Gold Reserve notes lawsuit by U.S. gov't for 2020 bonds

An anonymous director reports GOLD RESERVE PROVIDES UPDATE ON U.S. GOVERNMENT'S STATEMENT OF INTEREST SUPPORTING VENEZUELAN OPPOSITION GOVERNMENT IN LITIGATION REGARDING VALIDITY OF 2020 PDVSA BONDS Gold Reserve Ltd. has noted that, on Aug. 29, 2025, the U.S. government filed a statement of interest in the pending New York federal court litigation regarding the validity of the 2020 PDVSA bonds. The key question in the litigation is whether the 2020 PDVSA bonds are invalid under Venezuelan law and, if so, the consequences of this invalidity. The 2020 PDVSA bonds were issued by the Maduro regime in October, 2016, but the 2015 National Assembly of Venezuela has issued multiple resolutions supporting the conclusion that the 2020 bonds are invalid under Venezuelan law. In its statement of interest, the U.S. government "affirmed its recognition of, and firm support for, the 2015 National Assembly of Venezuela as the government of Venezuela," and stated that the "2015 National Assembly is the only government duly elected by the Venezuelan people." Accordingly, the views of the 2015 National Assembly regarding Venezuelan law should be given "respectful consideration" by the New York court. In conclusion, the U.S. government stated that for the foregoing reasons, the United States respectfully: (1) advises the court of its recognition of and support for the 2015 National Assembly as the government of Venezuela; (2) urges the court to accord respectful consideration to the republic's views as required by animal science products; and (3) takes no position on the legal issues in the parties' pending cross-motions for summary judgment. We seek Safe Harbor.