TORONTO - Crystallex International Corporation (KRY on TSX and Amex) announced today that it has named Borden D. Rosiak Chief Financial Officer of the Company. In addition, Robert Crombie has been hired as Vice President-Finance.  

"These important changes in the financial management team add strength and vigor as we enter into a period of accelerated growth," said Marc J. Oppenheimer, President and CEO of Crystallex. "Moving forward, we will rely heavily upon the financial and mining-related experience of Messrs. Rosiak, and Crombie."

"Together they will enable us to make the most of the opportunities presented by our current mining operations as well as the huge opportunity that will unfold with the Company's recent selection by Corporacion Venezolana de Guayana (CVG) to develop the Las Cristinas concessions in Venezuela's Kilometre 88 region," he added.

Borden Rosiak has served in senior financial positions with major companies since 1981.  Prior to joining the Crystallex team, he was Chief Financial Officer of Dorset Partners, a private investment firm. From 1994 until 1999, he was with Newcourt Credit Group, a C$25 billion global financial services company and served as their Chief Financial Officer.  Mr. Rosiak managed the capital structure of the company, including numerous equity offerings,as well as the financial and administrative operations.  He has also served as the Chief Financial Officer of the Toronto 2008 Olympic Bid Committee.  Mr. Rosiak holds a Bachelor-Applied Science degree in Chemical Engineering and a Chartered Accounting degree.

Robert Crombie has more than a decade of mining-related financial experience. From 1999 until 2001, he managed the Canadian mining finance initiatives of  Dresdner Bank in Toronto, and was primarily involved with the origination and structuring of corporate and project-debt facilities.  Until 1999, he was Vice President-Corporate Finance for Chase Manhattan Bank in Toronto.  Reporting to the President of Chase-Canada and to Chase's Head of North American Mining and Metals in New York, he was the principal executive, managing and developing a portfolio of Canadian mining clients. Between 1990 and 1992, he held various positions with Corona Corporation, a Canadian mining company.  Mr. Crombie has a Master of Science degree in Mineral Economics from Penn State and an Honours Bachelor of Commerce degree from Queen's University.

Mr. Rosiak and Mr. Crombie will join Executive Vice President Dan Ross in the Crystallex office in Toronto where the Company will be centering its financial and administrative operations.

On September 6, 2002, Venezuela's state industrial holding company, Corporacion Venezolana de Guayana (CVG) announced that its Directors had approved the signing of an agreement with Crystallex for the development of Las Cristinas, believed to be one of the largest undeveloped gold deposits in Latin America and the world. 

"These new management appointments position Crystallex to move ahead aggressively with the development of Las Cristinas with the Venezuelan government," Mr. Oppenheimer said. "Our work has already begun."

About Crystallex
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, President & CEO

For Further Information:
Contact:  A Richard Marshall, VP at  (201) 541-6650 or Andrea Boltz at (604) 683-0672
To receive previous Company releases:  (800) 758-5804  ext.114620
Visit us on the Internet:  http://www.crystallex.com

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 this release and does not accept responsibility for the adequacy or accuracy of this news release.