Friday, May 30, 2008

Crystallex Updates Shareholders on Las Cristinas

CRYSTALLEX INTERNATIONAL CORPORATION advised shareholders today that it has received a communication from the Director General in the Administrative Office of Permits at the Ministry of the Environment and Natural Resources of Venezuela ('MinAmb') that the legal rebuttal filed by Crystallex on May 12, 2008 has been denied. The communication expressly advises that Crystallex has the right to appeal to the Minister of MinAmb within fifteen business days from the date of the Director General's communication. Crystallex has instructed its legal counsel to prepare an appeal to the Minister. Crystallex has a number of legal avenues to pursue both in and out of Venezuela in order to protect its Shareholders' rights.

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