Gold Reserve Ltd. has provided an update on its ongoing legal proceedings related to the Citgo sale process in the U.S. District Court for the District of Delaware. The court recently denied Gold Reserve's motion to disqualify the Special Master overseeing the Citgo sale, his advisors from Weil, Gotshal & Manges and Evercore Inc., as well as the presiding District Court Judge. A similar motion filed by the Venezuela Parties was also denied. The court indicated it does not plan to rule on the Amber Energy bid before November 21, 2025. Gold Reserve continues to express concerns about significant conflicts of interest in the sale process, including $170 million in fees collected by the Special Master's advisors from affiliates of Elliott and the 2020 bondholders involved in Elliott's bid. The company intends to pursue all appropriate appellate remedies. Separately, in Gold Reserve's action against Rusoro Mining Ltd. in Delaware Court of Chancery for breach of their Consortium Agreement, the court declined to expedite a motion for a preliminary injunction and will wait for developments in the Citgo sale process before proceeding.