Crystallex Reports Noteholders' Appeal Dismissed

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TORONTO, ONTARIO--(Marketwire - May 19, 2010) - Crystallex International Corporation (TSX:KRY) (NYSE Amex:KRY) reported today that the Court of Appeal for Ontario upheld the December 16, 2009 decision of Justice Newbould of the Ontario Superior Court and dismissed the noteholders' appeal of Justice Newbould's order.


Las Cristinas update


Crystallex is actively pursuing a resolution to the Las Cristinas permitting dispute and believes that a responsible large scale mining operation at Las Cristinas will benefit Venezuela, the environment, the local communities, and all the stakeholders. To that end, the Company is presently in discussions regarding potential transactions and partnerships that, if successful, should facilitate the successful advancement of the Las Cristinas Project.


In the absence of a successful transaction or a settlement with the Government of Venezuela, the Company is prepared to file for international arbitration.


About Crystallex


Crystallex International Corporation is a Canadian based company, whose principal asset is its interest in the Las Cristinas gold development project located in Bolivar State, Venezuela. Crystallex shares trade on the TSX (symbol: KRY) and NYSE Amex (symbol: KRY) Exchanges.