The Maduro regime has committed heinous crimes against the people of Venezuela, including one of our colleagues, Jose Ignacio Moreno Suarez, a political prisoner, who is currently falsely imprisoned without trial for two and a half years, and who has suffered continuous torture and appalling conditions.
“For too long, the Maduro regime has been allowed to use oppression, incarceration, violence and death against the people of Venezuela, including those who work for Venezuela’s gold reserve,” said Paul Rivett, Vice President. “We applaud the Trump administration’s actions to bring Maduro to justice and we look forward to doing our part to ensure a return to peace and prosperity in Venezuela and the early release of Jose Ignacio Moreno Suarez.”
Gold Reserve has a long history in Venezuela and developed the largest gold and copper deposits in South America, but the Brisas development was illegally expropriated by the Chavez regime and the Siembra Minera joint venture was illegally expropriated by the Maduro regime. These Venezuelan gold projects are currently being illegally mined using Chinese technology under the direction of the Cartel de los Soles (a designated narco-terrorist organization) for the financial benefit of the Maduro regime.
The situation on the ground in Venezuela remains dynamic and as a result we are unable to advise our shareholders at this time as to when or if we can return to our Venezuelan properties. We will of course provide updates as they become available in due course. In the meantime, Gold Reserve has the resources and strength to return to Venezuela and we stand ready to do our part by working with all legitimate parties to assist in the post-Maduro transition and recovery efforts to promote peace and prosperity.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of applicable U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian provincial and territorial securities laws and the intentions, hopes, beliefs, expectations or predictions of State Gold Reserve and its management for the future. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while currently considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. They are often characterized by words such as “anticipate,” “plan,” “continue,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “may,” “will,” “potential,” “proposed,” “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements in this press release include, but are not limited to, statements about the Company’s expectations, assumptions or beliefs regarding future events, including the potential timing or ability to return to its Venezuelan properties, the resolution of political, legal and regulatory conditions in Venezuela, and the Company’s ability to provide future updates to its shareholders.
We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause actual events, outcomes or results of Gold Reserve to be materially different from our estimated outcomes, results, performance or achievements expressed or implied by these forward-looking statements, including, but not limited to: risks normally associated with the exploration, development and operation of mining properties; risks related to political, economic and social instability, changes in government, regulatory developments, geopolitical risks, security conditions and sanctions in Venezuela; there is a risk that any future Venezuelan government or power, de jure or de facto, will not respect the agreements entered into by the Company and Venezuela; and other risks associated with operating or holding assets in Venezuela. This list is not exhaustive of the factors that could affect the company’s forward-looking statements. For a more detailed discussion of the risk factors affecting the Company’s business, see the Company’s Management’s Discussion & Analysis for the period ended September 30, 2025 and other reports filed on SEDAR+ and available under the Company’s profile at www.sedarplus.ca .
Investors are cautioned not to place undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intention or obligation to publicly update or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by applicable Canadian provincial and territorial securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE.
For more information about Gold Reserve Ltd., visit https://www.goldreserve.bm .
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investorrelations@goldreserve.bm
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