Gold Reserve reports on status of Brisas property
SPOKANE, WA, Nov. 9 /CNW/ - Gold Reserve Inc. (NYSE-Amex: GRZ) (TSX: GRZ)
reported today that the Venezuelan Government has recently notified the Company
through the issuance of an Administrative Act dated October 21, 2009 of its
intent to cancel the Company's underlying hardrock concession. The Venezuelan
Government's action comes just days after the October 26, 2009 seizure of the
Brisas alluvial gold concession, which is coextensive with the hardrock
concession, and the Government's taking over control of the Brisas Camp.

Doug Belanger, President of Gold Reserve stated, "The Government's actions are a
continuation of its wrongful treatment of Gold Reserve and its investments and
further evidence of the Government's earlier decision to expropriate the entire
Brisas Project."

http://www.newswire.ca/en/releases/archive/November2009/09/c7052.html