NEW YORK, NEW YORK (NYSE: CRZ) announced today that its Annual Meeting of Stockholders, scheduled for Tuesday, June 10, 2008, at 10:00 a.m. EDT, will be available via live audio web cast, which may be accessed at www.crystalriverreit.com.

The Crystal River Annual Stockholder Meeting will be held at the Embassy Suites Hotel, 102 North End Avenue, New York, New York 10282. Holders of record of common stock at the close of business on April 18, 2008 will be entitled to attend and vote.

About Crystal River

Crystal River Capital, Inc. (NYSE: CRZ) is a specialty finance REIT. The Company invests in commercial real estate, real estate loans, and real estate-related securities, such as commercial and residential mortgage-backed securities. For more information, visit www.crystalriverreit.com.

Contacts: Crystal River Capital, Inc. Marion Hayes, Investor Relations (212) 549-8413 Email: mhayes@crystalriverreit.com Website: www.crystalriverreit.com (CRZ-G)

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