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Gold/Mining/Energy : Crystallex (VSE:KRY)

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To: KC Jones who wrote (41)3/4/1998 12:10:00 PM
From: Bleeker  Read Replies (2) of 60
 
Crystallex reports false information on its Las Cristinas claims.

Investors have been buying shares of Crystallex International
Corporation (AMEX Symbol: KRY) believing that a court decision
pending in Venezuela can effect the title of the Las Cristinas
mining concessions. Specifically, Crystallex claims it has the
rights to "Las Cristinas 4 & 6 gold concessions" and that "the
Supreme Court of Venezuela is currently considering its application
seeking to enforce its ownership rights over" these gold concessions.
Both of these statements are false and untrue.

These false Crystallex statements have led to widespread reports that
a pending Supreme Court decision will force the government to take the
concessions away from its current owners and give them to Crystallex.
There is no truth to these reports, yet Crystallex has not issued a
denial.

In fact, we believe that these reports could not exist without
management's knowledge and full cooperation. It is these false
reports that have caused Crystallex's stock to rise over 250%
during the last seven weeks.

Crystallex's stock promotion is its only source of funding and is
entirely dependent on its fabricated Las Cristinas claim. We believe
that Crystallex has purposely disseminated such false and misleading
information in order to defraud investors.

Crystallex does not and has never had any direct or indirect interest
in Las Cristinas. There is no ongoing legal proceeding or pending
decision in any court that can result in Crystallex having an interest
in Las Cristinas.

There has never been a ruling by any court or other authority that can
be reasonably interpreted to question ownership of the Las Cristinas
concessions. Likewise, there has never been a ruling that created a
possibility that Crystallex ever had, or should ha ve had, an interest
in the Las Cristinas gold concessions. Information to the contrary is
necessarily false and misleading.
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