VANCOUVER - CRYSTALLEX INTERNATIONAL CORPORATION (symbol: KRY on TSE and AMEX) today reaffirmed its determination to protect shareholder value in the face of an orchestrated campaign against the stock price by a self-described short seller, Asensio & Company Inc.

"We want to re-assure shareholders and analysts alike that the company has provided detailed and accurate information on all its operations through numerous public statements and disclosures to the regulatory bodies," said president and chief executive officer Marc J. Oppenheimer. "We stand by our record of full public disclosures and we invite all parties to review these documents at our web page -- http://www.crystallex.com -- for complete background information on our company."

Crystallex has retained the legal firm of Cleary, Gottlieb, Steen & Hamilton to pursue all appropriate legal responses to baseless allegations regarding the company and its directors that are being circulated by Asensio.

"Asensio is creating and exploiting a market disruption that benefits short sellers, of which it is one, by its own admission," Oppenheimer said.

Oppenheimer added that although Asensio quite likely will publish repeated baseless attacks on the company in the coming weeks, Crystallex management has no intention of engaging in debate with Asensio over well-established facts.

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.

Note:

This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Crystallex, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with The Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities.

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