James Michael Johnston - 01 Jan 2025 Form 3 Insider Report for GOLD RESERVE LTD (GDRZF)

Role: Director
Signature: /s/ Brent E. Binge, Attorney-in-Fact for J. Michael Johnston
Issuer symbol: GDRZF
Transactions as of: 01 Jan 2025
Net transactions value: $0
Form type: 3
Filing time: 03 Feb 2025, 19:21:04 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GDRZF	Common Shares						10,099,924	01 Jan 2025	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GDRZF	Stock Option (right to buy)							01 Jan 2025	Common Shares	195,000	$1.60	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common Shares reported on this Form 3 are beneficially held by Steelhead Navigator Master, L.P. ("Steelhead Navigator") and another client account (together with Steelhead Navigator, the "Client Accounts"). Steelhead Partners, LLC is the investment manager of the Client Accounts and Mr. Johnston is a portfolio manager at Steelhead Partners, LLC. Mr. Johnston may be deemed to beneficially own the Common Shares owned by the Client Accounts insofar as he may be deemed to have the power to direct the voting or disposition of such Common Shares. Mr. Johnston expressly disclaims any beneficial ownership in the Common Shares, except to the extent of his pecuniary interests therein.

Content

Common Shares reported on this Form 3 are beneficially held by Steelhead Navigator Master, L.P. ("Steelhead Navigator") and another client account (together with Steelhead Navigator, the "Client Accounts"). Steelhead Partners, LLC is the investment manager of the Client Accounts and Mr. Johnston is a portfolio manager at Steelhead Partners, LLC. Mr. Johnston may be deemed to beneficially own the Common Shares owned by the Client Accounts insofar as he may be deemed to have the power to direct the voting or disposition of such Common Shares. Mr. Johnston expressly disclaims any beneficial ownership in the Common Shares, except to the extent of his pecuniary interests therein.

Remarks:

See Exhibit 24 - Power of Attorney