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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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MOA Terms

posted on Feb 05, 2008 11:57AM

MOA Terms…

- Right to exploit gold for up to 40 years

- Payment of $15 million for use of existing studies and data (paid Sept. 2002)

- Royalty to CVG

1% for gold below $280

1½% from $280 to below $350

2% from $350 to below $400

3% above $400

plus standard 3% royalty to Venezuela

plus applicable corporate tax rate

- Employment & social infrastructure commitments

? The MOA was reviewed and approved for compliance by the Ministry of Basic

Industry and Mines ("MIBAM") in March 2006

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