Crystallex International Corporation - s. 147

WHEREAS Crystallex International Corporation (the " Applicant ") filed a preliminary prospectus dated January 2, 2001 (the " Preliminary Prospectus ") in accordance with National Instrument 44-101 -- Short Form Prospectus Distributions (the " Short Form Rule ") relating to the qualification of 1,025,000 common shares and 1,025,000 common share purchase warrants issuable upon the exercise of 1,025,000 special warrants of the Applicant and received a receipt therefor dated January 2, 2001;

AND WHEREAS the Applicant filed a (final) prospectus dated January 8, 2001 (the " Prospectus ") in accordance with the Short Form Rule and is desirous of receiving a receipt therefor dated January 8, 2001;

AND WHEREAS the Short Form Rule may not provide for relief from the requirement contained in subsection 65(1) of the Act that a period of ten days elapse between the issuance by the Director of a receipt for a preliminary prospectus relating to the offering of a security and the issuance of a receipt for a (final) prospectus;

AND WHEREAS the Applicant has applied to the Ontario Securities Commission (the " Commission ") for an order pursuant to section 147 of the Act that it be exempt from such Waiting Period Requirement;

AND WHEREAS the Commission has considered the application and the recommendation of staff to the Commission and is satisfied that to do so would not be prejudicial to the public interest

IT IS ORDERED pursuant to section 147 of the Act that:

(a) the Applicant is exempt from the requirement that a period of ten days elapse between the issuance by the Director of a receipt for the Preliminary Prospectus and the issuance of a receipt for the Prospectus; and

(b) that the Applicant be exempt from the requirement under the Act to pay fees in connection with the making of this application.

January 8, 2001.

David Brown, J.A. Geller