Gold Reserve Inc. (TSX:GRZ) (NYSE Amex:GRZ) will hold a conference call to discuss the Company’s financial results for the quarter ended June 30, 2010 on Tuesday, August 24, 2010 at 1:00 p.m. Eastern daylight time (10:00 a.m. Pacific daylight time).

Anyone interested in participating in the call should dial 866-356-4279 if calling within Canada or the United States; if calling internationally dial 617-597-5394. The participant passcode is 33603309.

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

FOR FURTHER INFORMATION:

Internet – www.goldreserveinc.com

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