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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As filed with the Securities and Exchange Commission
on October 4, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">Registration No. 333-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM S-8</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">REGISTRATION STATEMENT UNDER THE SECURITIES ACT
OF 1933</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">GOLD RESERVE INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><I>(Exact name of registrant as specified in
its charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#9;Canada&#9;N/A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&#9;(State or other jurisdiction of incorporation or organization)&#9;(I.R.S.
Employer Identification No.)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&#9;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">999 West Riverside Avenue, Suite 401, Spokane, Washington
99201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Address of principal executive offices)(Zip Code)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">GOLD RESERVE INC. 2012 EQUITY INCENTIVE PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Full title of the plan)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">ROCKNE J. TIMM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">999 West Riverside Avenue, Suite 401, Spokane, Washington
99201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(509) 623-1500</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><I>(Name, address and telephone number, including
area code, of agent for service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>with a copy to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">JONATHAN B. NEWTON</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">King &amp; Spalding LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">1100 Louisiana, Suite 4100, Houston, Texas 77002</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">(713) 751-3200</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0 0 0.1in">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
&ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth
company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 16%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 9.5pt; line-height: 115%">Large accelerated filer</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 9.5pt; line-height: 115%">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 9.5pt; line-height: 115%">Accelerated filer</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 9.5pt; line-height: 115%">&#9745;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 9.5pt; line-height: 115%">Non-accelerated filer</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 9.5pt; line-height: 115%">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 9.5pt; line-height: 115%">Smaller reporting company</FONT></TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9.5pt/115% Segoe UI Symbol,sans-serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 9.5pt/115% Segoe UI Symbol,sans-serif; margin: 0 0 6pt">&#9744;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 25%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 9.5pt; line-height: 115%">Emerging growth company</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 2.65pt; padding-bottom: 0.1in; padding-left: 2.65pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 9.5pt; line-height: 115%">&#9744;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0 0 0.1in">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CALCULATION OF REGISTRATION FEE</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">Proposed</FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">Proposed </FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">maximum</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">maximum</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">Amount of</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">Title of each class of</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">Amount to be</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">offering price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">aggregate</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">registration</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">securities to be registered(1)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">per share(2)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">offering price(2)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 9pt">fee</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt"><FONT STYLE="font-size: 9pt">Class A Common Shares, no par value </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><FONT STYLE="font-size: 10pt">1,189,500 </FONT><FONT STYLE="font-size: 9pt">Shares</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 9pt">$1.60</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 9pt">$1,903,200</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 9pt">$207.64</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>The Class A Common Shares, no par value per share (the &ldquo;Class A Common Shares&rdquo;), of Gold Reserve Inc. being registered
hereby relate to the Gold Reserve Inc. 2012 Equity Incentive Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h) promulgated under the Securities
Act on the basis of the average of the high and low per share prices of the Class A Common Shares on October 1, 2021, as quoted on the
OTCQX.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>IMPORTANT NOTICE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="text-transform: uppercase">THESE
SECURITIES ARE BEING OFFERED TO INVESTORS IN THE UNITED STATES OF AMERICA, OTHER THAN IN THE STATES OF MONTANA, NEW HAMPSHIRE AND NORTH
DAKOTA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>REGISTRATION OF ADDITIONAL SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -22.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This registration statement on
Form S-8 (this &ldquo;Registration Statement&rdquo;) is being filed by Gold Reserve Inc. (the &ldquo;Registrant&rdquo;) for the purpose
of registering an additional 1,189,500 Class A Common Shares for issuance under the Gold Reserve Inc. 2012 Equity Incentive Plan, as amended
(the &ldquo;Plan&rdquo;). Pursuant to General Instruction E to Form S-8, the contents of the Registrant&rsquo;s Form S-8 registration
statements (and amendments thereto) previously filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) with respect
to the Plan on May 13, 2013 (Reg. Nos. 333-188574), July 7, 2014 (Reg. Nos. 333-197282), September 22, 2014 (Reg No. 333-197282), September
22, 2014 (Reg No. 333-188574) and November 23, 2016 (Reg No. 333-214789) are herein incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: center; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: center; text-indent: -0.5in"><B>PART I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.75in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The documents containing the information specified in Part&nbsp;I of this Registration Statement on Form S-8 will<B>&nbsp;</B>be sent
or given to the participants in the Plan as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the &ldquo;Securities
Act&rdquo;).&nbsp; In accordance with the instructions to Part&nbsp;I of this Registration Statement on Form S-8, such documents will
not be filed with the Commission. These documents and the documents incorporated by reference pursuant to Item&nbsp;3 of Part&nbsp;II
of this Registration Statement on Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the
Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Item 3.&nbsp;&nbsp; Incorporation of Documents
by Reference.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following documents filed by the Registrant with
the Commission are hereby incorporated by reference into this Registration Statement on Form S-8:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<UL STYLE="margin-top: 0in; list-style-type: disc">

<LI STYLE="margin: 0 0 3pt; font-size: 10pt">the Registrant&rsquo;s Annual Report on Form 40-F, for the year ended December 31, 2020,
filed with the Commission on April 8, 2021;</LI>

<LI STYLE="margin: 0 0 3pt; font-size: 10pt">the description of Share Capital set forth in the Registrant&rsquo;s report on Form 6-K filed
with the Commission on September 19, 2014 including any subsequent amendment or any report filed for the purpose of updating such description;
and</LI>

<LI STYLE="margin: 0; font-size: 10pt">all other reports filed pursuant to Section 13(a) or 15(d) of the&nbsp;Securities Exchange Act
of 1934, as amended (the &ldquo;Exchange Act&rdquo;)&nbsp;(except that any portions thereof which are furnished and not filed shall not
be deemed incorporated)&nbsp;since the end of the fiscal year covered by the Form 40-F mentioned above.</LI>

</UL>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">All other documents subsequently
filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (except that any portions thereof which are
furnished and not filed shall not be deemed incorporated), after the date of this Registration Statement and prior to the filing of a
post&#45;effective amendment to this Registration Statement on Form S-8, which indicates that all securities offered hereunder have been
sold or which deregisters all Class A Common Shares then remaining unsold, shall be deemed to be incorporated herein by reference and
to be a part hereof from the date of filing of such documents. To the extent designated therein, any reports on Form 6-K furnished to
the Commission shall be deemed to be incorporated by reference in this Registration Statement from the date that such reports are furnished
to the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which is also or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Item 8.&nbsp;&nbsp; Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The following are filed as exhibits to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0"><B>Exhibit</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid"><B>Number&#9;Description</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 2pt 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.1*</TD><TD>Amended and Restated 2012 Equity Incentive Plan (effective May 18, 2021)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.2</TD><TD>Articles of Continuance (which are deemed to be the Articles of Incorporation of the Registrant upon the Continuance under the Alberta
Business Corporations Act), incorporated by reference to Exhibit 99.1 to Gold Reserve&rsquo;s Current Report filed with the Commission
on Form 6-K (File No. 001-31819) on September 19, 2014</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0 0.5in; text-indent: -0.5in">&#9;4.3&#9;Certificate of Amendment and
Registration of Restated Articles of Incorporation of the Registrant, incorporated by reference to Exhibit 99.1 and 99.2 to Gold Reserve&rsquo;s
Current Report filed with the Commission on Form 6-K (File No. 001-31819) on June 20, 2019&#9;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.4</TD><TD>By-law No. 1, incorporated by reference to Exhibit 99.2 to Gold Reserve&rsquo;s Current Report filed with the Commission on Form 6-K
(File No. 001-31819) on September 19, 2014</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.5</TD><TD>Form of Certificate for the Class A Common Shares, incorporated by reference to Exhibit 99.3 to Gold Reserve&rsquo;s Current Report
filed with the Commission on Form 6-K (File No. 001-31819) on September 19, 2014</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.6</TD><TD>Form of Notice of Grant of Stock Options and Option Agreement under the Gold Reserve Inc. 2012 Equity Incentive Plan incorporated
by reference to Exhibit 4.5 of the Registrant&rsquo;s Registration Statement on Form S-8 (Registration No. 333-188574) filed with the
Commission on May 13, 2013</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1*</TD><TD>Opinion of Norton Rose Fulbright Canada LLP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.1*</TD><TD>Consent of Norton Rose Fulbright Canada LLP (see Exhibit 5.1)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.2*</TD><TD>Consent of PricewaterhouseCoopers LLP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 2pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">24.1*</TD><TD>Power of Attorney (included on the signature page of this Registration Statement)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Filed herewith</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Spokane,
State of Washington, on October 4, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">GOLD RESERVE INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Rockne J. Timm</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">ROCKNE J. TIMM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Chief Executive Officer (Principal
Executive Officer) and Director</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Each person whose signature appears below appoints
Rockne J. Timm and A. Douglas Belanger as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments)
to this Registration Statement, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with
the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he might or would do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents or any of them or their or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities Act,
this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Signature&#9;Title&#9;Date</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Rockne J. Timm </U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">ROCKNE J. TIMM</P></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer (Principal Executive Officer) and Director</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Robert A. McGuinness </U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">ROBERT A. McGUINNESS</P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Vice President Finance and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer (Principal Financial and Accounting Officer)</P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.9pt 0 0"><U>/s/ A. Douglas Belanger</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">A. DOUGLAS BELANGER</P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">President and Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ James H. Coleman</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">JAMES H. COLEMAN</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Executive Director and Chairman of the Board</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Robert A. Cohen</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">ROBERT A. COHEN</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Yves M. Gagnon</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">YVES M. GAGNON</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ James P. Geyer </U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">JAMES P. GEYER</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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  <TR>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ James Michael Johnston</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">JAMES MICHAEL JOHNSTON</P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of Section 6(a) of the
Securities Act of 1933, this Registration Statement has been signed by the following person solely in the capacity of the duly authorized
representative of Gold Reserve Inc. in the United States on the date indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0"><U>/s/ David P. Onzay</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DAVID P. ONZAY</P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Authorized Representative in the United States</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October 4, 2021</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


</BODY>
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[{"type": "S-8", "sequence": "1", "filename": "gdrzfforms8100421.htm", "description": "GOLD RESERVE FORM S-8", "secsgml_size_bytes": 37748}]
{"company-data": {"conformed-name": "GOLD RESERVE INC", "cik": "0001072725", "assigned-sic": "1040", "irs-number": "810266636", "state-of-incorporation": "A0", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-260013", "film-number": "211303112"}, "business-address": {"street1": "999 W. RIVERSIDE AVENUE", "street2": "SUITE 401", "city": "SPOKANE", "state": "WA", "zip": "99201", "phone": "5096231500"}, "mail-address": {"street1": "999 W. RIVERSIDE AVENUE", "street2": "SUITE 401", "city": "SPOKANE", "state": "WA", "zip": "99201"}}
As filed with the Securities and Exchange Commission
on October 4, 2021
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________
FORM S-8
___________________________
REGISTRATION STATEMENT UNDER THE SECURITIES ACT
OF 1933
GOLD RESERVE INC.
(Exact name of registrant as specified in
its charter)
Canada	N/A
(State or other jurisdiction of incorporation or organization)	(I.R.S.
Employer Identification No.)
999 West Riverside Avenue, Suite 401, Spokane, Washington
99201
(Address of principal executive offices)(Zip Code)
GOLD RESERVE INC. 2012 EQUITY INCENTIVE PLAN
(Full title of the plan)
ROCKNE J. TIMM
999 West Riverside Avenue, Suite 401, Spokane, Washington
99201
(509) 623-1500
(Name, address and telephone number, including
area code, of agent for service)
with a copy to:
JONATHAN B. NEWTON
King & Spalding LLP
1100 Louisiana, Suite 4100, Houston, Texas 77002
(713) 751-3200
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
"large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth
company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☑
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
☐
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
maximum
maximum
Amount of
Title of each class of
Amount to be
offering price
aggregate
registration
securities to be registered(1)
registered
per share(2)
offering price(2)
fee
Class A Common Shares, no par value
1,189,500
Shares
$1.60
$1,903,200
$207.64
(1)
The Class A Common Shares, no par value per share (the "Class A Common Shares"), of Gold Reserve Inc. being registered
hereby relate to the Gold Reserve Inc. 2012 Equity Incentive Plan.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h) promulgated under the Securities
Act on the basis of the average of the high and low per share prices of the Class A Common Shares on October 1, 2021, as quoted on the
OTCQX.
IMPORTANT NOTICE
THESE
SECURITIES ARE BEING OFFERED TO INVESTORS IN THE UNITED STATES OF AMERICA, OTHER THAN IN THE STATES OF MONTANA, NEW HAMPSHIRE AND NORTH
DAKOTA.
REGISTRATION OF ADDITIONAL SECURITIES
This registration statement on
Form S-8 (this "Registration Statement") is being filed by Gold Reserve Inc. (the "Registrant") for the purpose
of registering an additional 1,189,500 Class A Common Shares for issuance under the Gold Reserve Inc. 2012 Equity Incentive Plan, as amended
(the "Plan"). Pursuant to General Instruction E to Form S-8, the contents of the Registrant's Form S-8 registration
statements (and amendments thereto) previously filed with the Securities and Exchange Commission (the "Commission") with respect
to the Plan on May 13, 2013 (Reg. Nos. 333-188574), July 7, 2014 (Reg. Nos. 333-197282), September 22, 2014 (Reg No. 333-197282), September
22, 2014 (Reg No. 333-188574) and November 23, 2016 (Reg No. 333-214789) are herein incorporated by reference.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I of this Registration Statement on Form S-8 will
be sent
or given to the participants in the Plan as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities
Act").  In accordance with the instructions to Part I of this Registration Statement on Form S-8, such documents will
not be filed with the Commission. These documents and the documents incorporated by reference pursuant to Item 3 of Part II
of this Registration Statement on Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the
Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.   Incorporation of Documents
by Reference.
The following documents filed by the Registrant with
the Commission are hereby incorporated by reference into this Registration Statement on Form S-8:
the Registrant's Annual Report on Form 40-F, for the year ended December 31, 2020,
filed with the Commission on April 8, 2021;
the description of Share Capital set forth in the Registrant's report on Form 6-K filed
with the Commission on September 19, 2014 including any subsequent amendment or any report filed for the purpose of updating such description;
and
all other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act
of 1934, as amended (the "Exchange Act") (except that any portions thereof which are furnished and not filed shall not
be deemed incorporated) since the end of the fiscal year covered by the Form 40-F mentioned above.
All other documents subsequently
filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (except that any portions thereof which are
furnished and not filed shall not be deemed incorporated), after the date of this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement on Form S-8, which indicates that all securities offered hereunder have been
sold or which deregisters all Class A Common Shares then remaining unsold, shall be deemed to be incorporated herein by reference and
to be a part hereof from the date of filing of such documents. To the extent designated therein, any reports on Form 6-K furnished to
the Commission shall be deemed to be incorporated by reference in this Registration Statement from the date that such reports are furnished
to the Commission.
Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which is also or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8.   Exhibits.
The following are filed as exhibits to this Registration Statement:
Exhibit
Number	Description
4.1*
Amended and Restated 2012 Equity Incentive Plan (effective May 18, 2021)
4.2
Articles of Continuance (which are deemed to be the Articles of Incorporation of the Registrant upon the Continuance under the Alberta
Business Corporations Act), incorporated by reference to Exhibit 99.1 to Gold Reserve's Current Report filed with the Commission
on Form 6-K (File No. 001-31819) on September 19, 2014
4.3	Certificate of Amendment and
Registration of Restated Articles of Incorporation of the Registrant, incorporated by reference to Exhibit 99.1 and 99.2 to Gold Reserve's
Current Report filed with the Commission on Form 6-K (File No. 001-31819) on June 20, 2019
4.4
By-law No. 1, incorporated by reference to Exhibit 99.2 to Gold Reserve's Current Report filed with the Commission on Form 6-K
(File No. 001-31819) on September 19, 2014
4.5
Form of Certificate for the Class A Common Shares, incorporated by reference to Exhibit 99.3 to Gold Reserve's Current Report
filed with the Commission on Form 6-K (File No. 001-31819) on September 19, 2014
4.6
Form of Notice of Grant of Stock Options and Option Agreement under the Gold Reserve Inc. 2012 Equity Incentive Plan incorporated
by reference to Exhibit 4.5 of the Registrant's Registration Statement on Form S-8 (Registration No. 333-188574) filed with the
Commission on May 13, 2013
5.1*
Opinion of Norton Rose Fulbright Canada LLP
23.1*
Consent of Norton Rose Fulbright Canada LLP (see Exhibit 5.1)
23.2*
Consent of PricewaterhouseCoopers LLP
24.1*
Power of Attorney (included on the signature page of this Registration Statement)
_______________
* Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Spokane,
State of Washington, on October 4, 2021.
GOLD RESERVE INC.
By:
/s/ Rockne J. Timm
ROCKNE J. TIMM
Chief Executive Officer (Principal
Executive Officer) and Director
POWER OF ATTORNEY
Each person whose signature appears below appoints
Rockne J. Timm and A. Douglas Belanger as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments)
to this Registration Statement, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with
the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he might or would do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents or any of them or their or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.
Pursuant to the requirements of the Securities Act,
this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature	Title	Date
/s/ Rockne J. Timm
ROCKNE J. TIMM
Chief Executive Officer (Principal Executive Officer) and Director
October 4, 2021
/s/ Robert A. McGuinness
ROBERT A. McGUINNESS
Vice President Finance and
Chief Financial Officer (Principal Financial and Accounting Officer)
October 4, 2021
/s/ A. Douglas Belanger
A. DOUGLAS BELANGER
President and Director
October 4, 2021
/s/ James H. Coleman
JAMES H. COLEMAN
Executive Director and Chairman of the Board
October 4, 2021
/s/ Robert A. Cohen
ROBERT A. COHEN
Director
October 4, 2021
/s/ Yves M. Gagnon
YVES M. GAGNON
Director
October 4, 2021
/s/ James P. Geyer
JAMES P. GEYER
Director
October 4, 2021
/s/ James Michael Johnston
JAMES MICHAEL JOHNSTON
Director
October 4, 2021
SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT
Pursuant to the requirements of Section 6(a) of the
Securities Act of 1933, this Registration Statement has been signed by the following person solely in the capacity of the duly authorized
representative of Gold Reserve Inc. in the United States on the date indicated.
/s/ David P. Onzay
DAVID P. ONZAY
Authorized Representative in the United States
October 4, 2021