Gold Reserve Ltd.TSXV: GRZ

Gold Reserve postpones annual and special shareholders' meeting

· Issued by Gold Reserve Ltd. via CNW
TORONTO, June 20 /CNW/ - Gold Reserve Inc. (TSX:GRZ - AMEX:GRZ) announced
today that the Annual and Special Shareholders Meeting, previously scheduled
for June 21, 2006, has been rescheduled for 10:00 a.m. on June 30, 2006 at 926
W. Sprague, Suite 200, Spokane, WA.
The Meeting has been rescheduled due to unfortunate delays in the mailing
of the proxy materials.
Shareholders are encouraged to attend a Company presentation to be made
at the Spokane Club, 1002 W. Riverside, Spokane, Washington on Wednesday, June
21, 2006 at 9:30 a.m., the time originally scheduled for the Annual and
Special Meeting of Shareholders.

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.