Gold Reserve Welcomes Venezuela's Proposed New Mining Law

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) welcomes the initial approval of Venezuela's proposed new mining law (the “Draft Mining Law”), by the National Assembly. The Draft Mining Law must undergo a second discussion before it can be enacted and published in the Official Gazette, but approval in first discussion represents an important step in the legislative process. The Draft Mining Law is intended to modern.