TORONTO, ONTARIO - Shareholders attending the Annual General Meeting of Crystallex International Corporation (TSX, AMEX: KRY) today approved all motions including the appointment of Deloitte & Touche LLP as the company's auditors, the election of the Board of Directors, and the reconfirmation of the Shareholder Rights Plan.

President and CEO Marc J. Oppenheimer told the meeting "Management's current focus is unlocking the value of our 100 percent controlled Las Cristinas project, for our shareholders and stakeholders. We enjoy excellent support from the Venezuelan government and our partner, the CVG.  We're not sitting on our hands, but are driving ahead toward production at Las Cristinas."

"Las Cristinas is one of the more promising large gold projects that I have seen for nearly a decade," Ken Thomas, Crystallex's recently appointed Chief Operating Officer told shareholders and stakeholders.

Based on preliminary results from current and ongoing research and pilot studies being carried out in conjunction with the ongoing feasibility study, Dr. Thomas said Crystallex believes that "the Las Cristinas project has improved characteristics. The total proven and probable reserves have increased from 224 million at 1.33 g/t Au to 243 million tonnes at similar grade; the ounces increased from 9.6 million to 10.1 million. The metallurgical flowsheet, confirmed by the SGS Lakefield test plant, has been simplified to a conventional carbon-in-leach circuit, resulting in an expected total gold recovery of 89%. Preliminary economic projections indicate reduced capital and cash operating costs for the Las Cristinas project. Recovery and cost estimates are subject to confirmation in the SNC-Lavalin feasibility study. The study is expected to be ready for presentation to the Venezuelan government in September 2003.

On June 24, representatives of the Company met with TSX listing officials to discuss the Company's listing status. The TSX is considering the information presented. Pending a decision from the TSX, the listing review period has been extended from July 2 to July 9, 2003.

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 is focused on strategic growth in South America. The Company's principle asset is the Las Cristinas property in Venezuela. A Mining Agreement gives Crystallex 100 percent control of the reserves and resources of this project. Crystallex is currently working on the final feasibility study to support its development plans for Las Cristinas.

For Further Information:
Investor Relations Contact: A. Richard Marshall, VP at (800) 738-1577
Visit us on the Internet:  http://www.crystallex.com
Email us at: info@crystallex.com

Crystallex AGM Corporate Slide Presentation and Comments given today are available on www.crystallex.com under the "What's New" section"

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.

Cautionary Note to Investors - The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically extract or produce. We use certain terms in this news release, such as "resource," "measured resource", "indicated resource" and "inferred resource," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F. Furthermore, reserves have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory authorities.  For United States reporting purposes however, a full feasibility study is required in order to classify mineralization as reserves. Accordingly, until we complete our final feasibility study, we will not report reserves for Las Cristinas for U.S. reporting purposes.

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