- **Gold Reserve Ltd.** filed a motion to disqualify the professional advisors (Weil, Gotshal & Manges LLP and Evercore, Inc.), the Special Master, and the district court judge involved in the **Citgo Sale Process**.  **[1072725_ac1d9c7b2cd64a2dbd662d3d92a4eeac_0]** 
- The company's motion is based on **recently discovered information** that Weil has been representing Elliott Management during the sale process, and that Weil and Evercore have ongoing relationships with 2020 Bondholders who stand to benefit from the Elliott Management bid.  **[1072725_ac1d9c7b2cd64a2dbd662d3d92a4eeac_0]** 
- Gold Reserve also requested a **temporary stay of all decisions** concerning bids in the Sale Process pending the resolution of its disqualification motion.  **[1072725_ac1d9c7b2cd64a2dbd662d3d92a4eeac_0]** 
- The **Venezuela Parties** (Bolivarian Republic of Venezuela, PDVSA, PDVH, and Citgo Petroleum) also filed a motion to disqualify the Special Master, Weil, and Evercore.  **[1072725_ac1d9c7b2cd64a2dbd662d3d92a4eeac_0]** 
- Opening post-Sale Hearing briefs were submitted by the parties on **October 8, 2025**.  **[1072725_ac1d9c7b2cd64a2dbd662d3d92a4eeac_0]**

GOLD RESERVE (GDRZF)