Crystallex Receives Rights to Aggregate Quarry for Las Cristinas
16:15 EST Wednesday, February 15, 2006
TORONTO, ONTARIO--(CCNMatthews - Feb. 15, 2006) - Crystallex International Corporation (TSX:KRY)(AMEX:KRY) confirmed today that it has been granted the rights to explore and develop a quarry for aggregate by the Mining Institute (IAMIB) of Bolivar State, Venezuela. Aggregate is required for the construction of the Las Cristinas Project and the concession is located approximately 1 kilometre from the Las Cristinas Project site.
Todd Bruce, President and CEO of Crystallex commented, "The issuing of the quarry permit is an important step in widening our options to secure aggregate for the Las Cristinas project. Crystallex looks forward to the receipt of the final environmental permit so that construction of the Las Cristinas mine can commence."
About Crystallex
Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. The Company's principal asset is its interest in the Las Cristinas property in Bolivar State that is currently under development. Other assets include the Tomi Mine, certain Lo Increible properties and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY).
NOTE: This Release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Crystallex, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, or results to differ from those reflected in the forward-looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Specific reference is made to "Narrative Description of the Business - Risk Factors" in the Company's Annual Information Form ("AIF"). Forward-looking statements in this release including, without limitation to, statements regarding the expectations and beliefs of management include the following: gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled "Risk Factors" in Crystallex's AIF, annual report, and elsewhere in documents filed from time to time with the Canadian provincial securities regulators, the United States Securities and Exchange Commission ("SEC"), and other regulatory authorities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Crystallex International Corporation
Investor Relations Contact: A. Richard Marshall
VP
(800) 738-1577
info@crystallex.com
www.crystallex.com
The Toronto Stock Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news release.
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