<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001072725</cik>
        <entityName>GOLD RESERVE LTD</entityName>
        <issuerAddress>
            <street1>A.S. Cooper Building, 7th Floor</street1>
            <street2>26 Reid Street</street2>
            <city>Hamilton</city>
            <stateOrCountry>D0</stateOrCountry>
            <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
            <zipCode>HM 11</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(800) 625-9550</issuerPhoneNumber>
        <jurisdictionOfInc>BERMUDA</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>GOLD RESERVE INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>P.</middleName>
                <lastName>Onzay</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>A.</middleName>
                <lastName>Cohen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chairman</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Rivett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CEO, Executive Vice-Chairman</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>Michael</middleName>
                <lastName>Johnston</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Yves</firstName>
                <lastName>Gagnon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>P.</middleName>
                <lastName>Tunkey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>A.</middleName>
                <lastName>Knight</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>C.</middleName>
                <lastName>DeSilva</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>George</firstName>
                <middleName>E.</middleName>
                <lastName>Thomas</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jonathan</firstName>
                <lastName>Howes</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>A.S. Cooper Building, 7th Floor</street1>
                <street2>26 Reid Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2025-07-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Cantor Fitzgerald Canada Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Cantor Fitzgerald &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>134</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>181 University Avenue</street1>
                    <street2>Suite 1500</street2>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
                    <zipCode>M5H 3M7</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>30000250</totalOfferingAmount>
            <totalAmountSold>30000250</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>11</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1215045</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GOLD RESERVE LTD</issuerName>
                <signatureName>David P. Onzay</signatureName>
                <nameOfSigner>David P. Onzay</nameOfSigner>
                <signatureTitle>CFO</signatureTitle>
                <signatureDate>2025-08-07</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
