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High Grade Zone Discovered at Mineiro Property in Brazil

4/7/1997


VANCOUVER - CRYSTALLEX INTERNATIONAL CORPORATION (T.S.E. symbol: KRY) today announced positive results from the initial surface program carried out at the Mineiro property located in Amapa State, Brazil. The 9600 hectare, Mineiro property is a 65% - 35% joint venture between Crystallex and Delpet Resources Ltd. (Vancouver: DPT) of Vancouver, Canada.

Gold mineralization at Mineiro, which was discovered by B.P. Minerals in the mid 1980s, occurs along a 14 km long shear zone which cuts across metatuffs and quartzites of a greenstone belt sequence of the Guyana shield. B.P.'s work, which included over 6000 m of shallow diamond drilling, was concentrated along a 1 km segment of the shear zone known as Seta target. B.P.'s drilling at this locality defined 2.52 million tonnes averaging 3.61 g/t Au to an average vertical depth of 50 metres.

The Company's initial exploration program, which began in late February, focused on the western extension of the Seta target in a locality known as Mandiocal. At Mandiocal, local miners had excavated a 300 m long pit in sheared and saprolitized metatuffs and subsequently sunk one shallow shaft to intersect mineralization in the hard rock. Systematic chip samples collected by Crystallex geologists along the exposed mineralized zone at the Mandiocal shaft returned values of 123 g/t Au over 0.91 metres and 81.50 g/t Au over 0.70 metres. In addition, grab samples from broken ore returned values as high as 270 g/t Au. Sampling of the wall rocks on either side of the higher grade mineralized zone assayed 1.96 g/t Au over 0.30 metres and 15.23 g/t Au over 0.40 metres. All samples were analysed by Fire Assay/A.A. finish at the Nomos Lab in Rio de Janeiro, reputedly the best assay lab in Brazil. The mineralized zone consists of quartz veinlets and centimetre-scale pyrite bands, flanked by intensely sheared, hydrothermally altered and pyritized metatuffs. Visible gold is commonly found in fractures within the mineralized zone. Based upon the initial sampling, the target at Mandiocal appears to be a 1.0 to 2.0 metre wide zone with average grades in the 1.0 to 2.0 oz/ton gold range.

As a result of the initial evaluation program, future drilling at the Mineiro property will focus on both lower grade open pittable targets as well as high grade shear-hosted deposits. A drill contractor has already been engaged and the initial 2,000 metre drill program is expected to commence before the end of April.

The final closing of the joint venture transaction between Crystallex International Corporation (65%) and Delpet Resources Ltd. (35%) occurred the 4th of April, 1997.

One ounce of gold = 31.1034 grams

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.

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