TORONTO - Crystallex International Corporation (TSX: KRY) (Amex: KRY) announced today that BNP Paribas ("BNPP") has been appointed to provide advisory services to Crystallex in connection with the arrangement of project financing for the development of  the Las Cristinas Project in Bolivar State, Venezuela.

In April 2003, Crystallex engaged the Deutsche Bank Project Finance team, under the supervision of Mr. Jeffrey Stufsky, as project finance advisor for its 100 percent controlled Las Cristinas Project.  Mr. Stufsky recently joined BNPP as Managing Director, Project Finance & Utilities - Mining. The Las Cristinas project finance mandate has now been transferred to and accepted by BNPP. During the transition, Mr. Stufsky and his team remained actively involved in the advisory role.

BNP Paribas is a world class financial institution with assets in excess of US$630 billion and a full range of product and distribution capabilities, including a dedicated group specializing in providing project finance, trade service and derivative capabilities to the Energy and Metals & Mining industries.  The bank's project finance practice ranks in the top 3 among global Lead Arrangers.

Todd Bruce, President and CEO of Crystallex stated, "Crystallex is very pleased to be continuing its relationship with Mr. Stufsky and, at the same time, have the benefit of the world-wide expertise and reputation of BNP Paribas. Jeff has remained actively engaged in the project finance mandate throughout the transition and his recognized expertise and leadership in the industry will be of great value as we move forward to complete project financing arrangements."

About Crystallex
Crystallex International Corporation is a Canadian based gold producer with significant operations and exploration properties in Venezuela. The Company's principal asset is the Las Cristinas property in Bolivar State which is currently under development. Other key assets include the Tomi Mine, the La Victoria Mine and the Revemin Mill. Crystallex shares trade on the TSX and AMEX Exchanges.

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

NOTE: This may include 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 presentation, 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, including but not limited to its annual information form ("AIF") and its annual report on Form 20-F, filed from time to time with the Canadian provincial securities regulators, the United States Securities and Exchange Commission ("SEC"), 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.