Penelope Cruz's Pre-Oscar Press Conference

Gearing up for the biggest night in Tinseltown, Penelope Cruz attended a press conference for her Best Supporting Actress Oscar Nomination in Los Angeles, California on Saturday afternoon (March 6).

Sponsored by Moet & Chandon, the Spanish beauty smiled as she answered questions while showing off her fancy engagement ring from fiance Javier Bardem.

As for Penelope's Oscar bid, she's nominated for her work in the musical "Nine" - facing off against Vera Farmiga, Maggie Gyllenhaal, Anna Kendrick and Mo'Nique.

During the course of her Saturday afternoon, Penelope also spent time alongside the likes of Robert Downey Jr., Charlize Theron, Matt Damon, Jake Gyllenhaal, Kate Winslet, Tom Hanks, Jennifer Lopez and many others for an Academy Awards practice session at the Kodak Theatre.

Celebrity Gossip

Enjoy the pictures of Penelope Cruz at her Oscar press conference (March 6).