8/11/2006

Crystallex International Corporation (AMEX, TSX: KRY) (“Crystallex”) announced today that it has completed its previously announced equity financing of 10,125,000 Units of Crystallex at a price of Cdn$3.20 per Unit for gross proceeds of Cdn$32,400,000. Each Unit is comprised of one common share of Crystallex and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share at a price of Cdn$4.25 for a period of 18 months following the closing date of the offering.

Crystallex plans to use the net proceeds from the financing to develop the Las Cristinas Project including both expenditures under the Engineering, Procurement and Construction Management contract and ongoing administrative expenses such as site security, legal and consulting fees, ongoing camp costs and community projects, to repay a portion of existing indebtedness and for general corporate purposes.