For Immediate Release

TORONTO, ONTARIO, July 19, 2006 – Crystallex International Corporation (the “Company”) (TSX:  KRY) (AMEX:  KRY) announced today that it has received US$6.04 million from the early exercise of warrants.  The proceeds will be used for general working capital purposes.

On June 29, 2006 Crystallex announced that it had agreed to amend the terms of 2,197,727 unlisted common share purchase warrants (the “Warrants”) held by an arm’s-length holder in the United States. Each Warrant entitled the holder to acquire one common share in the capital of Crystallex at an exercise price of US$2.75 per share until September 15, 2006. The amendment to the Warrants was subject to receipt of all necessary regulatory and stock exchange approvals.

Pursuant to the terms of the amendment to the Warrants and their subsequent exercise, the Company has issued approximately 0.398 new common share purchase warrants (the “New Warrants”) in exchange for each Warrant exercised, for an aggregate of 875,000 New Warrants. Each New Warrant issued entitles the holder to acquire one common share in the capital of the Company at an exercise price of US$4.00 per share until July 14, 2008. The exercise price of the New Warrants represents approximately a 45% premium to the closing price of the common shares of the Corporation on the American Stock Exchange on June 28, 2006. 

About Crystallex
Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. The Company’s principal asset is its interest in the Las Cristinas property in Bolivar State that is currently under development.  Other assets include the Tomi Mine, certain Lo Increible properties and the Revemin Mill.  Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY).

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