Gold Reserve Provides Update on Court Decision in Citgo Sale Process: Delaware District Court Adopts Special Master's Recommendation of Elliott/Amber Energy $5.9 Billion Bid Over Objections

Core Viewpoint - The U.S. District Court for the District of Delaware has ruled that PDVH shares should be sold to Elliott/Amber Energy, despite their bid being $2 billion lower than the $7.9 billion bid from Gold Reserve/Dalinar Energy [1] Group 1 - Gold Reserve Ltd. is involved in a legal dispute regarding the sale of PDVH shares [1] - The court's decision favors Elliott/Amber Energy over Gold Reserve/Dalinar Energy [1] - The difference in bids highlights a significant financial disparity, with Gold Reserve's bid being fully financed at $7.9 billion [1]