Crystallex International Corporation (the ''Company'') is pleased to announce record earnings for fiscal 1995 of $2,062,109 or $0.18 per share on gold sales of $9,366,713.

During 1995, the Company's Albino mill produced 16,391 ounces of gold at a cash cost of approximately US$123.00 per ounce, making the Company one of the world's low cost gold producers. The low cost of production, along with drastically reduced expenses, were the main factors behind the Company's move from a loss position in 1994 to such a strong profit position in 1995. The policy of tightened fiscal control can be seen from the financial summary, where global monthly expenses were reduced by slightly more than $300,000 per month from $672,000 to $370,000 for the period ending December 31, 1994 as compared to December 31, 1995.

With respect to the Company's liquidity and capital resources, the balance sheet has been significantly strengthened with shareholders' equity increasing by 128% from $8.0 million to $18.3 million. As a result of the Company's enhanced operating performance, the Company's working capital position has significantly improved. Additionally, as a result of the acquisition of Eurus Resource Corp., the Company is now the beneficiary of 100% of the cash flow from the Albino concession.

Marc J. Oppenheimer, President and CEO, stated: ''The financial and operating results for fiscal 1995 are extremely gratifying, and reflect the countless hours expended by a first class management team and all our employees. We thank each of our employees for their efforts and look forward to 1996 being another record year for revenues and profits. With the Company's strengthened balance sheet, our positive cash position, higher levels of production at our Albino concession, and the rapidly improving economic and political situation in Venezuela, we are looking forward to accelerating the development of the Albino concession as well as commencing our exploration programs on our other properties. Finally, we must thank all of our shareholders for their patience and support while we improved and strengthened the Company. Our objective is to maximize shareholder value by continuing to improve on our results as well as by demonstrating the significant resource potential of our various properties, Additionally, we will continue to examine other opportunities as they present themselves.''

On Behalf of the Board,

"Marc J, Oppenheimer"

Marc J, Oppenheimer, President & CEO

NOTE: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.