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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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Message: Response from Andrea (part 2)

Andrea,

Thank you for your response. I should have been more specific with regards to the "resources required to file the arbitration." What happens with the $100,000,000 plus that would be due the bond holders? Do they have to get paid off prior to arbitration and if so by what means. I guess the question is how will Crystallex deal with the bond holders at the time of filing for arbitration and or during arbitration? Thank you again for you time in this matter.

Answer

The Crystallex notes ($100 million) are due December 2011 and will repay the principal at that time. The Company is current with interest payments and plans to remain current through the terms of the notes. The Company does not have any plans to default and will address any issues that may arise with the noteholders if IA is filed.

Regards,

Andrea

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