KRY Crystallex International Corp. Common Stock

Crystallex Updates Shareholders Regarding the Withdrawal of Minca's Legal Actions pertaining to Las Cristinas TORONTO, July 30 /PRNewswire-FirstCall/ -- Crystallex International Corporation (AMEX:KRY) Toronto announced today that the Venezuelan Supreme Court ("TSJ") was formally notified by Minca of its withdrawal on July 29, 2004, of action #AA40-A-2002-001040 against Crystallex International Corporation Corporacion Venezolana de Guayana ("CVG") that sought to overturn the Mining Operation Agreement for the Las Cristinas properties awarded by the Corporacion Venezolana de Guayana ("CVG") to Crystallex International Corporation on September 17, 2002. On July 29th, 2004 the TSJ also received notifications by Minca abandoning their other legal actions relating to the Las Cristinas properties: * Case # AA40-A-2002-000406: MINCA vs. Ministry of Energy & Mines (MEM) Resolution #035, dated March 5, 2002. * Case # AA40-X-2002-000041 2002-0420: MINCA vs. Presidential Decree #1757, dated April 29, 2002. * Case # AA40-A-2002-000375: MINCA vs. CVG decision #PRE-678-01, dated November 6, 2002 * Case # AA40-A-2002-000420: MINCA vs. Presidential Decree #1757, dated April 29, 2002. On July 9th, 2004 Vannessa Ventures Ltd. ("Vannessa") announced that they had applied for International Arbitration with the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C. The above withdrawals of Minca's litigation regarding Las Cristinas would be consistent with this application for International Arbitration under the Canada Venezuela Bilateral Investment Treaty. 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. Other key 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. For Further Information: Investor Relations Contact: Richard Marshall, VP at (800) 738-1577 Visit us on the Internet: http://www.crystallex.com/ or Email us at: NOTE: This may include 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 presentation, 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, including but not limited to its annual information form ("AIF") and its annual report on Form 20-F, 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, 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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