VANCOUVER, May 30, 2000 - CRYSTALLEX INTERNATIONAL CORPORATION (symbol KRY on T.S.E. and Amex) today reported that net income for the first quarter ended March 31, 2000, was C$1,203,454 or C$0.03 per share (C$0.02 per share fully diluted), on revenue of C$7,950,378. This compares to first quarter 1999 net income of C$1,480,957 or C$0.04 per share (C$0.02 per share fully diluted), on revenue of C$8,984,983.

Operating expenses were C$6,229,768, up 8.2 percent from C$5,760,193, reported in the prior year's first quarter. Operating revenue for the first quarter 2000, reflects the planned annual shutdown of the San Gregorio mine which was extended by an additional two weeks in this year's first quarter. This planned shutdown allowed most of the mine's workforce to take their annual vacations, virtually eliminating the need for vacation replacements throughout the remainder of the year. The mine shutdown, while decreasing operating costs, also provided the opportunity to reduce the mine's stockpile of lower grade ore by an additional 50,000 tonnes.

Even with the extended mine shutdown and processing of lower grade ore, gold production for the first quarter 2000, was 18,006 ounces, at a cost of approximately $210 per ounce. This compares to 20,000 ounces in the prior year's first quarter at a cost of $207 per ounce. Gold shipped was 17,263 ounces compared to 19,303 ounces in first quarter 1999.

During the quarter, the Company implemented an oxygenation project at the San Gregorio mine, aimed at accelerating the dissolution of gold in cyanide by increasing the level of dissolved oxygen in the leach tanks. By April 2000, the project had increased gold recovery to 94% from 92.5% during 1999. This is a significant improvement and the current plan calls for a sustained recovery at the 94% level.

Improvements in the sag mill circuit to increase mill throughput also yielded good results. The average mill throughput in March 2000, increased to 3,159 tonnes per day, compared to an average of 2,900 tonnes per day in 1999.

Commenting on the Company's fifth consecutive profitable quarter, Crystallex President and Chief Executive Officer, Marc J. Oppenheimer, said, "What we have done at San Gregorio demonstrates our ability to execute one part of our strategy. The oxygenation project and the improvements in the mill will help us maintain a low cost of production and allow us to economically process more of the lower grade material that exists around the main pit, thus extending the mine's life. While doing this, we addressed another part of our strategy, by signing a letter of intent to purchase all of the Venezuelan assets of Bolivar Goldfields, which includes the Tomi mine and Revemin mill. This operation, similar to San Gregorio, offers our mining and exploration team the opportunity to apply their vast experience and proven techniques to yet another high potential project," Mr. Oppenheimer said.

"We are also pleased with the progress made toward asserting our ownership rights to the Cristinas 4 & 6 concessions in Venezuela," Mr. Oppenheimer continued. "During the first quarter, we had some very constructive meetings with officials of the Venezuelan government and believe our frank exchanges of ideas were very productive. Additionally, as previously announced, on May 3, 2000, the Supreme Court of Venezuela handed down a sixty-one page decision in favor of an appeal filed by Inversora Mael, our subsidiary that has been the registered titleholder of the Cristinas 4 & 6 concessions since 1986. In that decision, the Supreme Court asserted, once again, Mael's legal standing in the matter, just as it had in 1991, 1996 and 1997.

We are pleased to have made such good progress in so many areas while maintaining strong financial results. We look forward to the remainder of the year and the many opportunities ahead, Mr. Oppenheimer said."

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.

Financial results for the three and nine months periods are reported in the attached table.