TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - Crystallex International Corporation (News - Market indicators)(OTCQB:CRYXF) ("Crystallex" or the "Company") has received a letter from the Toronto Stock Exchange stating that following the December 5, 2011 Review, the Exchange determined that the Company does not meet the Original Listing Requirements ("OLRs") and plans to delist the Company's shares effective at the close of market on January 6, 2012.

Management is evaluating alternative exchange listing options. Crystallex shares will continue to trade in the US on the OTCQB market.

About Crystallex

Crystallex International Corporation is a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects. Crystallex has successfully operated an open pit mine in Uruguay and developed and operated three gold mines in Venezuela. The Company's principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela. The Company continues to evaluate mining projects in which it can bring additional expertise to create value for the participants.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain statements included or incorporated by reference in this Press Release, including information as to the future financial or operating performance of the Company and its subsidiaries, constitute forward-looking statements. The words "will", "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "schedule" and similar expressions identify forward-looking statements. See "Risk Factors" section of the Company's MD&A. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this Press Release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.