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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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Message: We're not gonna see KRY file in ISCID

We're not gonna see KRY file in ISCID

posted on May 28, 2009 09:13AM

anytime soon. As long as Fung and our people continue to meet with and have dialogue with various government officials at numerous levels of government in Venezuela, we're not gonna file for International Arbitration. One of three things is going to happen:

1. We get the permit. Life is great.

2. Venezuela says they don't want to play ball with us. Here's 2 billion dollars, now go away. Life is great.

3. We file for international arbitration and get a favourable decision. Life is great.

Number 1. and 2. are the preferred options as far as the Company is concerned, therefore number 3. will happen only when the chances for 1. and 2. have been exhausted. We are not at that stage.

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