Crystallex International Corporation

Consolidated Statements of Financial Position – Unaudited

(US$ thousands)

March 31, 2011

$

December 31, 2010

$

January 1, 2010

$

Assets

Current assets

Cash and cash equivalents

7,970

16,128

6,897

Restricted cash (Note 7)

-

-

4,688

Accounts receivable

1,146

1,042

1,877

Prepaid expenses, deposits and other assets

1,795

1,442

547

Equipment held for sale (Note 7 )

27,500

-

3,180

38,411

18,612

17,189

Non-current assets

Property, plant and equipment (Note 6)

-

33,200

39,203

Value-added taxes recoverable

(net of provision for recovery of $2,198

Dec 2010 - $nil and Jan 2010 - $nil)

-

-

1,736

Total assets

38,411

51,812

58,128

Liabilities

Current liabilities

Bank loan (Note 8)

1,628

930

-

Accounts payable and accrued liabilities

10,556

11,094

9,086

Promissory note (Note 9)

-

-

894

Demand loan (Note 10)

2,500

2,500

-

Notes payable (Note 11)

96,238

95,035

-

Warrants – derivative financial instruments (Note 14)

66

445

2,305

Current portion of asset retirement obligations (Note 12)

1,138

798

-

112,126

110,802

12,285

Non-current liabilities

Asset retirement obligations (Note 12)

2,680

2,655

2,872

Notes payable (Note 11)

-

-

90,639

Total liabilities

114,806

113,457

105,796

Shareholders’ deficiency

Share capital (Note 13)

588,745

588,745

561,751

Contributed surplus

30,577

30,372

28,707

Deficit

(695,717)

(680,762)

(638,126)

Total deficit

(76,395)

(61,645)

(47,668)

Total liabilities and deficit

38,411

51,812

58,128