Vancouver, BC - Crystallex International Corporation (symbol KRY on the TSE and Amex) today reported the assay results from the initial phase of the diamond drill program carried out at the La Victoria deposit during the fall of 2001. Assay results and drill hole locations are shown in the accompanying table and location plan, respectively.

The La Victoria deposit is one of several gold deposits located within the Lo Increible Belt, a brittle-ductile deformation zone that extends over a strike length of over 15 km near the town of El Callao, Bolivar State, Venezuela. Gold mineralization at La Victoria, is hosted by a shallow dipping panel containing several stacked ore-bearing zones characterized by intense silicification, carbonation, sericitization, minor amounts of pyrite and arsenopyrite, and occasionally free gold. Previous resource calculations carried out by MRDI concluded that the La Victoria deposit contains 5.11 million tonnes grading 3.14 g/t Au in the indicated category and 8.63 million tonnes grading 3.19 g/t Au in the inferred category based on a 1.0 g/t Au cut-off. Open pittable probable diluted reserves at La Victoria amount to 3.0 million tonnes grading 3.03 g/t Au based on a gold price of $ 325 gold and a 1.0 g/t Au cutoff.

The Phase 1 drill program was carried out in order to upgrade the reserve and resources contained within the limits of the Intermediate Pit, which is presently being mined by the Company at a rate of 1,500 tonnes per day.  Assay results confirm the continuity of mineralization throughout the entire mineralized panel. They also indicate the presence of a thick and high grade ore shoot located at the southern end of the Intermediate Pit. The high-grade ore shoot is defined by broad mineralized intervals in holes LV01-003 (20.50 metres @ 14.10 g/t Au and 3.5 metres of 6.48 g/t Au) and LV01-013 (17.20 metres of 4.41 g/t Au and 33.10 metres of 8.07 g/t Au).

Crystallex's technical personnel are presently re-calculating resources and reserves within the Intermediate Pit based on the new drill assays. A second phase of drilling aimed at upgrading the reserves of the Ultimate Pit is expected to commence during the second quarter 2002.

Marc J. Oppenheimer, President and C.E.O of Crystallex commented, " Our exploration work at La Victoria, the investment allocated to the future opening of two underground mines and the expansion of our Revemin mill facilities, demonstrate the Company's commitment to playing a positive role in the success of the gold industry in Bolivar State.  Crystallex continues to see itself as an active  'partner in progress' with the Venezuelan mining community, providing opportunities for the people of Bolivar State".

About Crystallex:
Crystallex International Corporation is an emerging intermediate gold mining company. The Company owns or controls a number of strategic properties in South America. Crystallex'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.
 
(Drill result tables and map attached)
 
To view attachment, click here.