VANCOUVER - CRYSTALLEX INTERNATIONAL CORPORATION (AMEX: KRY; Toronto) today announced that it has entered into an equity line of credit financing, pursuant to which it has completed an initial draw down of US $10 million. The draw down involves a private placement of special warrants. Each special warrant is exercisable for an equal principal amount of convertible notes and a formula determined number of common share purchase warrants having an exercise price equal to 125% of the market price of the common shares at the time of the issuance of the warrants. The notes are convertible into common shares of the Company at a discount to the market price at the time of conversion.

Subject to certain conditions, Crystallex may draw down up to an additional US $20 million over the next year.

Crystallex International Corporation is a gold mining and exploration company. 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

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