Crystallex Reports Continued Profitability For the Third Quarter and Nine Months

Vancouver, Canada (PROTEXT) - Crystallex InternationalCorporation (Amex: KRY; Toronto) today announced that the quarterended September 30, 1999 marks its third consecutive profitablequarter in spite of slightly lower gold production due to aplanned five day mill shutdown to accommodate productivityimprovements. Net income for the third quarter ended September 30, 1999 wasC$1,379,060 or C$0.03 per share (basic) on operating revenue ofC$8,322,994. This compares with the 1998 third quarter loss ofC$1,939,985 or C$0.05 per share (basic) on operating revenue ofC$212,878. Total assets increased in the 1999 third quarter tonearly C$110 million compared with C$70 million in the thirdquarter of 1998, and shareholder's equity rose to more than C$76million, versus C$68 million in the comparable year-earlierperiod. For the first nine months ended September 30, 1999 operatingrevenue was C$27,171,978, compared to C$1,766,521 in the year-earlier period. Net income for the first nine months of 1999 wasC$4,915,332 or C$0.13 per share (basic), compared to a loss ofC$6,139,889 or C$0.17 per share for the first nine months of1998. Operating cash flow for the quarter ending September 30,1999 was C$4,079,639 or C$0.09 per share, and for the nine monthsof 1999, operating cash flow was C$13,172,637 or C$0.31 pershare. The average realized price of gold sales for the quarterwas US $ 307 an ounce compared to the average spot price of goldfor the quarter of US $ 259. During the 1999 third quarter, the mill operation at theCompany's San Gregorio mine underwent a planned five-day shutdown while improvements were made to the Sag and Ball Mills. Goldshipped for the third quarter was 17,640 ounces bringing the yearto date shipments of gold from San Gregorio to 58,200 ounces ofgold. The total cash cost per ounce of gold at San Gregorioduring the third quarter was US $ 198. "In addition to continuing our profitability during the thirdquarter, we made progress in other areas as well," commentedCrystallex President and CEO, Marc J. Oppenheimer. "The work wedid on the mill at San Gregorio positions us to increase oursustainable throughput next year." Mr. Oppenheimer continued, "While our primary focus has beenon San Gregorio and the continued profitability of the Company,we have increased our efforts in Venezuela to resolve thecontinuing dispute over the ownership of the Cristinas 4 and 6concessions. In August, we announced that we had launched legalproceedings to enforce the Company's ownership rights in regardto these valuable properties. We are continuing to move forwardour interests on several fronts. If the Cristinas issue isresolved in our favor, we plan to widen our focus in Venezuela toinclude the development of Las Cristinas, in a manner which isintended to consider the interests of all parties includingparticipants and stake holders." 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. Financial results for the three and nine months periods arereported in the following table. 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) 758-5804ext.114620 Visit Crystallex on the Internet:http://www.crystallex.com CRYSTALLEX INTERNATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Expressed in Canadian dollars) (Unaudited - Prepared by Management)

Sept. 30,

Sept. 30,

Dec.31,

1999

19981998 ASSETS Current Cash and cash equivalents $6,248,260 $16,292,596$5,535,716 Accounts receivable

2,494,181 1,602,4642,032,739 Production inventories

9,477,010

---6,721,802 Supplies inventory

and prepaid expenses

1,802,807

137,2411,069,341 Marketable securities

38,186

105,51638,186 Due from related parties

35,520

51,80039,960

20,095,964 18,189,61715,437,744

Security deposits

176,023

104,911188,367 Property, plant

and equipment

89,267,250 52,199,49890,098,063 Deferred charges

366,582

---

---

$109,905,819 $70,494,026$105,724,174 LIABILITIES AND SHAREHOLDERS' EQUITY Current Accounts payable and

accrued liabilities

$7,860,252 $2,114,142 $10,477,514 Due to related parties

25,390

---

382,772 Current portion of

long-term debt

4,131,465

--- 2,913,270

12,017,107 2,114,142 13,773,556

Reclamation provision

1,066,444

---

713,699 Long-term debt

20,555,343

--- 23,348,884 Deferred Charges

---

---

110,606

33,638,894 2,114,142 37,946,745 Shareholders' equity Capital stock Authorized Unlimited Common Shares,

without par value

Unlimited Class "A"

preference shares,

par value $50

Unlimited Class "B"

preference shares,

par value $250 Issued

December 31, 1998 -

36,541,481 common shares

September 30, 1998 -

36,358,966 common shares

September 30, 1999 -

42,536,955 common shares 102,245,005 97,464,79697,927,696 Cumulative translation adjustment

(885,707) (152,922)(142,562)

Deficit

(25,092,373)(28,931,990)(30,007,705)

76,266,925 68,379,88467,777,429

$109,905,819 $70,494,026$105,724,174 CRYSTALLEX INTERNATIONAL CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS (Expressed in Canadian dollars) (Unaudited - Prepared by Management)

Nine Month

Nine Month Three Month ThreeMonth

Period Ended Period Ended Period Ended PeriodEnded

Sept. 30,

Sept. 30, Sept. 30,

Sept.30,

1999

1998

19991998 OPERATING REVENUE

$27,171,978 $1,766,521 $8,322,994$212,878 OPERATING EXPENSES Operations

13,999,341 4,579,822

4,243,3051,601,755 Amortization and depletion

2,942,264

654,585

998,438126,250 Earnings (loss) from Operations 10,230,373 (3,467,886) 3,081,251(1,515,127) GENERAL EXPENSES 6,246,010 4,530,270

1,899,1751,402,821 Income (loss) before other items

3,984,363 (7,998,156) 1,182,076(2,917,948) OTHER ITEMS Interest and

other Income

1,202,984

750,545

304,491297,327 Foreign exchange

(loss)/gain

(272,015) 1,086,679

(107,507)680,636 Gain on sale of

marketab

securities

---

21,043

---

---

930,969 1,858,267

196,984977,963 Income (loss) for the period

$4,915,332 $(6,139,889) $1,379,060$(1,939,985) Basic earnings (loss) per share

$0.13

$(0.17)

$0.03$(0.05) These financial statements should be read in conjunction withthe notes to the consolidated financial statements. ots OriginalText Service: Crystallex International Corporation Internet:http://www.newsaktuell.de Contact: A. Richard Marshall, VP,(USA) 201-541-6650, ext. 26 or Andrea Boltz (USA) 604-683-0672,both of Crystallex International Corporation Company News On-Call: http://www.prnewswire.com/comp/114620.html or fax, (USA)800-758-5804, ext. 114620 Web site: http://www.crystallex.com---------+---------+---------+---------+---------+---------+--------- News Aktuell Tel.: +49 40 4113-2866 ---------+---------+---------+---------+---------+---------+---------

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