Gold Reserve Ltd.

Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company and other parties filed their Post-Trial Answering Briefs and Submissions of Supplemental Fact. Copies of the filings will be posted to the Company website under Citgo Proceedings. Next steps in the Sale Process include: Later today, the Special Master and other interested parties will file [...]

Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company filed a motion to disqualify the two professional advisors to the Special Master - the law firm of Weil, Gotshal & Manges LLP and the investment banking firm of Evercore, Inc. - the Special Master Robert B. Pincus, and the district court judge in the Citgo Sale Process. Gold Reserve also [...]

Gold Reserve announces that on Sept 18, 2025, Judge Leonard Stark of the U.S. District Court for the District of Delaware issued a decision denying Gold Reserve's Motion to Strike the Special Master's Notice of Superior Proposal and granting the Special Master's Request to Terminate Gold Reserve's Dalinar Energy SPA and Sign Elliott's Amber Energy SPA. Judge Stark stated that he viewed his ruling on the Request to [...]

Gold Reserve announces that on Sept 18, 2025, the U.S. District Court for the Southern District of New York issued a decision granting partial summary judgment in favor of the 2020 Bondholders and denying Plaintiff PDVSA's and PDVH's motion for summary judgment that the 2020 Notes, as well as the Indenture, Pledge Agreement and Guaranty were not validly issued under Venezuelan law. The SDNY reserved decision on the 2020 [...]

Gold Reserve issued a clarification regarding the purported consideration offered by Amber Energy to Gold Reserve as part of Amber Energy's bid. In recent days, several shareholders, media reports, and research analysts have incorrectly stated that Amber Energy's bid included $500 million in cash payable to Gold Reserve. This is entirely false. Amber Energy's proposal purports to offer recovery of only 15% on $500 million [...]

Gold Reserve Ltd. announced that today, pursuant to the schedule set by the U.S. District Court for the District of Delaware , the Company filed its further reply to the objections to the Special Master's original July 2, 2025 Final Recommendation of the then-existing Dalinar Energy Bid. In its filing, the Company explained the reasons why these objections have no merit. A copy of the Company's filings will be posted [...]

Gold Reserve Ltd. provides an update on three recent filings in the CITGO Sale Process being run by the U.S. District Court for the District of Delaware : 1. On September 2, 2025, the Company filed a Notice of Competing Objection and Disclosure of Bid Materials in which it confirmed that it is a Competing Objector, and therefore that it will present its Improved Bid to the Court and request that it be approved instead of [...]

Gold Reserve Ltd. announces that on August 29, 2025, the U.S. Government filed a Statement of Interest in the pending New York federal court litigation regarding the validity of the 2020 PDVSA bonds. The key question in the litigation is whether the 2020 PDVSA bonds are invalid under Venezuelan law and, if so, the consequences of this invalidity. The 2020 PDVSA Bonds were issued by the Maduro regime in October 2016, but [...]

Gold Reserve Ltd. announces that its Delaware subsidiary, Dalinar Energy Corporation , was not selected by the Special Master as the recommended bidder for the purchase of the shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp., in the sales process being conducted by the U.S. District Court for the District of Delaware . Amber Energy Inc. was named in the Updated Final Recommendation. The [...]

Gold Reserve Ltd. announces that, pursuant to the schedule set by the U.S. District Court for the District of Delaware , it submitted an improved proposal for the purchase of the shares of PDV Holding Inc. , the indirect parent company of Citgo Petroleum. The terms of the Company's improved proposal are confidential, per the bidding procedures, but the Company can confirm that it has materially increased its proposed [...]