grnr0710.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Month of June 2007

Commission file number…001-31819

GOLD RESERVE INC.

Address of Principal Executive Offices: .......................................................926 West Sprague Avenue
                                                                                              Suite 200
                                                                                              Spokane, Washington 99201

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F. Form 20-F __ Form 40-F X.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): ___

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934: Yes  __ No X .

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-
2(b):

Filed with this Form 6-K is the following, which is incorporated herein by reference:

99.1 News Release
June 12, 2007

GOLD RESERVE’S EPCM CONTRACTOR MOBILIZES TO BRISAS

Certain statements included herein, including those that express management's expectations or estimates of
our future performance or concerning the Brisas Project, constitute "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. We caution that such forward-looking statements involve known and
unknown risks, uncertainties and other risks that may cause the actual financial results, performance, or
achievements of Gold Reserve Inc. to be materially different from our estimated future results,


performance, or achievements expressed or implied by those forward-looking statements. Numerous factors
could cause actual results to differ materially from those in the forward-looking statements, including
without limitation, concentration of operations and assets in Venezuela; corruption and uncertain legal
enforcement; requests for improper payments; regulatory, political and economic risks associated with
Venezuelan operations (including changes in previously established legal regimes, rules or processes); the
ability to obtain or maintain the necessary permits or additional funding for the development of the Brisas
Project; in the event any key findings or assumptions previously determined by us or our experts in
conjunction with our 2005 bankable feasibility study (as updated or modified from time to time)
significantly differ or change as a result of actual results in our expected construction and production at the
Brisas Project (including capital and operating cost estimates); risk that actual mineral reserves may vary
considerably from estimates presently made; impact of currency, metal prices and metal production
volatility; fluctuations in energy prices; changes in proposed development plans (including technology
used); our dependence upon the abilities and continued participation of certain key employees; and risks
normally incident to the operation and development of mining properties. This list is not exhaustive of the
factors that may affect any of the Company's forward-looking statements. Investors are cautioned not to
put undue reliance on forward-looking statements. All subsequent written and oral forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified in their
entirety by this notice. The Company disclaims any intent or obligation to update publicly these forward-
looking statements, whether as a result of new information, future events or otherwise.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                                                                                              GOLD RESERVE INC.
                                                                                                                     (Registrant)

                                                                                                 By: s/ Robert A. McGuinness
                                                                                                            Vice President – Finance & CFO
                                                                                                             June 12, 2007

Exhibit Index

The following is filed as an exhibit to this Form 6-K:

Exhibit
Number                                                                                                   Description
99.1                                                                                              News Release

Exhibit 99.1


          Gold Reserve’s EPCM Contractor Mobilizes to Brisas

June 12, 2007 - Gold Reserve Inc. (TSX:GRZ – AMEX:GRZ) is pleased to announce
that its EPCM contractor, SNC- Lavalin Engineers & Constructors, Inc. and its affiliates
(“SNC-Lavalin”) have mobilized for the commencement of site preparation work at
Brisas.

To the end of May, 2007, SNC-Lavalin has completed 230,000 man hours of work on
Brisas in engineering, procurement and environmental activities. Orders for the water and
sewage treatment plants, on-site employee housing, office facilities, and incinerator have
already been released. Site preparation contracts including camp water wells, pit
dewatering, power generation, early civil earthworks, and road construction will be
released in the coming weeks.

Doug Belanger, President, said, “It is very gratifying to see the site preparation work at
Brisas and we will be ramping up the construction process as more people and equipment
arrive at the site.”

Forward-Looking Statements

Certain statements included herein, including those that express management's expectations or estimates of
our future performance or concerning the Brisas Project, constitute "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. We caution that such forward-looking statements involve known and
unknown risks, uncertainties and other risks that may cause the actual financial results, performance, or
achievements of Gold Reserve Inc. to be materially different from our estimated future results,
performance, or achievements expressed or implied by those forward-looking statements. Numerous factors
could cause actual results to differ materially from those in the forward-looking statements, including
without limitation, concentration of operations and assets in Venezuela; corruption and uncertain legal
enforcement; requests for improper payments; regulatory, political and economic risks associated with
Venezuelan operations (including changes in previously established legal regimes, rules or processes); the
ability to obtain or maintain the necessary permits or additional funding for the development of the Brisas
Project; in the event any key findings or assumptions previously determined by us or our experts in
conjunction with our 2005 bankable feasibility study (as updated or modified from time to time)
significantly differ or change as a result of actual results in our expected construction and production at the
Brisas Project (including capital and operating cost estimates); risk that actual mineral reserves may vary
considerably from estimates presently made; impact of currency, metal prices and metal production
volatility; fluctuations in energy prices; changes in proposed development plans (including technology
used); our dependence upon the abilities and continued participation of certain key employees; and risks


normally incident to the operation and development of mining properties. This list is not exhaustive of the
factors that may affect any of the Company's forward-looking statements. Investors are cautioned not to
put undue reliance on forward-looking statements. All subsequent written and oral forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified in their
entirety by this notice. The Company disclaims any intent or obligation to update publicly these forward-
looking statements, whether as a result of new information, future events or otherwise.

On Behalf of the Board of Directors:
A. Douglas Belanger, President
926 W. Sprague Ave., Suite 200
Spokane, WA 99201 USA
Tel. (509) 623-1500
Fax (509) 623-1634