Update on International Arbitration Against The Venezuelan Government

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that on June 13, 2025 the International Centre for Settlement of Investment Disputes (“ICSID”) confirmed that the Tribunal for the arbitration initiated by GR Mining (Barbados) Inc., a subsidiary of Gold Reserve, against the Bolivarian Republic of Venezuela shall consist of three arbitrators, one arbitrator appointed by each party and the third, who shall be the President of the Tribunal, appointed by agreement of the parties.

More details on the arbitration can be found here.

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