Gold Reserve Inc. announced that, at the annual general and special meeting of Shareholders, Yves M. Gagnon was elected to the Board of Directors of Gold Reserve to hold office until the next annual meeting or until their successors are duly elected or appointed. On behalf of the Board, Rockne J. Timm, CEO acknowledges Jean Charles Potvin's retirement from the board, noting that Mr. Potvin will remain as an important advisor to the Company in the future. Former Ambassador Gagnon retired from public service after 45 years of service with Global Affairs Canada.