Gold Reserve Announces Conference Call to Discuss 2008 Year End Results

SPOKANE, Wash.--(BUSINESS WIRE)--Gold Reserve Inc. (TSX: GRZ.TO) (NYSE-Amex: GRZ) will hold a conference call to discuss the Company’s financial results for the year ended December 31, 2008 and recent events on Monday, May 11, 2009 at 4:30 p.m. Eastern daylight time (1:30 p.m. Pacific daylight time).

Anyone interested in participating in the call should dial 866-362-4829 if calling within Canada or the United States; if calling internationally dial 617-597-5346. The participant passcode is 23557218.

Please visit our website at www.goldreserveinc.com under Investor Relations: SEDAR Filings or SEC Filings.

Gold Reserve Inc. is a Canadian company, which holds the rights to the Brisas gold/copper project and the Choco 5 gold exploration property in Bolivar State, Venezuela.

Gold Reserve Inc.
A. Douglas Belanger, President
Tel. (509) 623-1500
Fax (509) 623-1634
www.goldreserveinc.com
or
Investor Information
Rubenstein Investor Relations
Tim Clemensen
212-843-9337
tclemensen@rubensteinir.com