Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  MIKKELSEN CHRIS D
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2010		 3. Issuer Name and Ticker or Trading Symbol
GOLD RESERVE INC [GRZ]
(Last)
(First)
(Middle)
C/O GOLD RESERVE CORP, 926 W. SPRAGUE AVENUE, SUITE 200		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SPOKANE, WA 99201		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Shares 340,041
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options 09/27/2006 09/27/2011 Class A Common Shares 50,000 $ 4.19 D  
Stock Options 12/04/2007 05/27/2010 Class A Common Shares 13,333 $ 4.834 D  
Stock Options 12/04/2007 11/27/2010 Class A Common Shares 13,333 $ 4.834 D  
Stock Options 12/04/2007 05/27/2011 Class A Common Shares 13,333 $ 4.834 D  
Stock Options   (1) 12/05/2013 Class A Common Shares 53,336 $ 0.29 D  
Stock Options 03/18/2010 03/18/2014 Class A Common Shares 35,000 $ 0.73 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MIKKELSEN CHRIS D
C/O GOLD RESERVE CORP
926 W. SPRAGUE AVENUE, SUITE 200
SPOKANE, WA 99201		   X      

Signatures

Mary E. Smith, Attorney in Fact for Chris D. Mikkelsen 01/06/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) One-third vest upon grant date of December 5, 2008 and the remaining vest annually over a two year period.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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