Gold Reserve Inc. (OTCPK:GDRZ.F) proposed to acquire PDV Holding, Inc. on June 11, 2024. The Bid has been made pursuant to the sales and bidding procedures managed by the Special Master appointed by the U.S. District Court for the District of Delaware (the ?Delaware Court") in connection with sale of PDVH common shares. Further steps in respect of the Bid will occur pursuant to the Bidding Procedures, as may be modified by the Special Master and/or the Delaware Court.