Gold Reserve announces conference call to discuss 2007 third quarter results

    SPOKANE, WA, Oct. 31 /CNW/ - Gold Reserve Inc. (TSX:GRZ - AMEX:  GRZ) will
hold a conference call to discuss 2007 third quarter results on Monday,
November 19, 2007 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).
    Anyone interested in participating in the call should dial (866) 362-4829
if calling within Canada or the United States; if calling internationally dial
(617) 597-5346. The participant passcode is 38787661.
    A replay of the call will be available through November 26, 2007 by
dialling (888) 286-8010. International callers can dial (617) 801-6888. The
participant pass code is 53772582.

    Gold Reserve Inc. is a Canadian company developing the Brisas gold/copper
project and the Choco 5 gold exploration property in mineral-rich southeastern
Venezuela. The Company operates in a region of Venezuela with excellent
geology, low energy costs, favorable climate and topography and a supportive
local community. The Brisas mineral reserve is currently estimated to contain
10.4 million ounces of gold and 1.3 billion pounds of copper. In addition,
Gold Reserve has also recently commenced drilling at its Choco 5 property in
the El Callao region of Venezuela.

For further information:

For further information: Internet -; Investor
Information: Rubenstein Investor Relations, Tim Clemensen, (212) 843-9337,; Company Contact: A. Douglas Belanger, President,
926 W. Sprague Ave., Suite 200, Spokane, WA, 99201, USA, Tel. (509) 623-1500,
Fax (509) 623-1634

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Gold Reserve Inc.

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