Crystallex Comments on Venezuelan Legal Case

Vancouver, British Columbia (PROTEXT) - CrystallexInternational Corporation (Amex: KRY, Toronto) wishes to respondto reports that the Admission Chamber of the Political andAdministrative Chamber of the Venezuelan Supreme Court hasrefused to admit an action that seeks to nullify the jointventure agreement previously entered into between CorporacionVenezolana de Guayana and Minca, a Venezuelan joint venture inwhich Placer Dome has been a participant. On August 4th, 1999Crystallex initiated legal proceedings on a number of frontsbefore the Venezuelan courts. This particular decision questionswhether Minera Albino, the Crystallex subsidiary which owns aconcession adjoining the Cristinas concessions, has a sufficientconnection to the joint venture to commence the action.Crystallex has reviewed the decision with its Venezuelan counseland the decision is already under appeal. The action filed byMinera Albino did not deal with the ownership of the Cristinas 4& 6 concessions, nor does this particular decision address thevalidity of the joint venture agreement. Consequently the companydoes not consider this a legal set back. Crystallex International Corporation is a gold mining andexploration company. The Company's strategy for growth is todevelop its portfolio of properties in South America as well asto diversify geographically by investing in producing or near-production projects and by exploring properties of merit in otherareas of the world. Note: This news release may contain certain "forward-lookingstatements" within the meaning of the United States SecuritiesExchange Act of 1934, as amended. All statements, other thanstatements of historical fact, included in this release,including, without limitation, statements regarding potentialmineralization and reserves, exploration results, and futureplans and objectives of Crystallex, are forward-lookingstatements that involve various risks and uncertainties. Therecan be no assurance that such statements will prove to beaccurate, and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially fromthe Company's expectations are disclosed under the heading "RiskFactors" and elsewhere in documents filed from time to time withThe Toronto Stock Exchange, the United States Securities andExchange Commission and other regulatory authorities. The Toronto Stock Exchange has not reviewed this release anddoes not accept responsibility for the adequacy or accuracy ofthis 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: CrystallexInternational Corporation Internet: http://www.newsaktuell.deContact: A. Richard Marshall, VP, 201-541-6650, ext.26, or AndreaBoltz, 604-683-0672, ext. 1, both of Crystallex InternationalCorporation Company News On-Call:http://www.prnewswire.com/comp/114620.html or fax, 800-758-5804,ext. 114620 Web site: http://www.crystallex.com

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