grnr0714.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 August 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
August 29, 2007

GOLD RESERVE ENTERS INTO IMPORTANT SOCIAL AND ENVIRONMENTAL PARTNERSHIP

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
                                                                                                                August 29, 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 ENTERS INTO IMPORTANT SOCIAL AND
                                  ENVIRONMENTAL PARTNERSHIP

August 29, 2007 - Gold Reserve Inc. (TSX:GRZ – AMEX:GRZ) announced
today that it has entered into a partnership with Conservation International (CI) to
advance the Company’s strong commitment to environmental and social
responsibility. The partnership will involve preserving biodiversity in and around
the Company’s Brisas Project in Venezuela and support the development of best
practice tools for integrating biodiversity information into the business decision
making processes.

Compania Aurifera Brisas del Cuyuni C.A. (Brisas), the Venezuelan subsidiary of
Gold Reserve, has also signed a Letter of Intent with CI Venezuela outlining
commitments, whereby the two organizations will work together to institute
programs pertaining to biodiversity and sustainable agro-forestry in the upper
Cuyuni River basin located in the State of Bolivar in southeastern Venezuela
near the Guyana border. This effort will include extensive biodiversity
assessments and monitoring efforts to understand and protect the biodiversity of
the Project area as well as a program of work aimed at empowering local
communities to develop sustainable agro-forestry.

The Company has also finalized an agreement with CI to support the
development of decision making tools and methodologies that guide companies
such as Gold Reserve through a process by which they assess the ongoing
environmental impacts and assess their biodiversity, take action to avoid,
mitigate or offset this impact, and monitor their achievements. This support will
facilitate the development of a biodiversity offset strategy for the Brisas Project in
conjunction with the Business and Biodiversity Offset Program (BBOP) (more
information on BBOP can be found at: www.forest-
trends.org/biodiversityoffsetprogram ).

“We are pleased to be working with CI,” said Doug Belanger, president of Gold
Reserve. “Our strong relationship with CI will empower our employees and
provide them substantial experience while furthering the Company’s commitment
to the Equator Principles and responsible environmental stewardship.”


About the organizations:

Conservation International (CI) is a nonprofit international organization which
operates in 40 countries around the world and applies innovations in science,
economics, policy and community participation to protect the Earth's richest
regions of plant and animal diversity in the biodiversity hotspots, high-biodiversity
wilderness areas as well as important marine regions around the globe. For
further information see www.conservation.org

The Company

Gold Reserve Inc. is a Canadian company developing the Brisas gold copper
project in Southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million
tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing
10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue
cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper
price of US $1.15 per pound). The mine plan anticipates using conventional truck
and shovel mining methods with the processing of ore at full production of 70,000
tonnes per day, yielding an average annual production of 456,000 ounces of gold
and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a
byproduct, operating costs are expected to be US $126 per ounce (using US
$1.80 copper). The Qualified Personnel for the NI 43-101 Report are Susan Poos
of Marston and Marston, Inc. and Richard Addison and Richard Lambert of
Pincock, Allen and Holt, all registered professional engineers.

For further information please see our update to the Company's NI-43-101 report
at our website at www.goldreserveinc.com, investor relations, SEDAR Filings.

Forward-Looking Statements

Certain statements included herein, including those that express management's
expectations or estimates of our future performance concerning the Brisas Project or the
Choco 5 Exploration 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
Gold Reserve Inc.
A. Douglas Belanger, President
509-623-1500
Fax: 509-623-1634