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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Crystallex Completes US$100 Million Debt Offering for Las Cristinas Project

12/23/2004

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TORONTO, Dec 23, 2004 (Canada NewsWire via COMTEX) -- Crystallex International Corporation (AMEX: KRY) (TSX: KRY) announced today that it has completed its previously announced U.S.$100 million debt offering. Crystallex plans to use the net proceeds of the offering to fund the development of the Las Cristinas project.

This press release is not an offer to sell or the solicitation of an offer to buy the units, notes or common shares being offered. There shall not be any offer to sell, solicitation of an offer to buy or sale of the units, notes and common shares being offered in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The units, notes and common shares being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended and the units, notes and common shares may not be offered or sold, directly or indirectly, within the United States or to or for the account or benefit of a U.S. person unless they are registered or an exemption from registration is available.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

CONTACT: For further information: A Richard Marshall, Vice-President Investor Relations of Crystallex International Corporation: 1-800-738-1577 or info@crystallex.com

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