Crystallex International Corporation (AMEX, TSX: KRY) (“Crystallex”) announced today that it has completed its previously announced equity financing of 10,125,000 Units of Crystallex at a price of Cdn$3.20 per Unit for gross proceeds of Cdn$32,400,000.  Each Unit is comprised of one common share of Crystallex and one-half of one common share purchase warrant.  Each whole common share purchase warrant will entitle the holder to purchase one common share at a price of Cdn$4.25 for a period of 18 months following the closing date of the offering.

Crystallex plans to use the net proceeds from the financing to develop the Las Cristinas Project including both expenditures under the Engineering, Procurement and Construction Management contract and ongoing administrative expenses such as site security, legal and consulting fees, ongoing camp costs and community projects, to repay a portion of existing indebtedness and for general corporate purposes.

This press release is not an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.  The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements.

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

For Further Information:
Investor Relations Contact: A. Richard Marshall, VP at (800) 738-1577
Email us at: info@crystallex.com