Gold Reserve Ltd.TSXV: GRZ

Gold Reserve announces conference call to discuss 2008 first quarter results

· Issued by Gold Reserve Ltd. via CNW

SPOKANE, WA, June 12 /CNW/ - Gold Reserve Inc. (TSX:GRZ - AMEX:GRZ) will hold a conference call to discuss the Company's financial results for the quarter ending March 31, 2008 on Tuesday, June 17, 2008 at 4:30 p.m. Eastern daylight time (1:30 a.m. Pacific daylight time).

Anyone interested in participating in the call should dial 800-322-5044 if calling within Canada or the United States; if calling internationally dial 617-614-4927. The participant passcode is 30154612.

Please visit our website at www.goldreserveinc.com under Investor Relations: SEDAR Filings or SEC Filings.

Gold Reserve Inc. is a Canadian company, which holds the rights to the Brisas gold/copper project and the Choco 5 gold exploration property in Bolivar State, Venezuela.