Crystallex Reports Noteholder Claim Dismissed

December 17, 2009: 10:31 AM ET
Crystallex International Corporation (TSX: KRY) (NYSE Amex: KRY) reported today that Justice Newbould of the Ontario Superior Court has dismissed all of the noteholders' claims against Crystallex and ordered the noteholders to pay Crystallex its costs. In detailed reasons released late on December 16, 2009, Justice Newbould held that Crystallex has acted reasonably and in accordance with its obligations to the noteholders. The noteholders have 30 days to consider whether they wish to appeal Justice Newbould's decision to the Ontario Court of Appeal. Crystallex is of the opinion that if an appeal were launched, Justice Newbould's decision would be upheld.