13D Filing: Greywolf Capital Management and Gold Reserve Inc (TSE:GRZ)

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(d)
The Investment Manager has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all of the Shares beneficially owned by the Greywolf Funds as reported herein.  The Investment Manager General Partner is the general partner of the Investment Manager.  Savitz is the sole managing member of the Investment Manager General Partner.
(e)
Not applicable.
Savitz
(a),(b)
The information set forth in Rows 7 through 13 of the cover page hereto for Savitz is incorporated herein by reference.
(c)
None.
(d)
The Investment Manager has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all of the Shares beneficially owned by the Greywolf Funds as reported herein.  The Investment Manager General Partner is the general partner of the Investment Manager.  Savitz is the sole managing member of the Investment Manager General Partner.
(e)
Not applicable.
The Shares reported hereby for each of the Greywolf Funds are beneficially owned directly by such Greywolf Fund.  The Investment Manager, as the investment manager to the Greywolf Funds, may be deemed to be the beneficial owner of all such Shares beneficially owned by the Greywolf Funds.  The Investment Manager General Partner, as the general partner of the Investment Manager, may be deemed to be the beneficial owner of all such Shares beneficially owned by the Greywolf Funds.  Savitz, as the sole managing member of the Investment Manager General Partner, may be deemed to be the beneficial owner of all such Shares beneficially owned by the Greywolf Funds.  Each of the Investment Manager, the Investment Manager General Partner and Savitz hereby disclaims any beneficial ownership of any such Shares.
Item 7. Materials to be Filed as Exhibits
There is filed herewith as Exhibit 2 a written agreement relating to the filing of joint acquisition statements as required by Rule 240.13d-1(k) under the Securities Exchange Act of 1934, as amended.
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