"Hello, my name is Doug Belanger and I am the President and a shareholder of Gold Reserve. This pre-recorded message is to notify you that the Board of Directors of Gold Reserve unanimously recommends that you reject the offer recently made by Rusoro to purchase your shares of Gold Reserve. The Rusoro Offer does not adequately compensate Gold Reserve Shareholders for the fair value of the world-class Brisas Project or Gold Reserve’s cash assets. A directors’ circular outlining the reasons to reject the offer has recently been mailed to you. If you have any questions or would like a copy of the directors’ circular please contact Gold Reserve’s information agent, the Laurel Hill Advisory Group at 1-888-295-4655. Thank you."