Gold Reserve Ltd. clarified misinformation about the bid from Amber Energy. Reports incorrectly stated that Amber Energy’s offer to Gold Reserve included $500 million in cash. The actual proposal from Amber Energy did not involve any cash payment to Gold Reserve. Gold Reserve, listed as TSX.V: GRZ, BSX: GRZ.BH, and OTCQX: GDRZF, addressed the confusion today. Shareholders, media sources, and analysts had inaccurately conveyed the terms of Amber Energy’s bid. The real offer did not contain the alleged $500 million cash component as claimed by various sources.