NEW YORK, April 26 /CNW/ - Jaguar-Portland Holdings LLC (the "Offeror") announces that it has disposed of ownership and control of 7,605,991
common shares ("Common Shares") of Gold Reserve Inc. (the "Company") through the TSX. After such transactions the Offeror holds no Common
Shares (0%) in the Company and will no longer be subject to early
warning filing requirements with respect to the Company. The Offeror is
located at 535 Madison Avenue, 11th Floor, New York, NY 10022.