Crystallex Announces Retirement of Dan Ross as Executive Vice President and Corporate Counsel.TORONTO -- Crystallex International Corporation Crystallex International Corporation (TSX: KRY, AMEX: KRY) is a Canadian corporation engaged in gold mining and exploration. It operates open-pit mines and exploration sites in Venezuela. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :KRY KRY Crystallex International Corporation (stock symbol) ) (AMEX AMEX See: American Stock Exchange :KRY) announced today that Daniel Ross, Executive Vice-President and Corporate Counsel, will leave the Company on December 31, 2005 to become President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the London Health Sciences Foundation near his home in south western Ontario. Mr. Ross will be available to Crystallex as an advisor in certain strategic matters going forward. Mr. Ross's role as corporate counsel within the Company will be taken over by internal and external counsel in Venezuela and Canada, relationships created and cultivated by Mr. Ross during his tenure with Crystallex. Todd Bruce, President and CEO of Crystallex commented, "Dan has been with Crystallex since July, 2001 and has made a significant contribution to the success of the Company. In particular, he has overseen the growth and development of the internal and external legal and administrative resources Administrative resource is the ability of political candidates (and parties) to use their official positions or connections to government institutions to influence the outcome of elections. of the Company, and has been instrumental in creating our governance policies and our processes for compliance in a constantly evolving regulatory environment. Although we are very sorry to see Dan leave, we recognize that his new position, which will allow him to re-establish a normal family life, and continue his involvement in the health care sector where he has long-standing personal commitment and passion, is an opportunity that he could not pass up. Dan dedicated himself to Crystallex during his five year commitment to the Company. We are very pleased that we will continue to have access to Dan on strategic matters and wish him the very best for the future." Mr. Ross added, "Crystallex has moved forward significantly during the past five years and stands poised to continue that progress as it finalizes the permitting process in Venezuela. My decision was made for personal reasons and with some regret. I am confident that the legal and administrative affairs and the future success of the Company remain in good hands." About Crystallex Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. The Company's principal asset is its interest in the Las Cristinas property in Bolivar State that is currently under development. Other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. include the Tomi Mine and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY). The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news re lease. Crystallex International Corporation (AMEX:KRY) (TSX:KRY) |
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