Stock Quotes
News
Request Information

Crystallex International Rebuts Acost

3/18/1998


VANCOUVER - CRYSTALLEX INTERNATIONAL CORPORATION (symbol: KRY on TSE and AMEX) made the following statement after today's halt in trading of Crystallex's stock and in response to shareholder inquiries. The trading halt followed the issuance of certain press reports incorrectly attributing to the Government of Venezuela certain statements regarding Crystallex's claims to the Cristinas 4 & 6 concessions.

"We categorically deny the charges made today by Venezuelan congressman Rafael Rodriguez Acosta. Acosta does not speak for the Government of Venezuela. Acosta has become a fixture at North American mining conferences, with varied allegations regarding Crystallex. This latest attack adds nothing new to previous allegations that have never been sustained.

"Crystallex's rights, which are held through Inversora Mael, are currently the subject matter of proceedings before the Supreme Court of Venezuela, Case Number 13551 of the Political Administrative Chamber. Under the Venezuelan Constitution the Supreme Court has the sole and exclusive jurisdiction to determine such matters. Acosta's personal views are irrelevant. Crystallex's application is being considered by the Court in the ordinary course."

Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing or near-production projects and by exploring properties of merit in other areas of the world.

Note:

This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Crystallex, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with The Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Crystallex International Corporation © 2007 |