Gold Reserve sole owner of Brisas property in Km 88

Spokane-based Gold Reserve (TSE) now owns all of the Brisas concession in Venezuela’s Kilometre 88 district.

By acquiring minority interests in two subsidiaries (Gold Reserve Aruba and Glandon), the company has increased its direct and indirect ownership in the concession to 100% from 91%.

Drills are turning in the Pozo Azul area, where the length of mineralization has been increased to 850 metres. Results from eight widely spaced holes are as follows:

HoleIntervalLengthGold

(m) (m) (g/t)

185 15-39 24 0.79

69-120511.16

150-189390.88

18854-63 92.10

216-261450.76

19415-49241.43

195 0-33330.62

54-75210.52

19621-72511.72

105-141360.81

177-183 61.97

197138-196480.89

Drill crews are also active in the Laguna Donna area, south of the Pozo Azul, where the following results are reported:

HoleIntervalLengthGold

(m) (m)(g/t)

153A21-54330.94

84-96122.87

147-216690.75

15815-57420.47

69-141720.62

159-171120.76

167 33-111780.63

20269-99300.81

195-249541.07