LYDIAN INTERNATIONAL COMPANY PLANNING TO PROCEED TO AMULSAR MINE CONSTRUCTION STAGE

15:02 March 11, 2015

EcoLur

President and CEO of “Lydian International” Company Howard Stevenson
said that “Lydian International” Company plans to ensure the complete
financing of Amulsar project and to proceed to the mine construction
stage in 2015, as “Geoteam” CJSC informs.

Lydian International presented its Amulsar Project at the World’s
biggest mining conference, the Prospectors’ and Developers’ Association
of Canada (PDAC) trade show and conference from 1-4 March.

“We are glad to be able to continue to present the project and Armenia
in high-profile events like PDAC. At these times of economic volatility
attracting investments is a challenge. We gave a presentation on
Amulsar project as part of the PDAC conference and we are glad that the
interest in the investment potential of Amulsar and Armenia is still
high. As we plan to proceed to the full financing of the project this
year, we look forward to the start of the construction and to building
a world-class mining project in Armenia, beneficial for the country,
the communities and the investors,” Howard Stevenson, President and
CEO of Lydian International said.

Reminder: “Lydian International” Company as represented by its
“Geoteam” subsidiary is going to develop Amulsar gold mine located
in the borderline of Vayots Dzor and Syunik Regions. “Lydian
International” Company shareholders are International Finance
Corporation (IFC) and the European Bank for Reconstruction and
Development (EBRD).