C#

using (Bitmap myBitmap = new Bitmap(@"C:\...\GaugeTime.gif"))
{
  using (MemoryStream ms = new MemoryStream())
  {
    myBitmap.Save(ms, ImageFormat.Bmp);
    ms.Seek(0, SeekOrigin.Begin);
    using (Bitmap newBitmap = new Bitmap(ms))
    {
      using (Graphics g = Graphics.FromImage(newBitmap))
      {
        // Draw in your image and save it to a new file or something.
      }
    }
  }
}

using (Bitmap bmp = new Bitmap(32, 32))
{
  // ...
}
// Compiles to...
Bitmap bmp = new Bitmap(32, 32);
try
{
  // ...
}
finally
{
  if (bmp != null) bmp.Dispose();
}