes or outcomes of Gold Reserve to be materially totally different from our estimated outcomes, outcomes, efficiency, or achievements expressed or implied by these forward-looking statements, together with however not restricted to: the discretion of the Particular Grasp to contemplate the Bid, to enter into any discussions or negotiation with respect thereto; the Particular Grasp could not advocate the Bid within the Last Suggestion; an objection to the Bid could also be upheld by the Court docket; the Bid is not going to be authorised by the Court docket because the “Last Advocate Bid” below the Bidding Procedures, and if authorised by the Court docket could not shut, together with on account of not acquiring obligatory regulatory approvals, together with however not restricted to any obligatory approvals from the U.S. Workplace of International Asset Management (“OFAC”), the U.S. Committee on International Funding in the USA, the U.S. Federal Commerce Fee or the TSX Enterprise Change; failure of the Firm or some other celebration to acquire enough fairness and/or debt financing or any required shareholders approvals for, or fulfill different situations to impact, any transaction ensuing from the Bid; that the Firm could forfeit any money quantity deposit made as a consequence of failing to finish the Bid or in any other case; that the making of the Bid or any transaction ensuing therefrom could contain sudden prices, liabilities or delays; that, previous to or on account of the completion of any transaction contemplated by the Bid, the enterprise of the Firm could expertise important disruptions as a consequence of transaction associated uncertainty, trade situations, tariff wars or different components; the flexibility to implement the writ of attachment granted to the Firm; the timing set for varied studies and/or different issues with respect to the Sale Course of is probably not met; the flexibility of the Firm to in any other case take part within the Sale Course of (and associated prices related therewith
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