Crystallex International Corporation

Crystallex International Corporation

January 10, 2006 16:15 ET

Crystallex Announces Appointment of Dan Hamilton as Chief Financial Officer Upon the Retirement of Borden Rosiak

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2006) - Crystallex International Corporation (TSX:KRY)(AMEX:KRY) announced today that Dan Hamilton, currently Vice-President and Controller of the Company since 2003, has been appointed Chief Financial Officer of the Company upon the retirement of Borden Rosiak, both effective January 31, 2006. Mr. Rosiak will be available to the Company as an advisor on financial matters going forward.

Todd Bruce, President and CEO of Crystallex commented, "Borden has been with Crystallex since 2002 and over that period has made an outstanding contribution to the success of the Company. Although we are very sorry to see Borden leave, we recognize his desire to pursue personal interests. I am very pleased that we will continue to have access to Borden on financial matters and wish him the very best for the future. Borden has built an excellent finance team at the Company, and the appointment of Dan Hamilton as Chief Financial Officer ensures that we will have a smooth transition when Borden retires."

Mr. Rosiak added, "Crystallex has moved forward significantly during my time with the Company and stands poised to continue to do so as it completes the Las Cristinas permitting process in Venezuela. I would like to stress that my decision to retire was made for personal reasons. I have spent the past several years working closely with Dan Hamilton, and am confident that the financial and reporting affairs of the Company are in very good hands."

Dan Hamilton is a Chartered Accountant, who received his designation while with Ernst and Young in 1982. Mr. Hamilton has over 20 years of progressive post-qualification experience in Accounting and Finance roles. Prior to joining Crystallex, Mr. Hamilton was VP Group Controller of AMEC Inc, a multi national construction and engineering firm. Mr. Hamilton has also had senior management positions as Controller with various multi million dollar companies including, Agra Monenco Inc., Noranda Inc. and Noranda Minerals Inc. Mr. Hamilton received his B. Comm and B. Admin from the University of Ottawa. Mr. Hamilton has also served as Treasurer of the Ontario Mining Association.

About Crystallex

Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. The Company's principal asset is its interest in the Las Cristinas property in Bolivar State that is currently under development. Other assets include the Tomi Mine, certain Lo Increible properties and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY).

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

Contact Information