Venezuelan Law

Gold Reserve Ltd. announced the U.S. Government’s Statement of Interest in the New York federal court litigation regarding the validity of 2020 PDVSA bonds. The U.S. supports the 2015 National Assembly of Venezuela’s claim that the bonds, issued by the Maduro regime, are invalid under Venezuelan law and urges the court to consider the Assembly’s views. While taking no position on pending summary judgment motions, the U.S. affirmed recognition and support for the 2015 National Assembly as the government of Venezuela. Investors are cautioned to review Gold Reserve’s filings for risk factors.