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CCAA

Crystallex has obtained an order from the Ontario Superior Court of Justice for protection under the Companies' Creditors Arrangement Act (Canada) (CCAA). The order permits Crystallex to remain in possession and control of its property, carry on its business and retain employees while the Company obtains additional time to pursue its arbitration with the Bolivarian Republic of Venezuela and complete financings in order to enable all its creditors to be paid in full.

Information regarding the proceedings can be accessed via the Ernst & Young website at: www.ey.com/ca/crystallex or by calling the Ernst & Young Hotline at (855) 862-0421 or (416) 943-3484.