Thank you for your email inquiry Mr. Hrabowsky.



At this stage and based on current market conditions and tight financing/credit markets, the Company has reduced and frozen non-essential expenditures which certainly impacts the IR function. We are not in a cash crunch but find it prudent to reduce burn rates extending the Company’s viability. The Company will be attending an upcoming investment conference later this month as commitments and budget arrangements were made many months ago and find the conference useful to meet and update new and existing investors.

With respect to disclosure regarding the status of Las Cristinas and the pursuit of the Permit, Crystallex has issued 8 news release updates (not including the Financial /quarterly results updates) since the permit denial letter in April 2008. I note that our neighbor Gold Reserve (a publicly traded company on the TSX and Amex) in a similar situation regarding permitting for the Las Brisas Project has issued 3 updates to their shareholders. Crystallex updates shareholders on materials news and also updates shareholders on a quarterly basis with the Financial Statement Filings. Crystallex will be filing its 3rd quarter 2008 results and update around November 15, 2008.



As far as the status of the Permitting process, we believe everything rests in the MinAmb hands. Mr. Fung continues to inform me that the Company is keeping frequent communication (almost on a daily basis) with government agencies at many levels (e.g. the MIBAM, MinAmb, CVG, NA, Administration, Governor’s Office, Embassy etc) and the continued guidance is that the permit should be issued in a matter of time.
Unfortunately there’s absolutely no clarity or explanation as to what the holdup is or what they’re waiting for and looks like we’re just one of many issues awaiting final attention or action form the Ministry.



General market conditions have been horrendous and trying for investors and public companies alike. Even companies with big IR budgets and high profiles have fared poorly. I have pasted below a recent 3 month chart illustrating the Crystallex relative share performance to a number of peers and the XAU index.



The peer chart includes UXG: US Gold (Rob McEwen’s big investment), GSS:
Golden Star (200k annual producer), NSU: Nevsun (Small producer also in final stages of building Eritrean project), GRZ: Gold Reserve (Venezuelan developer), PFC: PetroFalcon (Venezuelan oil & gas producer), RML: Rusoro (Venezuelan producer), NGX: Northgate (200k annual producer), XAU: Gold & Silver Index.









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Our focus remains the delivery of the Permit so that the construction phase can be launched and hopefully valuations will improve with the advancement of the project and measurable performance during construction verses the constant wait or on hold during the permitting process.



Regards,



Richard Marshall