Crystallex International Corporation (Toronto: KRY) today announced that it has expanded its management team with the appointment of Dr. Sadek El-Alfy to the post of Vice President of Operations. Further it disclosed that it intends to seek a listing on a U.S. stock exchange in early 1997, in addition to its current Toronto Stock Exchange listing.

''We feel that the addition of a listing on a U.S. stock exchange, such as the American or Nasdaq market, would enhance our value to our shareholders, providing both liquidity and added visibility going forward,'' said Mr. Marc J. Oppenheimer, the President and CEO of Crystallex. He continued, ''We intend to maintain our listing on the Toronto Stock Exchange, but we have dropped our Vancouver listing in anticipation of a listing on a U.S. exchange.'' The Company is current in its 2OF filings with the U.S. Securities and Exchange Commission, which are required for the listing of foreign corporations on a U.S. exchange.

In regard to the further expansion of the management team, Mr. Oppenheimer stated, ''We have stated openly that we intend to move aggressively in growing our Company in both reserves and production. The addition of Dr. El-Alfy further demonstrates our commitment to these goals. His operational experience will be key to the efficient operation and growth of our Albino mine in Venezuela, as well as other producing projects we are contemplating for potential acquisition candidates.

Dr. Sadek El-Alfy has more than 20 years of experience in mine management and operation, most recently working for Royal Oak Mines Inc., where he was Vice President of Operations for the past 18 months. Dr. El-Alfy has a degree in mining engineering from the Royal School of Mines in England and received his Doctorate from the University of London. He is a member of several professional associations including the Institute of Mining and Metallurgy, London, England and both the Canadian and American Institutes of Mining, Metallurgy and Petroleum.

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. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing 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.