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Gold Reserve Inc.

11:47 AM EST - Gold Reserve Inc. : Announced a further extension of the previously announced Memorandum of Understanding with the Bolivarian Republic of Venezuela to July 15. The execution of the previously announced settlement and mixed company (joint venture) agreements have been delayed due to recent positive events in Venezuela, such as the formation of the new “Ministry of Ecological Mining Development” and the appointment of a new Minister allowing the government to pursue the development of its mineral resources independent of the energy sector. Gold Reserve Inc. shares V.GRZ are trading down $0.18 at $5.65.