Message #3 From:
NewsBot Date: May 4, 2005 09:43:04 AM
CYTGF CGC/CPC Operations Update
CGC/CPC Operations Update
VANCOUVER, British Columbia
Crystal Graphite Corporation
Gordon Sales
Toll Free: 1-877-509-8877
gvanboeyen@crystalgraphite.com
www.crystalgraphite.com
Crystal Graphite Corporation ("CGC")(OTCBB:CYTGF) (CNQ:CYTG) announces Canada Pumice Corporation ("CPC") has resumed quarry production and processing of its light weight volcanic aggregates. Sales over the winter months were serviced from inventories that were produced in late fall. Sales and demand for CPC light weight construction aggregate is strong going forward this Spring 2005, an indicator of the very active construction boom taking place in the lower mainland. CPC products have been specified in many upcoming projects, with one large project underway utilizing it's high performance product Tephralite(TM) for a road base job. As well CPC has gained additional market share for its landscape and horticultural/agricultural line in BC, Alberta and Washington State. This spring CPC introduced two new bagged products, Lavascape(TM) and Santa Fe Shale(TM) for the retail homeowner market.
CGC graphite operations continues to market high purity flake graphite from the Black Crystal deposit for use in the production of Bi-polar plates for the fuel cell industry and Redox Battery Systems with significant interest on a global basis. Operations has approximately one year inventory of raw plant feed and processed bagged high purity flake graphite. Research and development for the Phase II capital expansion of the graphite processing plant is underway. CGC is successfully pursuing the marketing of other grades of graphite from China into the North American market that CGC does not produce and expects it will exceed 5 million pounds on an annualized basis during the current year.
Crystal Graphite Corporation is an industrial mineral company operating the Black Crystal Project near Nelson, BC producing high purity flake graphite and its wholly owned subsidiary Canada Pumice Corporation which produces volcanic rock material including pumice and scoria at its Nazko Cone quarry near Quesnel, BC. CGC has established an office in Bejing, Peoples Republic of China and has a Registration Certificate of Foreign Enterprises Permanent Office in China from the State Administration for Industry and Commerce of the Peoples' Republic of China which allows CGC to conduct business in China to enable it overall marketing of graphite and conduct its due diligence process on the Desheng Flake Graphite Project.
This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to prediction, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could" or "might" occur.
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