Crystallex International Corporation (Amex: KRY, Toronto) wishes to respond to reports that the Admission Chamber of the Political and Administrative Chamber of the Venezuelan Supreme Court has refused to admit an action that seeks to nullify the joint venture agreement previously entered into between Corporacion Venezolana de Guayana and Minca, a Venezuelan joint venture in which Placer Dome has been a participant. On August 4th, 1999 Crystallex initiated legal proceedings on a number of fronts before the Venezuelan courts. This particular decision questions whether Minera Albino, the Crystallex subsidiary which owns a concession adjoining the Cristinas concessions, has a sufficient connection to the joint venture to commence the action. Crystallex has reviewed the decision with its Venezuelan counsel and the decision is already under appeal. The action filed by Minera Albino did not deal with the ownership of the Cristinas 4 & 6 concessions, nor does this particular decision address the validity of the joint venture agreement. Consequently the company does not consider this a legal set back. Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing or near- production projects and by exploring properties of merit in other areas of the world. 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. To receive previous Company releases: 800-758-5804, ext. 114620. To receive press releases via e-mail contact the company at: info@crystallex.com . ots Original Text Service: Crystallex International Corporation Internet: http://www.newsaktuell.de Contact: A. Richard Marshall, VP, 201-541-6650, ext.26, or Andrea Boltz, 604-683-0672, ext. 1, both of Crystallex International Corporation Company News On-Call: http://www.prnewswire.com/comp/114620.html or fax, 800-758-5804, ext. 114620 Web site: http://www.crystallex.com