Gold Reserve Inc. is engaged in the business of exploration and development of mining projects and is focused primarily on its most significant asset, the Brisas Project, and to a lesser extent the exploration of its Choco 5 property, both located in Bolivar State, Venezuela. As of December 31, 2008, the Company has no commercial production. The Company's subsidiaries include Great Basin Energies, Inc. (Great Basin) and MGC Ventures Inc. (MGC Ventures).