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Crystallex Continues Listing on the Toronto Stock Exchange

4/24/2003


Toronto, Ontario - Crystallex International Corporation (TSX, AMEX: KRY) today reported that representatives of the Company met with representatives of the Toronto Stock Exchange on April 17, 2003 to discuss the TSX's requirements for continued listing.

As a result of the discussions, the TSX has decided that the shares of Crystallex will continue to be listed and traded on the Toronto Stock Exchange; however, the TSX has decided to extend the suspension review period for 60 days during which period Crystallex will be required to meet the following conditions in order for the review extension to be considered for removal:

  • Provide TSX with a copy of the Company's written disclosure policy and processes;
  • Constitute a disclosure committee with members acceptable to the TSX;
  • Provide TSX with minutes of all board meetings for the past year; and
  • Provide TSX with minutes to all audit committee meetings for the past year.

Upon review of these documents the TSX will determine whether to terminate the suspension review or continue with suspension proceedings.

 "Crystallex expects to promptly and thoroughly comply with the conditions of the Exchange. We appreciate the Exchanges concerns and will ensure that all future filings and disclosure are in full compliance with regulatory requirements," said Borden Rosiak, Chief Financial Officer of Crystallex.

About Crystallex
Crystallex International Corporation is a Canadian based gold producer with operations and exploration properties in Venezuela and Uruguay. Crystallex shares are traded on the TSX and AMEX Exchanges. Crystallex has been focused on strategic growth in South America and recently signed a definitive agreement with respect to the Las Cristinas mining properties in Venezuela and has taken possession of those properties. Crystallex is currently working on the final feasibility study to support its development plans for Las Cristinas.

For further information:
Investor Relations: A Richard Marshall, VP (800) 738-1577
Internet address: http://www.crystallex.com
Email us at: info@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.

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