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TORONTO, May 20 /PRNewswire-FirstCall/ -- Crystallex International Corporation Toronto today filed year end 2002 results.

SUMMARY * Gold production of 94,623 ounces at a cash cost of US$269 per ounce * Cash contribution of US$34 per ounce; average realized gold price of US$303 * Net loss for the year Cdn $39.8 million, including non-cash items (i) mineral property writedowns of Cdn $2.1 million, (ii) non-hedge derivative loss of Cdn $17.8 million and (iii) amortization and depletion Cdn $12.3 million. * Las Cristinas Mining Operation Contract signed * Independent Las Cristinas proven and probable estimate of reserves at 9.5 million ounces of gold * Crystallex's gold reserves now rank fifth largest amongst North American based gold companies * Las Cristinas Feasibility Study and metallurgical testwork underway * 2001 and 2000 Results restated resulting primarily from mineral property writedowns * Management team expanded * Head office relocated to Toronto Management's Discussion and Analysis follows: CRYSTALLEX INTERNATIONAL CORPORATION Management's Discussion and Analysis For the Year Ended December 31, 2002 (in Canadian dollars, except per ounce amounts in US dollars)

Management's Discussion and Analysis ("MD&A") of the financial condition and results of the operations of Crystallex International Corporation ("Crystallex" or the "Company") should be read in conjunction with the audited consolidated financial statements and the notes. The Company prepares and files its consolidated financial statements and MD&A in Canadian dollars and in accordance with Canadian generally accepted accounting principles, ("GAAP").

The Company appointed new auditors for the year ended December 31, 2002. In addition to completing an audit of its 2002 fiscal year, the Company instructed the new auditors to re-audit its 2001 and 2000 fiscal years. In order to accommodate such an extensive review and comply with filing requirements in Canada (140 days from fiscal year end), the Company is releasing and filing its financial statements prepared in accordance with Canadian GAAP but without reconciliation to US GAAP which will be completed and included in its financial statements for US reporting purposes.

KEY STATISTICS 2002 2001 2000 Operating Statistics Gold Production (ounces) 94,623 109,647 95,563 Total Cash Cost Per Ounce (1,2) US$269 US$230 US$211 Total Production Cost Per Ounce(2) US$353 US$301 US$287 Average Realized Price Per Ounce US$303 US$314 US$333 Average Spot Gold Price Per Ounce US$310 US$271 US$279 Financial Statistics (C$ thousands) Revenues $45,121 $53,323 $47,800 Cashflow from Operating Activities ($4,451) $9,128 $11,079 Net Income (Loss) ($39,772) ($36,650) ($408) Net Income (Loss) per Basic Share ($0.47) ($0.53) ($0.01) Weighted Average Number of Common Shares Outstanding 84,441,287 69,117,738 52,965,842 1 Includes Royalties and Production Taxes. 2 Total Cash Costs and Total Production Costs are calculated in accordance with The Gold Institute Standards. For an explanation, refer to the section of Non-GAAP measures. FINANCIAL REVIEW Summary