EXHIBIT 3.1 UNDERWRITING AGREEMENT May 3, 2006 Gold Reserve Inc. 926 West Sprague Avenue Suite 200 Spokane, Washington 99201 U.S.A. Attention: Mr. Douglas Belanger, President Dear Sirs: Sprott Securities Inc. ("Sprott") and RBC Dominion Securities...Underwriting Agreement • May 3rd, 2006 • Gold Reserve Inc • Gold and silver ores • Ontario
