Crystallex Comments on Market Activity and Las Cristinas

11/5/2008

TORONTO, ONTARIO -- (MARKET WIRE) -- 11/05/08 -- Crystallex International Corporation (TSX: KRY)(NYSE-A: KRY) reported today that it is aware of certain comments related to the control of the Las Cristinas gold project attributed to the Ministry of Basic Industry and Mining ("MIBAM") in Venezuela. The Company has not been notified of any changes in position by the MIBAM regarding the Las Cristinas Project or the Mine Operating Contract ("MOC"). In addition, members of the Crystallex team have had meetings, as recently as today, with officials from MIBAM and the Corporacion Venezolana de Guayana ("CVG") and no issues were raised with regards to the control of Las Cristinas.

Crystallex continues to comply with its obligations under the MOC, retains its interest in and remains the builder and operator of the Las Cristinas gold Project. Crystallex will continue to press its case for the issuance of the Environmental Permit so that the Project can advance for the benefit of Venezuela, the local communities, the stakeholders and shareholders.

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 at the initial planned production rate of 20,000 tonnes of ore per day. Crystallex shares trade on the TSX (symbol: KRY) and NYSE Alternext US (symbol: KRY) Exchanges.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including: statements relating to the estimated reserves and resources at Las Cristinas; anticipated results of drilling programs, feasibility studies or other analyses; the potential to increase reserves and expand production, at Las Cristinas; Crystallex's projected construction and production schedule, and cost and production estimates, for Las Cristinas; and management's statements regarding its expectations regarding mining in Venezuela. Forward-looking statements are based on estimates and assumptions made by Crystallex in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Crystallex believes are appropriate in the circumstances. Many factors could cause Crystallex's actual results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: 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. These factors and others that could affect Crystallex's forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Crystallex's Annual Information Form (which is included in the Annual Report on Form 40-F that Crystallex files with the United States Securities and Exchange Commission (the "SEC") and elsewhere in documents filed from time to time with the Canadian provincial securities regulators, the SEC and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Crystallex has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.

Contacts:
Investor Relations Contact:
Crystallex International CorporationRichard Marshall, VP
1-800-738-1577
Email: info@crystallex.com
Website: www.crystallex.com