Gold Reserve announces conference call to discuss 2008 year end results

    SPOKANE, WA, May 6 /CNW/ - Gold Reserve Inc. (TSX:GRZ - NYSE-Amex:  GRZ)
will hold a conference call to discuss the Company's financial results for the
year ended December 31, 2008 and recent events on Monday, May 11, 2009 at 4:30
p.m. Eastern daylight time (1:30 p.m. Pacific daylight 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 23557218.
    Please visit our website at 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.

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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