Gold Reserve Inc. (Gold Reserve) is an exploration-stage company. The Company is engaged in the business of acquiring, exploring and developing mining projects. As of December 31, 2011, the Company had not generated any revenues. The Company�s subsidiaries include Gold Reserve Corporation, Gold Reserve de Barbados Limited, Gold Reserve de Venezuela, CA, Compania Aurifera Brisas del Cuyuni, SA, GR El Choco Limited and GRI Minerales El Choco CA. As of December 31, 2011, the Company had no revenue producing mining operations.