Gold Reserve Announces Signing of an Earn-In Agreement with Augusta Capital to Expedite Venezuela Mining and Schedules Update Conference Call

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) is pleased to announce that the Company has entered into a binding term sheet (the “Earn-In Agreement”) with Augusta Capital Corporation (“Augusta”), a company founded and led by Richard Warke, which has focused on mining investments and managing world-class mining projects for over 40 years, pursuant to which the Company and its wholly-owned subsidiary, GR Mining (Bar.