TORONTO, ONTARIO--(MARKET WIRE)--Oct 26, 2007 -- Crystallex International Corporation (Toronto:KRY.TO - News)(AMEX:KRY - News) reported that the Venezuelan National Assembly's Commission of Economic Development has today published a report following its October 4th, 2007 Las Cristinas hearings. The Commission's Report noted that representatives from the Ministry of the Environment and Natural Resources of Venezuela (MinAmb), the Ministry of Basic Industries and Mining ("MIBAM"), the Corporacion Venezolana de Guayana ("CVG"), and Crystallex testified at the hearings.

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The Report concluded:

"1.- The concessionaire, Corporacion Venezolana de Guayana (CVG), and the operator, Crystallex International, have complied with both the feasibility study and the other legal and technical requirements established for the corresponding permits to be granted to them by the Ministry of the Environment for the commencement of the construction and development of Las Cristinas Project.

2.- The delay in the granting of the permits affects the operator, due to the significant burden of personnel and maintenance expenses and socioeconomic expenditure that it has. It also delays a great part of the benefits for the community established in the agreement in relation to employment, housing, and education matters.

3.- The Chairman of the Committee reiterates demands to the Ministry of Environment to grant the corresponding license, thus allowing the mining development to begin.

4.- It is suggested the preparation of an integral proposal based on the endogenous development of the region providing for the integration of the community councils and the sustainable development of the area, for all projects under study."

As a part of the procedure, this report will be sent to all the Venezuelan authorities.

Mr. Gordon Thompson, Crystallex President and Chief Executive Officer, commented, "The Report has confirmed our position and expectations and we look forward to constructing this project once the MinAmb permit is issued.

A copy of the Commission's Report and an English translation are available on the Crystallex website www.crystallex.com in the "Recent Development" section of the site.