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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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jimmijazz

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Re: Why Not????? Jimm

in response to

Re: Why Not????? Jimm

midasinvz

posted on Nov 29, 2008 12:57PM

That was all in the last new release so it wouldn't be new. Anyone who read it knows that already. The whole social aspect about us doing everything was sent to Roy to publish so it wouldn't be coming directly from Kry to VZ.

here is there release and at the bottom is RM comments to Roy:

Crystallex Updates Shareholders on Las Cristinas Dialogue

11/28/2008

Download this Press Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 11/28/08 -- Crystallex International Corporation (TSX: KRY)(NYSE-A: KRY) today updated shareholders and stakeholders regarding various matters concerning its business.

Ongoing Dialogue with the Venezuelan Authorities

Crystallex maintains ongoing dialogue and correspondence with Venezuelan ministries and key government officials regarding the Authorization to Affect Natural Resources (the "Permit") for the Las Cristinas Gold Project and the status of its Mine Operating Contract ("MOC"). As part of this interaction, Crystallex filed a writ with the Ministry of Environment and Natural Resources ("MinAmb") on October 24, 2008. This document supplemented Crystallex's prior appeal and requested that the Minister of MinAmb take the Vice-Minister's August 20, 2008 letter into consideration in rendering her decision on the appeal. This August 20, 2008 letter indicated that Crystallex's previous submission on August 4, 2008 complied with government guidelines on environmental and social matters and was viable from a technical perspective.

On November 28, 2008, Crystallex delivered a letter to the Government of Venezuela notifying it of the existence of a dispute between Crystallex and the Bolivarian Republic of Venezuela ("Venezuela") under the Agreement between the Government of Canada and the Government of Venezuela for the Promotion and Protection of Investments (the "Treaty").

It is Crystallex's intention to settle the dispute amicably within six months. If the dispute has not been settled amicably within six months, Crystallex has the option of submitting the dispute to international arbitration. The dispute has arisen out of MinAmb's decision dated April 14, 2008 to deny the Permit and Venezuela's subsequent media statements attributed to the Minister of MIBAM on November 5, 2008 regarding the status of the Project and the MOC.

VHeadline Venezuela News reports: In an e-mailed statement, Crystallex International Corporation (KRY) vice president A. Richard Marshall on Friday afternoon reiterated the company's position with regard to the status of its contract with the Venezuelan Guayana Corporation (CVG) to mine gold at Las Cristinas in southeastern Bolivar State:

The Las Cristinas is a Venezuela Government Project. In 2002 Crystallex was awarded a Mine Operating Contract to build and operate the Las Cristinas Gold Project on behalf of the State. Crystallex has submitted plans that have been reviewed by the National Assembly, the CVG, the MIBAM and the MinAmb.

In the summer of 2007 the MinAmb approved the Environmental Impact Study and requested a Bond and Environmental Tax payment in order to issue the Environmental Permit allowing for the final construction phase. Crystallex posted the Bond and paid the Taxes and the MinAmb certified receipt of both.

The Company is still awaiting the issuance of the Permit to proceed. Through the advancement of the Project we have observed support in Government Agencies, the Governor's office and local communities.

Crystallex has been recognized in Bolivar State for its social programs and was the recipient of the "outstanding Citizen" award in 2004 for its community programs.

We have built housing in the local communities, paved roads, donated school supplies, built water treatment plants for the local communities, built a sewerage network, upgraded the local medical facility and are in the process of completing a sewerage treatment plant and an 10,000 square foot medical facility for the local communities.

We have purchased mining equipment and fabricated many of the large milling items required for the operating of the Las Cristinas Gold Project and are prepared to build and operate the project as outlined in the Mine Operating Contract.

We hope that the Government will focus on the project and clear the path as outlined in the Contract and follow through with the commitments outlined at the time they requested the Bond and Taxes.

Richard Marshall VP Investor Relations Crystallex International Corporation

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