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Crystal River Capital to Present at The Sixth Annual JMP Securities Research Conference

Crystal River Capital, Inc. ("Crystal River" or the "Company") (NYSE: CRZ) announced today that Clifford Lai, the Company's President and Chief Executive Officer, will make a presentation at The Sixth Annual JMP Securities Research Conference in San Francisco. The presentation is scheduled to begin at 9:30 a.m. Pacific Time on Tuesday, May 22, 2007 and will be followed by a question and answer session. A link to the live web cast and replay will be available on Crystal River's web site at www.crystalriverreit.com. The web cast will be archived on Crystal River's web site for 90 days.
About Crystal River
Crystal River Capital, Inc. (NYSE: CRZ) is a specialty finance REIT that invests in real estate related securities, such as commercial and residential mortgage-backed securities, commercial real estate, real estate loans and instruments, and other alternative asset classes. The Company focuses on investment opportunities across the entire real estate investment spectrum that are consistent with its goals of generating high current income and long-term capital appreciation. Crystal River commenced operations in 2005, and at year-end 2006 had in excess of $3.7 billion in assets. It is externally managed and advised by subsidiaries of Brookfield Asset Management Inc.
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