Crystallex International Corporation (VSE: KRY) announced today that its common stock began trading on the Toronto Stock Exchange.

''We are pleased to be included on the Toronto Stock Exchange'' stated Mr. Marc J. Oppenheimer, President and CEO of Crystallex International Corporation. Mr. Oppenheimer added, ''This signifies the growth and maturing of the Company and acknowledges our positioning with a peer group of growth oriented companies.''

He continued, ''With the recent institutional financing of C$21 million completed in June 1996, the modifications to the mill have been completed, although several months behind our desired schedule.'' The Company now anticipates that the mill on Albino, located adjacent to Placer Dome's (PDG) Las Cristinas property and Gold Reserve's (GLDR) Brisas del Cuyani concession, which together contain in excess of 20 million ounces of gold, will be capable of operating at a throughput rate in excess of 300 tons per day as compared to an operating average of 140 tons per day previously achieved. The Company produced 16,391 ounces of gold in 1995 with cash costs of production of approximately US$123 per ounce. Given the delays in completing the mill modifications, the Company will not achieve its production goal for 1996, but feels that the adjustments and modifications made were a necessary investment towards future production from our open pit and anticipated underground mining.

A minimum 40,000 foot diamond drill program began in late July, and the Company currently has two drill rigs operating 20 hours per day, seven days per week. To date, 24 holes have been completed, all encountering shear zone mineralization. Prior to month's end, an updated drill program progress report will be released. Drilling on the property has outlined a 2000 foot long shear zone, open in both directions, which contains two high grade ore shoots (La Conductora and Aguao 2), with grades ranging from the 0.10 oz/ton gold to over 1.00 oz/ton gold over economic widths. The La Conductora ore shoot which the Company has been mining, has average grades exceeding 0.35 oz/ton gold, over widths in the 10 to 50 foot range. This high grade zone has been traced by diamond drilling to a vertical depth of over 700 feet. Mineralization in the La Conductors and Aguao 2 systems is open at depth. As part of the ongoing exploration program, the Company is also undertaking a mechanized trenching program to outline zones of bulk-tonnage, low-grade mineralization, as well as the continuation of the diamond drilling to establish the extensions of the high grade shear systems. Many of these targets will be drill tested prior to year end.

Crystallex International Corporation is a gold mining and exploration company. The Company's Albino mine is the first foreign-owned gold mine operating in the Kilometre 88 region of Venezuela. Part of the Company's growth strategy is to develop its portfolio of properties in Venezuela as well as to diversify geographically by investing in production or near production projects and by exploring properties of merit in other areas of the world.

On Behalf of the Board,

"Marc J, Oppenheimer"

Marc J, Oppenheimer, President & CEO

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