GOLD RESERVE INC. Annual Meeting of Shareholders June 10, 2014

REPORT OF VOTING RESULTS

Section 11.3 National Instrument 51-102 ? Continuous Disclosure Obligations

Common Shares represented at the meeting 58,390,422 or 76.77%

Total outstanding (Class A and Class B) Common Shares
as at record date: 76,060,147

The matters voted upon at the Meeting and the results of the voting were as follows:

General Business Outcome of Vote Voting Result
For Withhold
1. Election of DirectorsThe election of:
Rockne J. Timm FOR 99.39% 0.61%
A. Douglas Belanger FOR 99.38% 0.62%
James P. Geyer FOR 99.38% 0.62%
James H. Coleman FOR 99.33% 0.67%
Patrick D. McChesney FOR 99.39% 0.61%
Chris D. Mikkelsen FOR 99.38% 0.62%
Jean Charles Potvin FOR 99.38% 0.62%

2. Appointment of AuditorThe appointment of PricewaterhouseCoopers LLP as auditor until the close

of the next annual meeting or until a successor is appointed.
FOR 99.74% 0.26%

For additional information please see the Circular dated May 1, 2014.

June 10, 2014
/s/ Robert A. McGuinness
Vice President Finance and CFO