rcrowell

Crystallex’s Las Cristinas Contract in Doubt

Mr. Bane,
I have no direct stake in KRY outside of being involved with SNC Lavalin on several projects around the world (ex. Las Cruces Project). My friend has invested heavily in this Stock and he wanted me to evaluate your comments on this matter.

I would like to provide my take on this issue. But first, I should give you my background in the mining arena.

I am a Project Manager on all projects related to mining from my company. I have been involved from the ground-up of Mining Operations with Phelps Dodge, BHP, CODELCO, CRVD, Grupo, Penoles, Frontera, Placer Dome, Constellation Copper, etc. As a recent example, I have been involved in a project with Phelps Dodge called Safford Mine and Leach. This project recently got approved regarding environment issues. The process has taken over 10 years to get the final OK and they will start production in 2008. So, my background lends itself to understanding the approval and development process for a mining project. If requested, I have no problems in providing more detail of my expierences on any mining project.

Based on my perception and discussion with the KRY President and the SNC Lavalin Project Manager for this project (Toronto, Canada), the process of approval is heading towards an environmental approval to build and operate a plant to mine gold. Also, the CEO of KRY is in Venezuela to finalize the environmental approval. From all indications, this will occur in the next couple of weeks. If you currently hold this stock, I would stay with your position. But, if you don't own this stock, I would evaluate all issues before purchasing this stock at this time. Remember for any mine, the environmental approval is the most critical document for most locations involving mining operations.

As for Mr. Banes, he has made comments referring to outdated documentation. For example, the problem with evaluating 2-year old documentation on the Safford Project could have impacted your decission to buy Phelps Dodge Stock. Therefore, Mr. Banes credibility should be tarnish. No matter if he made a mistake or he had an alternative motive, the investor for KRY should not use his information for purchasing this stock. I am interested in his experience in mining operations.

Mr. Banes, I welcome your answer and response on this subject.