KRY Crystallex International Corp. Common Stock

Crystallex Addresses Recent Market Activity TORONTO, July 22 /PRNewswire-FirstCall/ -- Crystallex International Corporation (TSX: KRY) (AMEX:KRY) President and Chief Executive Officer, Todd Bruce, today confirmed that the Company is not aware of any developments which might account for recent weakness in share price and increased market activity. "We are aware of the market's interest in the time taken for the granting of our final permit required to commence construction, the Permit to Impact Natural Resources," stated Mr. Bruce. "We wish to assure the market that the Company and the relevant government agencies are actively engaged in moving the permitting process to its conclusion. The best description of the status of the process is that provided in a recent public statement by Victor Alvarez, Venezuela's Minister of Basic Industries and Mines and President of the CVG, in which he stated that the permit is in the final stages of a normal administrative process. We are not aware of any technical impediment to the granting of the permit and we have, earlier in the week, completed further successful meetings with Ministry staff. We obviously share the focus of our shareholders on securing the permit and remain confident that the permit is following a standard process that will be completed as soon as possible." Mr. Bruce continued: "Crystallex has fulfilled all of its obligations to date under its mine operation agreement with the CVG and, in fact, has gone well beyond its contractual obligations in areas relating to social benefits for adjacent communities. Engineering and procurement are at advanced stages and the Company has invested millions of dollars to date to insure immediate mobilization once a permit is granted, and to put itself in a position to create jobs and commence production at the earliest possible date." About Crystallex Crystallex International Corporation is a Canadian based gold producer with significant operations and exploration properties in Venezuela. The Company's principal asset is the Las Cristinas property in Bolivar State that is currently under development and which is expected to commence commercial gold production in the second half of 2006 at an initial annualized rate of some 300,000 ounces. Other assets include the Tomi Mine, the La Victoria Mine and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY) Exchanges. Visit us on the Internet: http://www.crystallex.com/ or Email us at: NOTE: This Release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Crystallex, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, or results to differ from those reflected in the forward-looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward- looking statements. Specific reference is made to "Narrative Description of the Business - Risk Factors" in the Company's Annual Information Form ("AIF"). Forward-looking statements in this release including, without limitation to, statements regarding the expectations and beliefs of management include the following: gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the section entitled "Risk Factors" in Crystallex's AIF, annual report, and elsewhere in documents filed from time to time with the Canadian provincial securities regulators, the United States Securities and Exchange Commission ("SEC"), 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. DATASOURCE: Crystallex International Corporation CONTACT: Investor Relations: A. Richard Marshall, VP of Crystallex International Corporation, 1-800-738-1577 Web site: http://www.crystallex.com/ Company News On-Call: http://www.prnewswire.com/comp/114620.html

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