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Hilary Swank settles lawsuit against SAG-AFTRA Health Plan

GOLD RESERVE : ANNOUNCES SALE OF SHARES TO 401(k) PLAN (Form 6-K)

SPOKANE, WASHINGTON, May 25, 2021 Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the Company ) announces that it plans, subject to the approval of the TSX Venture Exchange (the TSXV ), a non-brokered private placement to Rockne Timm, Doug Belanger and Robert McGuinness, (the Plan Trustees ), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the 401(k) Plan ), and James Coleman (the Private Placement ). As previously announced, the Board of Directors recommended, and the Plan Trustees of the 401(k) Plan agreed, to use the cash contributions to the 401(k) Plan for retirement savings for U.S. based employees of the Company and its affiliates, to acquire additional Class A Common Shares for the accounts of the participating employees. In addition, Mr. Coleman, as a resident of Canada, who does not participate in the 401(k) Plan but is entitled to an equivalent payment, will use his payment to subscribe for additional Class A Common Shares.

Gold Reserve Announces Sale of Shares to 401(k) Plan

Share: Company ) announces that it plans, subject to the approval of the TSX Venture Exchange (the TSXV ), a non-brokered private placement to Rockne Timm, Doug Belanger and Robert McGuinness, (the Plan Trustees ), as Trustees for the Gold Reserve Corporation 401(k) Savings Plan (the 401(k) Plan ), and James Coleman (the Private Placement ). As previously announced, the Board of Directors recommended, and the Plan Trustees of the 401(k) Plan agreed, to use the cash contributions to the 401(k) Plan for retirement savings for U.S. based employees of the Company and its affiliates, to acquire additional Class A Common Shares for the accounts of the participating employees. In addition, Mr. Coleman, as a resident of Canada, who does not participate in the 401(k) Plan but is entitled to an equivalent payment, will use his payment to subscribe for additional Class A Common Shares.

MP welcomes select committee report into miners pensions

Jonathan Edwards MP Carmarthenshire MP Jonathan Edwards has welcomed a report by the BEIS Select Committee into the great miners’ pension rip off which calls on the British Government to urgently review the 50:50 surplus arrangement agreed in 1994 between Scheme Trustees and the Treasury. The report also calls on the British Government to pay £1.2bn in reparations back into the scheme to benefit former miners and their families directly. Mr Edwards said: “Since being elected to the House of Commons in 2010 I have consistently raised the plight of the grave injustice suffered by miners and their families as a result of the rip off of surpluses from the Miners Pension Scheme by the British Government. The initial deal was struck between the British Government and the Trustees of the Scheme in 1994 and has been consistently ratified by both Tory and Labour Westminster governments, despite the fact that the British Government has not had to put a single penny into the Schem

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