Gold Reserve Provides Update in CITGO Sale Process: Gold Reserve Files Statement in Support of Stay Pending Appeal

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that yesterday the Company filed a Statement in support of a stay pending appeal with the U.S. Court of Appeals for the Third Circuit (the “Third Circuit”) in connection with the ongoing litigation arising from the proposed judicial sale of PDVH Shares. Gold Reserve’s filing supports a pending motion to stay the recent Order issued by the U.S. District Cour